Höegh LNG: Applying for LNG import licence in Cyprus
Hamilton, Bermuda 1 April 2020 – Höegh LNG Holdings Ltd. (“Höegh LNG” or “the company”) advices that its subsidiary, Höegh LNG Ltd., has applied for an LNG infrastructure ownership, operations and development license in Cyprus. To diversify Cyprus’ energy mix to reach new emission targets for the country’s power production, Cyprus needs to replace the consumption of refined oil products with cleaner LNG as fuel. The plan consists of using one of Höegh LNG’s FSRUs as a fast track solution for the required fuel switching, thereby reducing air emissions, cutting EU emission taxes, enabling