Hoegh LNG is close to securing a contract to supply a floating storage and regasification unit (FSRU) for an LNG import terminal in the Australian port of Geelong.

The Norwegian shipowner has entered into a heads of agreement (HoA) to negotiate a charterparty for the unit with Australia’s Viva Energy.

The HoA sets out a framework and key terms for the negotiation of a binding time charter agreement and is a material step in the delivery of the Viva Energy Gas Terminal project.