Höegh LNG - Provider of Floating LNG Services

Höegh LNG - provider of floating LNG services
FSRU
Ragnar Wisløff
Company Commercial Officer
Höegh LNG
1
FSRU
Floating Storage Regasification Unit (FSRU)
A floating LNG import terminal moored offshore or to a jetty allowing energy
companies to store and regasify LNG close to markets with limited impact on
land. A highly cost competitive solution to building large, shore based storage
and regasification facilities.
2
HÖEGH LNG – COMPANY FACTS
Business Model: «provider of floating LNG services under long-term contracts»
Transportation FSRU FLNG
 Modern fleet with 2 FSRUs in  Own FLNG design

 5 LNG carriers in operation operation on long term T/C with  Performing paid engineering
 Mainly long-term charters with GDF Suez LNG studies for two potential FLNG
blue chip counterparts  4 newbuildings on order for developments
delivery 2014 and 2015  Partner in a Papua New Guinea
 Terminal services commence FLNG joint venture
2013 and 2014 for three units  Business area to be capitalized on
a stand-alone basis and spun off
3
FSRU PROJECTS – Risk management challenges
4
What is a floating LNG terminal?
A Floating Storage and Regasification Unit is permanently moored close to the market
1. Project specific mooring solution

Some other mooring examples:
Offshore mooring
Double-berth jetty
5
An LNG carrier approaches the FSRU to bring a new cargo
The FSRU is compatible with the

2. world LNG carrier fleet
 Typically, LNGCs of 80,000 to
170,000 cbm will be used
 Both Moss and Membrane type
LNGCs are compatible
Full feasibility to discharge LNG

from the FSRU to
 LNG bunker vessels,
 short-sea LNG shipping,
 road trucks
6
The LNG is transferred from the LNG carrier to the FSRU
LNG transfer can be done “ship-to-

3.
1. ship” or across a berth with loading
arms or flexible hoses
Flexible hoses
Across a berth
7
The FSRU continuously regasifies the LNG and sends high-pressure natural gas to shore
Onboard regasification of LNG

4.  Output from 1 to 10 bcm p.a., but
typically 2-5 bcm p.a.
 Multiple seawater pumps provide
the heat to warm the LNG; steam
heat may replace or supplement
the seawater heating
 A modular and skid-based design
 Proven systems and components
 High reliability
Regas skids
8
The customer is provided with a clean and low cost energy – secure and reliable
 A power station with installed

5.
1. capacity of 1,500MW switching
from oil to gas will save several
hundred million USD per year in
fuel costs
 Also emissions to air are reduced

substantially
 With regional distribution in

smaller vessels using the FSRU
as mother ship, also regions not
possible to serve with pipelines
can benefit
9
FSRU for PGN – particulars
 Newbuild FSRU to be located 20 km

offshore South Sumatra with mooring and
off/onshore pipeline to shore
 20 year service contract covers the FSRU
 3 regas skids, normal regas rate 240
MMSCFD (2.4 BCM)
 Annual equivalent 2 mill tons of LNG
 170,000 m3 LNG storage capacity
 No dry-docking during service period
 Mooring system chosen is a Tower Yoke
 LNG loading systems side-by-side ship-to-
ship transfer using flexible hoses
Location of FSRU  FSRU with propulsion (10kn)
 Start-up 2014
10
PERUSAHAAN GAS NEGARA (PGN) - LAMPUNG, INDONESIA – start-up Q2’14

 The LNG import terminal will connect to Indonesia's existing main grid and supply gas to
Sumatra and the Jakarta region replacing supply from depleting gas fields in Sumatra
 Project Management / Technical Interface Meetings
 Project Finance
 PT Höegh LNG Lampung
 Mooring arrangement
 Offshore installation
 Operation
11
KLAIPEDOS NAFTA FSRU - LITHUANIA – start-up Q3’14

 The FSRU will provide a second import gate for natural gas to Lithuania and add to the
security of energy supply
 New LNG terminal law adopted by the Parliament of Lithuania in June 2012
 Name of the FSRU is “INDEPENDENCE”
 Project Finance
 Mooring arrangement
 Operation
12
COLBÚN / AES GENER FSRU - CHILE – start-up TBD

 The FSRU will be used to provide power plants in Chile with natural gas
 The FSRU will be located in Quintero Bay, close to Santiago, Chile.
 Höegh LNG preferred bidder
 Offshore installation
 Operation
FSRU
13
FSRU
Ragnar Wisløff
ragnar.wisloff@heoghlng.com
14

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Höegh LNG - Provider of Floating LNG Services

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Höegh LNG - provider of floating LNG services

Business Model: «provider of floating LNG services under long-term contracts»

Transportation FSRU FLNG

 Modern fleet with 2 FSRUs in  Own FLNG design

1. Project specific mooring solution

An LNG carrier approaches the FSRU to bring a new cargo

The FSRU is compatible with the

Full feasibility to discharge LNG

The LNG is transferred from the LNG carrier to the FSRU

LNG transfer can be done “ship-to-

Onboard regasification of LNG

 A power station with installed

 Also emissions to air are reduced

 With regional distribution in

 Newbuild FSRU to be located 20 km

PERUSAHAAN GAS NEGARA (PGN) - LAMPUNG, INDONESIA – start-up Q2’14

KLAIPEDOS NAFTA FSRU - LITHUANIA – start-up Q3’14

COLBÚN / AES GENER FSRU - CHILE – start-up TBD

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