Höegh, EGAS rework FSRU Höegh Gallant deal

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Höegh LNG said it has decided to amend the Höegh Gallant FSRU time charter with Egypt Natural Gas Holdings Company (EGAS).

Under the amended contract, the Höegh Gallant will be chartered as an LNG carrier to a third party, and EGAS will compensate for the rate difference between the original FSRU contract and the new LNG carrier time charter, Höegh LNG said in a statement.

The amended contract is expected to become effective in October 2018 and will run to April 2020, the termination date of the original five-year FSRU contract.

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