Höegh LNG of Norway said it has entered into an agreement with a confidential client to initiate a project specific engineering and cost study for an LNG FPSO solution.
The study is estimated to take 3 to 4 months, at which point a decision shall be made as to whether or not a full FEED study would be undertaken, the company said in a statement.
President and CEO of Höegh LNG , Sveinung J.S. Støhle , said: “ We are excited about initiating the study for an LNG FPSO to monetise the gas reserves. The study will be based on Höegh LNG’s already developed design, and is the result of our continuous effort to promote technical and economical sound floating solutions for LNG production .”
[mappress] LNG World News Staff, May 21, 2012