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Höegh LNG sells vessel to Chinese energy company

The Norwegian LNG carrier Höegh LNG has sold one of its three LNG vessels to a Chinese energy company.

Photo: Höegh LNG

Höegh LNG Holdings has divested one of its older LNG vessels, announces the company in a corporate statement to the Oslo Stock Exchange. A Chinese energy company has acquired the vessel for about USD 20 million and Höegh has received 15 percent of the amount. The remaining amount will be paid in the first quarter 2016 when the vessel named LNG Libra has completed its current charter contract for Gas Natural.

Höegh LNG acquired the vessels in order to live up to a specific FRSU project (floating storage regasification unit, but instead the company has managed to use one of its newly built FRSUs for the project, says CEO Sveinung J. S. Støhle in the statement.

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