Höegh FLNG : Awarded Pre-FEED study by confidential Client

Höegh FLNG Ltd., a fully owned subsidiary of Höegh LNG Holdings, has been awarded a pre-FEED study for a jetty-moored 2 mtpa FLNG near shore barge FLNG solution for a North American LNG export project. The study will be executed in 2nd half of 2013 with a potential for conducting a full FEED in 2014.

Höegh LNG's President and CEO, and Chairman of Höegh FLNG Ltd., Sveinung J.S. Støhle, says in a comment: "We are pleased to be awarded this Pre-FEED study and are confident that the results will show that our barge based FLNG designs will give our client a safe, technically sound and cost efficient solution for exports of LNG from the North American continent. This award further underscores Höegh FLNG's ability to compete for development of FLNG projects worldwide."

About Höegh LNG

Höegh LNG is a fully integrated floating LNG services company with 40 years' experience, offering long-term floating production, transportation, regasification and terminal solutions for the liquefied natural gas (LNG) market. The company operates a fleet of six LNG carriers and two floating storage and regasification units (FSRUs). In addition Höegh LNG has four FSRUs under construction at Hyundai Heavy Industries. The company holds a significant project development portfolio for floating regasification as well as floating LNG production (FLNG). Höegh LNG is a Bermuda company, which has also established presence in Oslo, Singapore, London and Tampa. In total the Company employs about 80 office staff and about 350 sea farers.

Arild Jæger, Head of Investor Relations, Telephone +47 975 57 408