Höegh LNG : Executes 15 month time charter with Naturgy for FSRU #9

Hamilton, Bermuda, 5 September 2018 - Höegh LNG Holdings Ltd. (“Höegh LNG”) has entered into a time charter contract with Naturgy Energy Group S.A (“Naturgy”) for FSRU #9. The time charter commences in December 2018, immediately after the delivery of the unit and a positioning voyage from Hyundai Heavy Industries Co., Ltd. in South Korea, and has a term of 15 months. Under the contract, FSRU #9 will earn a fixed daily charter rate which is in line with the current medium-term market for DFDE LNG carriers.  

Sveinung J.S. Støhle, President and CEO of Höegh LNG comments. “We are pleased to further develop our strong relationship with Naturgy, a highly reputable and ambitious LNG portfolio player and a long-time business partner of Höegh LNG. This charter party will cover the period from delivery of FSRU #9 until planned start-up for prospective FSRU projects, and it further demonstrates once again the premium trading qualities of our FSRUs. Finally, from commencement of the contract Höegh LNG’s fleet will be fully employed”

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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 to be the industry leader of floating LNG solutions. Its strategy is to develop the business through an extended service offering, with large-scale FSRUs as the main product, and focus on establishing long-term contracts with attractive risk-adjusted returns involving credible counterparts. The company is publicly listed on the Oslo stock exchange under the ticker HLNG, and owns approximately 46% of Höegh LNG Partners LP (NYSE:HMLP). Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, South Korea, Indonesia, Lithuania, Egypt, Colombia and Turkey. The company employs approximately 125 office staff and 525 seafarers.

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
Erik Folkeson, VP IR and Strategy, Telephone +47 414 21 769

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.