Höegh LNG - Taking delivery of the "PGN FSRU Lampung"
Höegh LNG Ltd took delivery of the "PGN FSRU Lampung", the first of the four newbuilt FSRUs that the company has ordered from Hyundai Heavy Industries Ltd (HHI), on April 17th. The "PGN FSRU Lampung" is currently sailing to Lampung in Indonesia to commence 20 years of operation for the Lampung FSRU project. The project is on schedule and is expected to commence operation in June 2014.
Sveinung J.S. Støhle, President and CEO of HLNG, stated: "We are delighted to have reached this important milestone together with HHI and Perusahaan Gas Negara (PGN) and we are pleased to be part of such an important element of Indonesia's energy infrastructure. We now have three FSRUs in our fleet and with three more on order, we continue to grow our position as the leading provider of floating regasification services from newbuilt FSRU's."
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 approximately 95 office staff and 350 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
Birgitte Hjertum, VP Strategy and Investor Relations, Telephone +47 975 57 432
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.