Höegh LNG orders new FSRU (Floating Storage and Regasification Unit)

Höegh LNG has, pursuant to a successful private placement, today exercised an option for a new FSRU to be built at Hyundai Heavy Industries Ltd. in Korea. The FSRU will be delivered in the second quarter of 2014, and its specifications will be adapted to comply with relevant project requirements.

Höegh LNG's President and CEO, Sveinung Støhle, says in a comment:

"With our two FSRUs on order allocated to specific projects in Indonesia and Lithuania, the Company continues focusing its growth plans at the floating regasification market, and is currently participating in several tender processes for additional FSRU projects. We have therefore decided to place an order for a third FSRU to be built at Hyundai. Our strategy to expand in the floating regasification market worldwide remains firm and we believe in strong continued growth in this segment."

About Höegh LNG:
Höegh LNG is a fully integrated floating LNG services company with almost 40 years of experience, offering long-term floating production, transportation, regasification and terminal solutions for the liquefied natural gas (LNG) market.
The Company operates a fleet of five LNG marine transportation vessels and two shuttle and regasification vessels (SRVs).  In addition to transporting LNG, the SRVs act as floating regasification terminals delivering natural gas to the market. The Company has with this announcement three floating storage and regasification vessels (FSRUs) on order at Hyundai Heavy Industries. The Company holds a significant project development portfolio for both floating regasification as well as floating LNG production (FLNG).
Headquartered in Oslo, Norway, Höegh LNG has established presence in Singapore, London and Florida. In total the Company employs about 70 office staff and about 350 sea farers.

Contacts
Sveinung Støhle, President and CEO +47 975 57 402
Steffen Føreid, CFO + 47 975 57 406
Arild Jæger, Investor Relations, Telephone +47 975 57 408

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.