Regasification specialist Hoegh LNG Partners is inching forward on the refinancing of one of its floating storage and regasification units which is currently the subject of arbitration proceedings.

Speaking on a results call, interim chief executive and chief financial officer Havard Furu said commitment letters and a term sheet have been received from a group of lenders for an approved refinancing of the commercial tranche of the debt facility on the 170,000-cbm PGN FSRU Lampung (built 2014).