Oslo-listed Hoegh has netted $412m towards FSRU 3 (Hoegh Gallant) and FSRU 4 after an initial $400m facility was firmed up and upsized today.

Sveinung Stohle, chief executive of Hoegh LNG, tells TradeWinds the larger cheque comes amid plans to install regasification capacity on one of the two newbuildings.

Stohle says the loan has been secured without a contract in place for either vessel, showing the banks have confidence in both the company and the sector.