Höegh LNG: AB Klaipėdos Nafta declares purchase option to acquire Independence

HAMILTON, Bermuda, 5 October 2022 -- Höegh LNG Holdings Ltd. (“Höegh LNG”) announces that AB Klaipėdos Nafta (“KN”) has notified Höegh LNG that KN exercises its option to acquire the floating storage regasification unit (FSRU) Independence. The transfer of ownership is expected to occur in December 2024. Until then, the existing FSRU contract between a subsidiary of Höegh LNG and KN continues unchanged.

Contacts:

Erik Nyheim, President and CEO, Telephone +47 926 59 949

Håvard Furu, Chief Financial Officer, Telephone +47 991 23 443

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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 "Enabling the transition to Clean Energy". The company is owned by Larus Holding Limited, a 50/50 joint venture between Leif Höegh & Co. Ltd.  and Funds managed by Morgan Stanley Infrastructure Partners. Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, China, Indonesia, Lithuania, Egypt, Colombia, Brazil and the Philippines. The group employs approximately 180 office staff and 680 seafarers. Please see: www.hoeghlng.com