Höegh LNG : Höegh LNG - Indonesia project update
An important milestone was reached at the keel laying of hull number 2548 at
Hyundai Heavy Industries in South Korea on 27 February 2013. The floating
storage and regasification unit (FSRU) being built will be used as a floating
LNG import terminal in Indonesia. The term of the contract with Perusahaan
Gas Negara is 20 years followed by two five year extension options.
The keel laying ceremony was attended by about 100 guests, including the Vice
Minister for Energy and Mineral Resources of the Republic of Indonesia, Susilo
Siswoutomo, the Chief Executive Officer of Perusahaan Gas Negara, Hendi Prio
Santoso, the President and Chief Operating Officer of Hyundai Heavy
Industries, Oi-Hyun Kim, and the President and Chief Executive Officer of
Höegh LNG, Sveinung J.S. Støhle.
"We are very pleased to have reached this important milestone for our project
with Perusahaan Gas Negara in Indonesia, and this confirms that the project
overall is on schedule to start operations in June 2014, fully in line with
our execution plans and on budget."
Sveinung J.S. Støhle
President and Chief Executive Officer
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 six LNG transportation vessels and
two floating storage and regasification units (FSRUs). In addition, Höegh LNG
has four 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 and Tampa. The Company employs about 80
office staff and about 350 sea farers.
Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone
Steffen Føreid, Chief Financial Officer, Telephone + 4797557406
Arild Jæger,Investor Relations, Telephone +4797557408
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Source: Höegh LNG via Thomson Reuters ONE
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