Höegh LNG Holdings has entered into a time charter party with AGL Energy's wholly owned subsidiary AGL Shipping for the provision of a floating storage and regasification unit (FSRU) to facilitate its proposed Gas Import Jetty project at Crib Point, Victoria, Australia.
The charter is for a period of 10 years and remains conditional on the board of directors of AGL Energy taking a final investment decision in relation to the project and receipt by the charterer of key environmental project approvals.
The project has a target start-up during the 2020-2021 timeframe.
