Norway’s Hoegh LNG Holdings is putting its floating LNG (FLNG) development activities on hold as it places all its focus on the core floating storage and regasification units (FSRUs).
All resources and capital will be allocated to FSRUs, as this is where it sees the biggest return on investments and the most promising market prospects.
CEO Sveinung Stohle said that "given the overall market outlook for LNG and the current state of the financial markets, we believe focusing solely on FSRUs is financially and commercially the best strategy for Hoegh LNG.”
He
