Höegh LNG begins divestment strategy

Norwegian LNG carrier Höegh LNG has made its first deal with strategical partnership to secure financing for the expansion of the fleet of FRSUs.

Photo: Höegh LNG

Höegh LNG has taken the first step in the strategy aimed at ensuring that the carrier, going forward, can continue to order expensive FRSUs (floating storage regasification unit). The Norwegian LNG carrier recently entered into a deal with Höegh LNG Partners LP, a financial tool listed on the New York Stock Exchange and which the holding company launched last year.

Höegh LNG has now closed a deal to sell the FRSU Höegh Gallant to HMLP for USD 370 million, the company announces. Sveinung J.S. Støhle, CEO of Höegh LNG, is pleased and notes that this is the first divestment for the holding company to HLMP.

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