Höegh LNG - Awarded FSRU Contract in Chile
Höegh LNG Holdings Ltd. (the "Company" or "Höegh LNG") on 26 May 2015 signed an FSRU contract with Octopus LNG SpA ("Octopus") for the Penco-Lirquén LNG import terminal to be located in Concepción Bay, Chile. The contract is for a period of 20 years and is expected to generate an average annual EBITDA of around USD 36 million. The contract is subject to Octopus completing financing and obtaining necessary environmental approvals, and the planned start-up is in the second quarter 2018. The Company will service the contract with an FSRU from its newbuilding program currently in progress. The