Höegh LNG - Interim results for the quarter ended 30 June 2013

Highlights

- Total income USD 51.3 million, up from USD 32.3 million in the second quarter 2012

- Operating profit before depreciation USD 7.3 million, down from USD 9.7 million in the second quarter 2012

- Loss before tax USD 6.0 million, compared to a gain of USD 0.6 million in the second quarter 2012

- Commitment letters received from five international banks for a USD 299 million limited recourse facility for the debt financing of the floating storage and regasification unit and mooring system to be located in Lampung in Indonesia

- Time charter entered into with Gas Natural for LNG Libra

Subsequent Events

- Awarded a pre-FEED study for a jetty-moored Barge FLNG solution for a North American LNG export project

- Awarded a pre-FEED study for an offshore moored FLNG project in Asia


"We are very pleased to see our newbuilding programme proceeding according to schedule and on budget, with the first vessel now 87% complete.  We are also pleased to have been awarded two important engineering contracts for potential FLNG projects in North America and Asia."

Sveinung J.S. Støhle
President and Chief Executive Officer


Reference is made to Höegh LNG's interim report and presentation published on the Oslo Stock Exchange's www.newsweb.no and on www.hoeghlng.com.


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.