Höegh LNG: Acquisition of LNG carrier

Hamilton, Bermuda, 20 February 2023 - Höegh LNG Holdings Ltd. ("Höegh LNG") announces that it has entered into an agreement with CoolCo to acquire the 2013-built LNG carrier Golar Seal with 160,000 cbm cargo capacity. The purchase price is in line with current market level for similar vessels. Höegh LNG expects to take delivery of the vessel in late March or April 2023 and subsequently employ the vessel in the carrier market on a term time charter.

“We are very pleased to make this investment which underpins our growth ambitions. The vessel will be an excellent addition to our fleet, and provide flexibility to pursue FSRU conversion opportunities.” said Erik Nyheim, the President & CEO of Höegh LNG.

Contacts:

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

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

About Höegh LNG:

Höegh LNG is a leading innovator, owner and operator of floating LNG import terminals (FSRUs) and LNG carriers. For more information, please see: www.hoeghlng.com