Höegh LNG - Executes charter for LNG Libra with Gas Natural
Höegh LNG has executed a Time Charter with Gas Natural for LNG Libra.
The vessel is a 126,000 cubic meter LNG carrier with steam turbine propulsion scheduled to be delivered to Gas Natural in Trinidad end of May 2013, after having completed a scheduled dry docking in Brest, France.
The firm period of employment for the vessel is until mid-November 2013. Gas Natural has options to extend the charter period with up to 13 months.
The EBITDA contribution for Höegh LNG is expected to be between USD 2.6 million and USD 13 million, depending on when the vessel is redelivered to Höegh LNG.
President and CEO Sveinung J.S. Støhle says in a comment: "We are pleased to continue our good relationship with Gas Natural and to have entered into a new charter for LNG Libra in a challenging market."
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 and Tampa. The Company employs about 80 office staff and about 350 sea farers.
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.