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Höegh teams with Aker Yards, ABB Lummus

Maritime Activity Reports, Inc.

September 20, 2007

Höegh LNG entered agreements with Aker Yards and ABB Lummus Global and started the engineering and design for its first liquefied natural gas (LNG) floating production, storage and offloading (FPSO) unit. The proposed project will consist of a ship-shaped FPSO with the capacity to treat and liquefy a well stream of approximately 88.2 Bcf/year, or annual production of approximately 1.6 million tons of LNG and approximately 500,000 tons of liquefied petroleum gas (LPG). The LNG FPSO will have storage capacity of 6.4 MMcf of LNG and 1.1 MMcf of LPG. Deliveries are scheduled to begin in mid-2011. Höegh LNG will manage the pre-front end engineering and design (FEED) phase, with Aker Yards performing work on the FPSO hull, containment and utility systems. ABB Lummus will design the gas treatment and processing plant as well as the liquefaction and LPG plant. Pre-FEED work will take between four to six months to complete. Agreements with contractors for the LNG offloading and mooring arrangements as well as the classification society will be completed soon. Source: Energy Current

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