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PGN's Lampung FSRU. Image courtesy of Höegh LNG.

Norway-based shipbuilder Höegh LNG completed work on the PGN’s Lampung floating storage and regasification vessel (FSRU), the company said Monday.

The project received its first cargo of LNG over the weekend through a ship-to-ship transfer.

The vessel is now in its final commissioning phase.

The FSRU, owned by Höegh and Indonesia-based PT Rekayasa Industri, is located off the shore of Sumatra, Indonesia.

PGN, Indonesia’s state-owned and largest natural gas transportation and distribution company, will lease the facility from Höegh and Rekayasa Industri for 20 years at US$140,000 per day, Antara News said.

The Lampung FSRU, a liquidated natural gas project, has a storage capacity of 170,000 cubic meters of gas with a supplying capacity of 240 million cubic feet per day.

Höegh said the second and third FSRUs are scheduled to stat commercial operation later this year.

The fourth FSRU will be delivered in early 2015.

“The company is in the process of preparing for further expansion within the FSRU segment, thus demonstrating our commitment to keep growing the company within the FSRU market,” Höegh CEO Sveinung Stohle said.