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Höegh LNG will invest fresh capital in new tonnage

Norwegian Höegh LNG has raised USD 100 million through a share issue, which the company plans to invest in FRSU newbuildings, among other things.

Photo: Höegh LNG

With USD 100 million in fresh capital in the pocket, Höegh LNG has, according to the carrier, expanded its ownership circle, increased the free flow of the share and further strengthened its financial position, says the company in a corporate statement to the Oslo Stock Exchange after Höegh LNG completed a share issue.

In the statement, Höegh LNG informs that the capital injection provides the company with the resources to pursue its growth strategy, which aims to become one of the world's leading providers of floating LNG services.

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