Höegh Evi Enhances Egypt's Energy Landscape with FSRU Deal

Höegh Evi Expands Its Role in Global Energy Infrastructure

Höegh Evi, a prominent force in marine energy infrastructure, has formalized a decade-long partnership with the Egyptian Natural Gas Holding Company (EGAS) for its flagship project. The agreement focuses on the deployment of Hoegh Gandria, a floating storage and regasification unit (FSRU). This strategic move is set to enhance Egypt's role as a vital energy hub within the Middle Eastern landscape.

Commitment to Energy Transition Solutions

With the upcoming deployment of Hoegh Gandria in the fourth quarter of 2026, this FSRU aims to deliver an impressive peak LNG regasification capacity of 1,000 million standard cubic feet per day. This capacity will significantly bolster Egypt's energy infrastructure, making it more versatile and adaptive to future demands.

President and CEO of Höegh Evi, Erik Nyheim, expressed enthusiasm about the conversion of Hoegh Gandria into a floating terminal, stating, "Höegh Evi is proud of our longstanding role as a trusted energy infrastructure partner to Egypt. Through this partnership, we are excited to support the growth of Egypt's diversified energy system. Our experiences have shown us the unique benefits of flexible marine infrastructure."

Transformation of Hoegh Gandria

In an effort to expedite the FSRU's operational readiness, Höegh Evi will initiate the conversion of Hoegh Gandria from an LNG carrier into a specialized floating regasification terminal. This conversion process is being prioritized to meet the scheduled operational launch.

Strategic Deployment and Future Operations

The FSRU Hoegh Gandria will play a crucial role by replacing the currently deployed Hoegh Galleon, which currently serves Egypt on an interim basis. The Hoegh Galleon is scheduled for transfer to an LNG terminal in Port Kembla, Australia, in 2027 after completing its mission in Egypt.

Media Relations and Corporate Information

For queries or further information, interested parties can contact Christine Corkery Steinsholt, the Vice President of External Communications at Höegh Evi. Her expertise in corporate communications ensures that the media has direct access to updates and insights regarding the company’s operations.

Höegh Evi stands at the forefront of facilitating a smooth transition towards sustainable energy. With a legacy spanning five decades, the company holds a distinguished reputation as a leader in floating energy solutions. As part of its ongoing commitment, Höegh Evi is innovating and expanding its fleet dedicated to delivering critical energy infrastructure.

Committed to addressing global energy challenges, Höegh Evi continues to develop pioneering projects including floating terminals for ammonia and hydrogen imports, alongside carbon transport and permanent storage solutions. The company boasts a dedicated team of around 900 professionals, both onshore and offshore, all working together to meet the growing energy demands worldwide.

Frequently Asked Questions

What is the significance of the agreement between Höegh Evi and EGAS?

The agreement marks a strategic partnership that enhances Egypt's position as a key energy hub by deploying a flexible FSRU, improving LNG import capabilities.

When will the Hoegh Gandria be operational?

Hoegh Gandria is expected to commence operations by the last quarter of 2026, following its conversion into a floating regasification unit.

What role does Höegh Evi play in the global energy market?

Höegh Evi is a leading provider of floating energy infrastructure, specializing in solutions for natural gas imports and adaptation to evolving energy needs.

How does the conversion of Hoegh Gandria benefit Egypt?

The conversion enhances Egypt’s energy infrastructure, allowing for increased LNG regasification capacity, ensuring a reliable energy supply.

What other projects is Höegh Evi involved in?

Höegh Evi is working on advanced projects like floating terminals for ammonia and hydrogen, contributing to a sustainable energy transition.

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