Norway’s Hoegh LNG has officially canned a project in Ghana that would have utilised one of its floating storage and regasification units.
The company said in its first quarter results that the milestone for its project with Quantum Power had not been met so the agreement between the two companies has expired.
Hoegh confirmed TradeWinds' report from March that Egyptian Natural Gas Holding Co (EGAS) has asked for an early termination of its contract on the company’s FSRU Hoegh Gallant (built 2014) which is not due to expire until April 2020.
