HÖEGH LNG: Two FSRU contracts in Germany

Hamilton, Bermuda, 5 May 2022 - Höegh LNG Holdings Ltd. ("Höegh LNG") announces it has signed binding implementation agreements with the German Federal Ministry for Economic Affairs and Climate Action to charter out two FSRUs from its fleet for operations in Germany for 10 years. The detailed FSRU contracts are scheduled to be completed by September/October, and FSRU operations are expected to commence at the end of this year.  

President and CEO of Höegh LNG, Thor Jørgen Guttormsen, commented: “We are very pleased and honored to be selected by the German government to support Germany’s security of energy supply with two of our modern, large-capacity FSRUs.”

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