Norway’s Hoegh LNG and Egyptian Natural Gas Holding Co (EGAS) are amending the time charter for a floating storage and regasification unit (FSRU) which was originally fixed for a five-year term.
Under the amended contract, the 170,000-cbm Hoegh Gallant (built 2014) 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.
