Nakilat and Höegh LNG team up on FSRU projects

Höegh LNG has signed a memorandum of understanding with Qatari shipowner Nakilat to explore collaboration in floating storage and regasification units (FSRUs).

The parties have not disclosed the details of the collaboration.

“Nakilat views this strategic alliance with Höegh LNG, a leading owner and operator of FSRUs, as a huge stepping stone for further growth. This agreement paves the way for greater business opportunities to create substantial platforms for local players to get involved in the project, exposing them to innovative technologies and expertise that would be beneficial to their growth and the development of Qatar’s energy and maritime industry. Nakilat is always looking at opportunities of diversifying solutions to deliver clean energy worldwide, supporting the rising global demand of LNG,” said Nakilat’s Managing Director Eng. Abdullah Al-Sulaiti.

“We are pleased and very proud to be partnering with Nakilat, the largest LNG carrier company and look forward to jointly contribute to expanding the global market for LNG. The alliance with Nakilat is a confirmation of Höegh LNG’s leading position in the FSRU market and offers the opportunity to further accelerate our market presence beyond the projects we undertake on a sole basis.” said Sveinung J.S. Sthle, president and CEO of Höegh LNG.

Nakilat operates the largest LNG shipping fleet in the world, comprising of 63 LNG vessels, while Höegh LNG provides floating energy solutions and operates floating LNG import terminals and floating storage and regasification units (FSRUs).