Höegh LNG - Awarded engineering studies for LNG FPSO
Höegh LNG Holdings Ltd. ("Höegh LNG") has entered into an agreement with a confidential client to initiate a project specific engineering and cost study for an LNG FPSO solution. The study is estimated to take 3 to 4 months, at which point a decision shall be made as to whether or not a full FEED study would be undertaken.
President and CEO, Sveinung J.S. Støhle, says:
"We are excited about initiating the study for an LNG FPSO to monetise the gas reserves. The study will be based on Höegh LNG's already developed design, and is the result of our continuous effort to promote technical and economical sound floating solutions for LNG production."
About Höegh LNG
The company operates a fleet of five LNG carriers and two floating storage and regasification units (FSRUs). In addition to transporting LNG, the FSRUs act as floating LNG import terminals delivering natural gas to the market. Höegh LNG has three FSRUs on order at Hyundai Heavy Industries. The company holds a significant project development portfolio for floating regasification as well as floating LNG production (FLNG).
Headquartered in Oslo, Norway, Höegh LNG has established presence in Singapore, London and Florida. In total the Company employs about 70 office staff and about 350 sea farers.
Contacts:
Sveinung Støhle, President and Chief Executive Officer, Telephone +47 975 57 402
Steffen Føreid, Chief Financial Officer, Telephone + 47 975 57 406
Arild Jæger, Head of Investor Relations, Telephone +47 975 57 408
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the Continuing Obligations of Oslo Børs.