Höegh LNG: Interim results for the quarter and first half ended 30 June 2024

Hamilton, Bermuda, 21 August 2024 - Höegh LNG Holdings Ltd. ("Höegh LNG") today reports its interim financial results for the quarter and first half ended 30 June 2024. The group reported an EBITDA of USD 75 million for the second quarter of 2024, compared to USD 79 million for the preceding quarter.

In the second quarter, Hoegh Giant completed its commissioning for FSRU operations in Brazil. Furthermore, Höegh LNG and AIE announced an interim FSRU deployment of Hoegh Galleon with EGAS in Egypt for a period of about 20 months, after which the FSRU is expected to be deployed to AIE’s LNG terminal currently under construction at Port Kembla, Australia. Hoegh Galleon arrived in Egypt and completed its commissioning in June.   

Höegh LNG continues to develop its clean energy business. In June, Höegh LNG and Deutsche ReGas signed an MOU to develop a floating hydrogen import terminal in the German port of Lubmin. The terminal will be the world’s first floating green ammonia cracker, producing around 30 000 tonnes of hydrogen per year.