Höegh LNG: Interim results for the quarter ended 30 September 2020

Hamilton, Bermuda, 19 November 2020 - Höegh LNG Holdings Ltd. ("Höegh LNG") today reports its financial results for the quarter ended 30 September 2020.

Highlights for the third quarter of 2020:

• EBITDA of USD 53 million
• Net loss of USD 2.6 million
• Stable operations despite challenging circumstances created by Covid-19
• Zero LTIs and 99.9% technical availability year to date

Subsequent events:

• Höegh LNG shortlisted for First Gen Corporation’s FSRU terminal in the Philippines
• AIE signed a lease for up to 25 years with NSW Ports for the Port Kembla Gas Terminal
• Tap issue in HLNG 04 and partial buyback of HLNG 03

The President and CEO of Höegh LNG Sveinung J.S. Støhle comments: “I am pleased to report that Höegh LNG delivers a quarter with stable operations, as shown by a technical availability of close to 100% and zero LTIs despite the challenging circumstances created by the Covid-19 pandemic. The business development activity level was high in the quarter, and important progress was made both on projects in the existing pipeline, but also on new potential projects.”

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Contacts: 

Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402 
Håvard Furu, Chief Financial Officer, Telephone +47 991 23 443
Knut Johan Arnholdt, VP IR and Strategy, Telephone +47 922 59 131

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 to be the industry leader of floating LNG solutions. Its strategy is to develop the business through an extended service offering, with large-scale FSRUs as the main product, and focus on establishing long-term contracts with attractive risk-adjusted returns involving credible counterparts. The company is publicly listed on the Oslo stock exchange under the ticker HLNG, 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 175 office staff and 600 seafarers.