CNOOC Leases Bigger FSRU to Boost LNG Imports

June 4, 2018

World Energy Reports LLC.
Hoegh Esperanza.jpg

The trading arm of China National Offshore Oil Corp (CNOOC) struck a three-year lease for a bigger floating storage and regasification unit (FSRU) from Hoegh LNG as it seeks to boost imports of liquefied natural gas (LNG).

In a statement, shipowner Hoegh LNG said its Esperanza FSRU was contracted to CNOOC Gas & Power Trading and Marketing.

The floating liquefied natural gas (LNG) import terminal will be based in Tianjin as a replacement for Hoegh's GDF Suez Cape Anne FSRU, recently redeployed from China to India.

The Esperanza is larger, with a storage capacity of 170,000 cubic metres of LNG - versus 145,000 cubic meters for the Cape Anne - and a maximum regasification rate of 750 million cubic feet/day.

"Hoegh LNG is the only FSRU operator with operating experience in China, and we see the potential for Hoegh LNG to provide additional FSRUs to this large and rapidly growing LNG market," the company's CEO Sveinung Stohle said.

The Esperanza will function in FSRU mode for an agreed-upon minimum period each year, Hoegh said. The rest of the time it can be used as an LNG carrier or an FSRU, with the charter rate corresponding to the mode of use, it said.


(Reporting by Oleg Vukmanovic; editing by David Evans)

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Production Systems Report And Online Database

  • Monthly reports -- Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 80 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the forecast and make revisions as needed.
  • Online database -- The online database is updated every day – with information direct from primary sources. In the database are details for 240 planned projects, 370 installations in service, 70+ floaters on order and 20+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request Free Trial