MODEC, Inc. announces the award of a Tower Yoke Mooring System by Höegh LNG to subsidiary, SOFEC Inc.

The Tower Yoke will provide a permanent mooring for the FSRU, 20 km offshore, south east Sumatra, in a water depth of 23 meters. The system includes a Swivel Stack assembly and riser piping to export gas through a single 24” gas export line. Import gas will be supplied by LNG Carriers which will moor for side by side offloading to the FSRU. In addition to the local weather conditions the system will also be designed to withstand earthquakes. DNV is the chosen Classification Society.

Höegh LNG has established a strong presence in S.E. Asia and SOFEC was pleased to offer their support on this project and look forward to working with Höegh LNG on further projects as the opportunities arise. There has been a noted increase of offshore activity in Indonesia, offering further possibilities in the coming years. Höegh LNG’s customer is PT Perusahaan Gas Negara (PGN).

This contract represents SOFEC’s fifth tower yoke project and establishes SOFEC as the clear leader in the supply of Tower Yoke Systems.

Press Release, December 17, 2012