Hoegh LNG ended an agreement to lease a floating liquefied natural gas (LNG) import vessel to Chile after approvals for the project were likely to be delayed again. The Chilean government said on Friday that it had not yet approved the project, which would have been Chile's first LNG-fueled ship since its construction in 2000. The unit, Esperanza, has instead been leased to China National Offshore Oil Corporation in a three-year charter deal.
Hoegh LNG ended an agreement to lease a floating liquefied natural gas (LNG) import vessel to Chile after approvals for the project were likely to be delayed again. The Norwegian company was due to provide a floating storage and regasification unit to GNL Penco under a 2015 deal, starting in Q2 2018, but regulatory permits were slow in coming. The unit, Esperanza, has instead been leased to China National Offshore Oil Corporation in a three-year charter deal.