BRIEF-Norway's Höegh LNG wins FSRU contract in Chile

miércoles 27 de mayo de 2015 01:04 GYT

OSLO May 27 (Reuters) - Höegh LNG

* Höegh LNG Holdings Ltd. signed an FSRU contract with Octopus LNG SpA for the Penco-Lirquén LNG import terminal to be located in Concepción Bay, Chile.

* The contract is for a period of 20 years and is expected to generate an average annual EBITDA of around USD 36 million.

* The contract is subject to Octopus completing financing and obtaining necessary environmental approvals, and the planned start-up is in the second quarter 2018.

* The Company will service the contract with an FSRU from its newbuilding program currently in progress.

* The FSRU will be offered to Höegh LNG Partners LP in due course. Further company coverage: (Reporting By Oslo Newsroom)