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Höegh LNG: Interim results for the quarter and first half ended 30 June 2024

Hamilton, Bermuda, 21 August 2024 - Höegh LNG Holdings Ltd. ("Höegh LNG") today reports its interim financial results for the quarter and first half ended 30 June 2024. The group reported an EBITDA of USD 75 million for the second quarter of 2024, compared to USD 79 million for the preceding quarter.In the second quarter, Hoegh Giant completed its commissioning for FSRU operations in Brazil. Furthermore, Höegh LNG and AIE announced an interim FSRU deployment of Hoegh Galleon with EGAS in Egypt for a period of about 20 months, after which the FSRU is expected to be deployed to AIE’s LNG

Höegh LNG: Interim results for the quarter ended 31 March 2024

Hamilton, Bermuda, 23 May 2024 - Höegh LNG Holdings Ltd. ("Höegh LNG") today reports its interim financial results for the quarter ended 31 March 2024. The group reported an EBITDA of USD 79 million for the first quarter of 2024, compared to USD 78 million for the preceding quarter.In the first quarter, Höegh LNG completed the refinancing of Hoegh Galleon and commenced the commissioning of Hoegh Giant for FSRU operations in Santos, Brazil. The commissioning was completed in April.    Subsequent to the quarter end, Hoegh LNG signed an agreement with Australian Industrial Energy (AIE) and

Höegh LNG announces agreement to deploy FSRU Hoegh Galleon to Egypt

Hamilton, Bermuda 02 May 2024 - Höegh LNG Holdings Ltd. (Höegh LNG) has announced an agreement between Höegh LNG, Australian Industrial Energy Pty Ltd (AIE) and Egyptian Natural Gas Holding Company (EGAS) for the deployment of the Floating Storage and Regasification Unit (FSRU) Hoegh Galleon. The aim of the deployment is to support energy security in Egypt. Hoegh Galleon will be located in Ain Sokhna, Egypt for a likely period of 19-20 months, after which it is expected to be deployed to AIE’s LNG terminal currently under construction at Port Kembla, Australia.   "Together with AIE

Höegh LNG: 2023 Annual Report and Sustainability Report

Hamilton, Bermuda 19 April 2024  - Höegh LNG Holdings Ltd. ("Höegh LNG") has today published its 2023 Annual Report and 2023 Sustainability Report. Both reports are available at hoeghlng.com .Strong performance driven by FSRU deliveries to Europe In 2023, Höegh LNG delivered the highest net result in the company’s history. The strong performance was fuelled by successful delivery of critical LNG infrastructure in Europe. The FSRU market is well positioned for continued growth, driven by the build-out of more liquefaction capacity and growing

Höegh LNG: Interim results for the quarter and year ended 31 December 2023

Hamilton, Bermuda, 28 February 2024 - Höegh LNG Holdings Ltd. ("Höegh LNG") today reports its interim financial results for the quarter and year ended 31 December 2023. The group reported an EBITDA of USD 78 million for the fourth quarter of 2023, compared to USD 89 million for the preceding quarter. In the fourth quarter, Höegh LNG completed the refinancing of Hoegh Gannet and entered into partnership with VTTI B.V to develop a new energy terminal in or near the port of Vlissingen in the Netherlands. In addition, the charterer of Höegh Grace waived its termination option in 2026, which

Höegh LNG: Interim results for the quarter ended 30 September 2023

Hamilton, Bermuda, 16 November 2023 - Höegh LNG Holdings Ltd. ("Höegh LNG") today reports its interim financial results for the quarter ended 30 September 2023. The group reported a total income of USD 140 million and an EBITDA of USD 89 million for the third quarter of 2023, compared to USD 127 million and USD 79 million for the preceding quarter.Furthermore, in the third quarter Höegh LNG entered into a strategic partnership with Aker BP to develop a fully comprehensive carbon transport and storage (CCS) offering for industrial CO2 emitters in Northern Europe.  Subsequent to the

Höegh LNG and Aker BP Form Strategic Partnership for Carbon Transport and Storage Solutions

Höegh LNG and Aker BP have entered a strategic partnership to develop a fully comprehensive carbon transport and storage offering for industrial CO2 emitters in Northern Europe. The agreement combines the companies’ respective strengths, expertise, and technologies to establish a strong value chain for CCS on the Norwegian Continental Shelf that includes gathering, transporting and securely injecting CO2 for permanent storage in subsea reservoirs.“Höegh LNG welcomes the opportunity to join forces with Aker BP and deliver a large scale, one-stop shop CCS value chain to industrial emitters

Höegh LNG: Interim results for the quarter and half year ended 30 June 2023

Hamilton, Bermuda, 23 August 2023 - Höegh LNG Holdings Ltd. ("Höegh LNG") today reports its interim financial results for the quarter and half year ended 30 June 2023. The group reported a total income of USD 126.8 million and an EBITDA of USD 78.7 million for the second quarter of 2023, compared to USD 137.4 million and USD 91.9 million for the preceding quarter. Furthermore, during the quarter the group completed a new loan agreement for Hoegh Gandria and a new corporate credit facility.

Höegh LNG: Changes to the board of directors

Hamilton, Bermuda, 12 June 2023 - Höegh LNG Holdings Ltd. ("Höegh LNG") announces that in a shareholder meeting held on 9 June 2023, Eric den Besten and Carlo Ravizza were appointed as new directors of the board. The two new directors are replacing Leif O. Høegh and Martine Vice Holter. Leif O. Høegh will continue as alternate director to the board.Eric den Besten is the incoming CEO of Hoegh Capital Partners (“HCP”).  He was previously Chief Investment Officer of SHL Capital, a single family office with controlling interests in Aston Martin Lagonda and the Aston Martin F1 team. Prior to

Höegh LNG: Interim results for the quarter ended 31 March 2023

Hamilton, Bermuda, 24 May 2023 - Höegh LNG Holdings Ltd. ("Höegh LNG") today reports its interim financial results for the quarter ended 31 March 2023. The group reported a total income of USD 137.4 million and an EBITDA of USD 91.9 million for the first quarter of 2023, compared to USD 106.1 million and USD 51.9 million for the preceding quarter. Furthermore, during the quarter the group signed the new loan agreement for refinancing two of its FSRUs and completed the previously announced acquisition of the 2013-built LNG carrier Höegh Gandria (ex. Golar Seal).“We are proud to deliver the

Höegh LNG: Sustainability Report for 2022

Hamilton, Bermuda, 13 April 2023 - Höegh LNG Holdings Ltd. ("Höegh LNG") has today published its 2022 Sustainability Report. The report highlights our achievements of the past year, outlines our responsible business practices and our ambitious goals towards 2030. The report also outlines Höegh LNG's sustainability strategy, including targets for reducing greenhouse gas emissions, ramping up its focus on clean energy, and promoting diversity and inclusion throughout the organization.Höegh LNG’s FSRU fleet is the most modern in the market and has the most efficient power production currently

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

Höegh LNG: Refinancing of two FSRUs

Hamilton, Bermuda, 10 February 2023 - Höegh LNG Holdings Ltd. ("Höegh LNG") is pleased to announce that it has signed a new loan facility agreement with a group of banks to refinance Höegh Esperanza and Hoegh Gannet, both employed on long-term contracts in Germany. The new loan facility agreement is for a total amount of USD 685 million and has a tenor of 10 years. The loan amount will be applied to repay the existing loan facilities and general corporate use. The facility is split in two tranches, one per vessel. Subject to customary closing conditions being fulfilled, Höegh LNG expects to

Execution of binding Time Charter Contract for Hoegh Gannet with the Federal Government of Germany

Hamilton, Bermuda, 19 January 2023 - With reference to the stock exchange notice dated 5 May 2022, Höegh LNG Holdings Ltd. ("Höegh LNG") is pleased to announce that it has signed the second binding 10-year Time Charter Contract with the German Federal Ministry for Economic Affairs and Climate Action (the "Charterer"). The floating storage and regasification unit (FSRU) Hoegh Gannet is allocated to the contract. The vessel will be located at the Elbehafen LNG project in Brunsbüttel operated by Deutsche Energy Terminal GmbH. The Elbehafen LNG project is developed by RWE and its subsidiary

HÖEGH LNG: Execution of binding Time Charter Contract for Höegh Esperanza with the Federal Government of Germany

Hamilton, Bermuda, 15 December 2022 – With referance to the stock exchange notice dated 5 May 2022 Höegh LNG Holdings Ltd. ("Höegh LNG") is pleased to announce that it has signed a binding 10-year Time Charter Contract with the German Federal Ministry for Economic Affairs and Climate Action (the “Charterer”). Höegh Esperanza is allocated to the contract. The vessel will be located in Wilhelmshaven and operated by Uniper acting as agent on behalf of the Charterer. President & CEO of Höegh LNG, Erik Nyheim, commented: “We are very pleased and honored to be signing the Time Charter Contract

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.

Höegh LNG: Acquisition of Höegh LNG Partners LP completed

HAMILTON, Bermuda, 23 September 2022 -- Höegh LNG Holdings Ltd. (“Höegh LNG”) announced today the completion of its previously announced acquisition of Höegh LNG Partners LP (NYSE: HMLP) (the “Partnership”), pursuant to which Höegh LNG acquired all of the outstanding common units of the Partnership (the “Common Units”) not already owned by Höegh LNG. The Partnership’s 8.75% Series A Cumulative Redeemable Preferred Units (the “Series A Preferred Units”) will remain outstanding. As a result of the completion of the acquisition, the Common Units will no longer be listed on any quotation

Höegh LNG: Merger agreement approved by Höegh LNG Partners LP common unitholders

HAMILTON, Bermuda, 20 September 2022 -- Höegh LNG Holdings Ltd. (“Höegh LNG”) announces that at a special meeting held today, the common unitholders of Höegh LNG Partners LP (NYSE: HMLP) (the “Partnership”) voted on and approved the Agreement and Plan of Merger (the “Merger Agreement”), dated as of 25 May 2022, by and among Höegh LNG, Hoegh LNG Merger Sub LLC, the Partnership and Höegh LNG GP LLC, and the merger contemplated thereby (the “Merger”). Pursuant to the Merger Agreement, Höegh LNG has agreed to acquire all of the outstanding common units of the Partnership (other than those held

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