Höegh LNG - New business segments from the third quarter 2013
Höegh LNG's financial reporting segment structure will be changed with effect from the third quarter 2013 to reflect the group's new organisation and management responsibilities. The new structure is in accordance with the group's internal financial reporting, and divided into the following four segments:
Commercial segment
The Commercial segment is responsible for the commercial management of the group's fleet of regasification and transportation vessels and tender activities for new regasification and transportation business.
Technical segment
The Technical segment is responsible for the technical management of the group's fleet of regasification and transportation vessels. The segment is also responsible for the delivery of new regasification and transportation projects. Upon delivery, the commercial management of such projects will be handed over to the Commercial segment.
FLNG
The floating liquefaction (FLNG) segment is responsible for the marketing, building and operation of floating liquefaction plants for LNG.
Other
The Other segment consists of group management, finance, legal and other corporate services.
For additional details and for restated segment reporting for the four last quarters, please see the enclosed document. The numbers will also be made available in an excel file to be published 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 two floating storage and regasification units (FSRUs) which act as floating LNG import terminals, and four LNG transportation vessels. 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 350 seafarers.
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, Vice President, Strategy and 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.