Hamilton, Bermuda, 6 December 2018 - Höegh LNG Holdings Ltd. (Höegh LNG) today
took delivery of Höegh Gannet, its ninth floating storage and regasification
unit (FSRU). Höegh Gannet has regasification capacity of 1 Bcf per day and
storage capacity of 170 000 cbm of LNG, combined making it the largest FSRU
built by capacity. The unit has been constructed by Hyundai Heavy Industries in
South Korea and is equipped with a reinforced GTT Mark III membrane containment
system and dual-fuel diesel-electric (DFDE) propulsion.
Höegh Gannet is part of HLNG's ongoing tender processes for FSRU projects with
scheduled start-up in the 2019-21 period. For the interim period between
delivery and start-up under a long-term contract it will serve an LNGC charter
with Naturgy, which starts immediately after the positioning voyage from the
shipyard. This interim contract runs for 15 months, under which Höegh Gannet
will earn a fixed dayrate in line with the historical medium term LNGC market.
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About Höegh LNG:
Höegh LNG operates world-wide with a leading position as owner and operator of
floating LNG import terminals; floating storage and regasification units
(FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs).
Höegh LNG's vision is to be the industry leader of floating LNG solutions. Its
strategy is to develop the business through an extended service offering, with
large-scale FSRUs as the main product, and focus on establishing long-term
contracts with attractive risk-adjusted returns involving credible counterparts.
The company is publicly listed on the Oslo stock exchange under the ticker HLNG,
and owns approximately 46% of Höegh LNG Partners LP (NYSE:HMLP). Höegh LNG is a
Bermuda based company with established presence in Norway, Singapore, the UK,
USA, South Korea, Indonesia, Lithuania, Egypt, Colombia and Turkey. The company
employs approximately 155 office staff and 525 seafarers.
Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975
Steffen Føreid, Chief Financial Officer, Telephone +47 975 57 406
Erik Folkeson, VP IR and Strategy, Telephone +47 414 21 769
This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act or the Continuing Obligations of