Podcast

Acquisition of Hoegh EVI

Image: Igneo Infrastructure Partners

Acquisition of Hoegh EVI

On 30 April 2025 Igneo formally acquired a 50% stake in the Norway headquartered, Floating Storage Regasification Unit (FRSU) operator Hoegh EVI.

In the NEWSFLASH episode of Keeping it Real Assets Alex Nassuphis provides his thoughts on the role FSRUs and market leader Hoegh Evi are expected to play in the provision of long-term energy supplies.

Barriers to entry in the sector are very high. From a capital investment standpoint, a new-build FSRU costs over $400 million, while a conversion from an LNG carrier to an FSRU costs more than $200 million, on top of the value of the ship being converted.

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