Höegh LNG: FSRU contract with AIE in Australia confirmed

Hamilton, Bermuda, 24 June 2022 - Höegh LNG Holdings Ltd. ("Höegh LNG") announces that Australian Industrial Energy (“AIE”) has lifted its final subjects for the FSRU contract which was signed by Höegh LNG and AIE in 2021. The FSRU contract with AIE has a term of 15 years with early termination options for AIE after year 5 and 10. AIE is entitled to time the start-up of the contract between 2023 and 2025, depending on AIE’s requirements.  

President & CEO of Höegh LNG, Thor Jørgen Guttormsen, commented: “We are very pleased that the FSRU contract with AIE has been confirmed and we look forward to working with AIE.”

Contacts:

Thor Jørgen Guttormsen, President and CEO, Telephone +47 400 39 888

Håvard Furu, Chief Financial Officer, Telephone +47 991 23 443

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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 "Enabling the transition to Clean Energy". The company is owned by Larus Holding Limited, a 50/50 joint venture between Leif Höegh & Co. Ltd.  and Funds managed by Morgan Stanley Infrastructure Partners, 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, China, Indonesia, Lithuania, Egypt, Colombia and the Philippines. The group employs approximately 180 office staff and 680 seafarers. Please see: www.hoeghlng.com