Recent moves towards the fuel of the future has brought liquefied natural gas (LNG) to the forefront, but Hoegh LNG saw the fuel's potential before this recent surge and has already started to develop a fleet of vessels and is following the market development closely. The development of shuttle and regasification vessels started back in 2001, where Hoegh realised the market potential and future for this type of technology. Since then Hoegh LNG has been expanding from shuttle and regasification vessels (SRV) into floating storage and regasification units (FRSUs) and deep water port projects, where the company now has licenses in place for deep water ports in the UK and USA. Further, Hoegh has also developed its own LNG FPSO.
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