Hoegh offshore gas agreement lines up project finance
Hoegh LNG, a specialist in the field of floating liquefied natural gas, has got an early agreement to build an offshore rig on the north coast of Indonesia, lining up a potential project finance deal next year for advisers Bank of Tokyo-Mitsubishi and Standard Chartered.
The company has signed a non-binding agreement with Indonesias state-owned Perusahaan Gas Negara to build a floating storage and regasification unit of the coast of Belawan, near North Sumatra.
It has mandated BTMU and Standard Chartered as financial advisors for the project financing, turning to Asian banks only
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