Höegh LNG announces Interim results for the quarter ended 30 June 2014
Höegh LNG announces Interim results for the quarter ended 30 June 2014, the company said in its press release.
Total income USD 32.3 million, down from USD 42.7 million in the second quarter 2013
Operating profit before depreciation negative USD 0.3 million, an improvement from negative USD 2.4 million in the second quarter 2013
Loss before tax USD 8.3 million, compared to a loss of USD 6.0 million in the second quarter 2013
PGN FSRU Lampung delivered from the yard and connected to the offshore mooring system in Indonesia
FSRU Independence delivered from the yard and offered for short term employment prior to commencing the long term FSRU time charter with Klaipedos Nafta in Lithuania during the fourth quarter 2014
Letter of Intent signed with Egyptian Natural Gas Holding Company for a 5 year contract for FSRU Höegh Gallant
The Senior Secured Credit Facility for the financing of Höegh Gallant and FSRU #4 increased to USD 412 million and signed
Subsequent Events
PGN FSRU Lampung commenced commercial operation, received its first cargo of LNG through a ship-to-ship transfer and entered the final commissioning phase
FSRU Independence commenced operations under a short term time charter
On 23 July 2014, Höegh FLNG entered into a revised and exclusive co-operation agreement with the owner of a North American barge based FLNG project, setting out a phased approach in developing the project
On 12 August 2014, Höegh LNG Partners LP, a limited partnership formed by Höegh LNG Holdings Ltd., closed the initial public offering of 11,040,000 common units in the partnership raising USD 220.8 million in gross proceeds. The units began trading at the New York Stock Exchange (NYSE) on 7 August 2014 under the ticker "HMLP"
