Höegh LNG - Awarded FLNG pre-FEED study by Asian national oil company

Höegh LNG has signed a contract with an Asia based national oil company to conduct pre-FEED engineering work for an offshore floating LNG facility (FLNG) with 2 million tonnes per annum production capacity. The work will be finalised in the first quarter of 2014. Provided that the conclusion of the engineering work is positive, the intention of the client is to execute a full front-end engineering design (FEED) in the first half of 2014.

Höegh LNG's President and CEO, Sveinung J.S. Støhle, says in a comment: "We are pleased to have been awarded this contract, which is the second significant pre-FEED contract awarded to Höegh LNG in the last months. This award further underscores Höegh LNG's ability to compete for development of FLNG projects worldwide and shows that our FLNG capabilities and design expertise are recognised in the marketplace."


About Höegh LNG

Höegh LNG is a provider of floating LNG infrastructure services, offering regasification, transportation and production services under long-term contracts.  The company operates a fleet of six LNG transportation vessels and two floating storage and regasification units (FSRUs). In addition, Höegh LNG has four new FSRUs on order and has developed a solution for floating LNG production (FLNG).  Höegh LNG is a Bermuda based company with established presence in Oslo, Singapore, London, Tampa and Jakarta.  The Company employs about 85 office staff and about 350 sea farers.

Contacts:

Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402
Steffen Føreid, Chief Financial Officer, Telephone + 47 975 57 406
Arild Jæger, 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.