Höegh LNG signed a Memorandum of Understanding (MoU) with Nakilat, exploring collaboration for Floating Storage and Regasification Unit (FSRU) business. FSRU is the technology for the liquefied natural gas (LNG) market. It is essentially a floating LNG import terminal, this technology has become a strategic solution for countries without LNG receiving terminal infrastructure, enabling better accessibility of clean energy. Among the significant benefits of FSRU are the ability to serve attractive markets which would otherwise not be able to utilize natural gas, pose lesser transportation risks and have the flexibility to be relocated or used as an LNG carrier.