Höegh LNG project update - PGN FSRU Lampung connected to the Tower Yoke Mooring System

The PGN FSRU Lampung project reached a significant milestone on 17 May when the installation and connection of the FSRU and the Tower Yoke Mooring System were finalized on site, 6 km offshore Lampung, Indonesia. The project will commence commercial operation under a 20 year time charter with PGN by the middle of June 2014.

Sveinung J.S. Støhle, President and CEO of Höegh LNG, stated: "We are proud to have a leading role in this pioneer project where a Tower Yoke Mooring System, which is part of Höegh LNG's scope, for the first time is used for an LNG import terminal. The construction of the FSRU and the Tower Yoke Mooring System have taken place in Korea and China and were completed on time and budget. This project restates Höegh LNG's ability to develop and deliver innovative, technological advanced and tailor-made solutions to our clients."

About Höegh LNG

Höegh LNG is a provider of floating LNG infrastructure services, offering regasification, transportation and production services under long-term contracts.  The company operates a fleet of four floating storage and regasification units (FSRUs) that act as floating LNG import terminals, and four LNG transportation vessels. In addition, Höegh LNG has two new FSRUs on order and has developed a solution for floating LNG production (FLNG).  Höegh LNG is a Bermuda based company with established presence in Oslo, Singapore, London, Tampa and Jakarta.  The company employs approximately 95 office staff and 350 seafarers.

Contacts:
Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402
Steffen Føreid, Chief Financial Officer, Telephone + 47 975 57 406
Birgitte Hjertum, VP Strategy and Investor Relations, Telephone +47 975 57 432

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.