Norway’s Hoegh LNG Holdings plans to start looking at expanding its fleet of floating storage and regasification units as demand for the specialist vessels increases.

In a second-quarter results statement, Hoegh LNG said its current focus is preparing several FSRUs for the start-up of new contracts.

But the company added: “Looking further ahead, the company will start considering potential growth opportunities including expansions of its FSRU fleet with newbuilds or conversion of LNG carriers to FSRUs.”