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2014-05-12

Höegh LNG: Höegh LNG - Taking delivery of the FSRU "Independence"

Höegh LNG has taken delivery of the "Independence", the second of the four
newbuilt FSRUs that the Company has ordered from Hyundai Heavy Industries Ltd
(HHI), on May 12. The "Independence" is under a long term charter to
Klaipedos Nafta in Lithuania, which will commence no later than by the end of
the year. In the interim, the Company will deploy the unit in the short term
LNG market.

Sveinung J.S. Støhle, President and CEO of HLNG, stated: "We are proud to have
reached this significant milestone together with Klaipedos Nafta and HHI and
expanded our current fleet of FSRUs to four vessels. The "Independence"
represents the most advanced and efficient FSRU in the market, and plays a
key role in giving Lithuania the energy infrastructure necessary to diversify
its sources of natural gas".
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 432This 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.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Höegh LNG via Globenewswire

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