Hoegh’s offshore gas deal lines up project financing

Hoegh LNG, a specialist in the field of floating liquefied natural gas, has an early agreement to build an offshore storage unit on the north coast of Indonesia, lining up a potential project finance deal next year for advisers Bank of Tokyo-Mitsubishi and Standard Chartered.

  • 15 Dec 2011

The company has signed a non-binding agreement with Indonesia’s state-owned Perusahaan Gas Negara to build a floating storage and regasification unit off the coast of Belawan, near North Sumatra.

It has mandated BTMU and Standard Chartered as financial advisers for the project financing, turning to Asian banks only ...

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