Höegh LNG has entered into a binding commitment to supply Indian firm H-Energy with a floating storage and regasification unit (FSRU) in Jaigarh near Mumbai from as early as the first quarter of 2021.
The final agreement will be for 10 years with annual termination options after the fifth year.
Höegh LNG will allocate one of its available FSRUs currently trading in the LNG carrier market for the project.