The commercial startup of Britain's first floating liquefied natural gas (LNG) import terminal may be delayed until 2015 from 2014 owing to regulatory hold-ups, Norwegian developer Hoegh LNG said on Monday.
A final investment decision (FID) on the 3-6 billion cubic meter/year deepwater Port Meridian import terminal has been pushed back one year to the end of 2012, Hoegh LNG's Chief Executive Officer Sveinung Støhle told Reuters.
Delays to FID could delay start-up of the facility to 2015, Stohle said, although the company might be able to deploy one of its two floating storage and regasification units (FSRUs) now under construction for the project.
Two FSRUs under construction are due for delivery in 2013 and 2014 from South Korean shipbuilder Hyundai Heavy Industries.
"We have all the approvals, now we are focussing on getting customers on board in the next 6-12 months," Stohle said, referring to the UK project.