Norwegian liquefied natural gas player Hoegh LNG is dropping plans to expand into the floating gas production business, opting to concentrate on the fast-growing regasification market instead, writes Beate Schjolberg.
Plentiful LNG supply means fewer new projects are likely to go ahead, and financing has become harder to come by. As a result, regasification is a much more promising market at present, according to Hoegh LNG.
“The
