Hamilton, Bermuda 1 April 2020 - Höegh LNG Holdings Ltd. ("Höegh LNG" or "the
company") advices that its subsidiary, Höegh LNG Ltd., has applied for an LNG
infrastructure ownership, operations and development license in Cyprus.

To diversify Cyprus' energy mix to reach new emission targets for the country's
power production, Cyprus needs to replace the consumption of refined oil
products with cleaner LNG as fuel. The plan consists of using one of Höegh LNG's
FSRUs as a fast track solution for the required fuel switching, thereby reducing
air emissions, cutting EU emission taxes, enabling savings on fuel costs and
reducing electricity price per KWh for local consumers.

The FSRU can stay on location as a bridging solution or for an extended period
serving different customers on Cyprus as well as bulk breaking and delivering
LNG to other customers in the Mediterranean.

For this planned project, Höegh LNG is working together with VTT Vasiliko Ltd.
("VTTV" - a VTTI Group Company) and H4E GasFuel Ltd. VTTV owns an existing jetty
in the Vasilikos Port, at close proximity to the country's power plants, that
can be adapted for the FSRU terminal. Subject to the licence being granted,
Höegh LNG expects to be able to start LNG import operations during H1 2021.

Sveinung J. S. Støhle, CEO & President of Höegh LNG states: "This planned
project is part of Höegh LNG's strategy to secure new FSRU contracts for our
assets. Even at this early stage I am very pleased with the progress we have
made with our local partners VTTV and H4E Gas Fuel to offer a fast track LNG
import solution for the Cypriot energy market."



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Contacts:
Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975
57 402
Håvard Furu, Chief Financial Officer, Telephone +47 991 23 443
Knut Johan Arnholdt, VP IR and Strategy, Telephone +47 922 59 131

About Höegh LNG:
Höegh LNG operates world-wide with a leading position as owner and operator of
floating LNG import terminals; floating storage and regasification units
(FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs).
Höegh LNG's vision is to be the industry leader of floating LNG solutions. Its
strategy is to develop the business through an extended service offering, with
large-scale FSRUs as the main product, and focus on establishing long-term
contracts with attractive risk-adjusted returns involving credible counterparts.
The company is publicly listed on the Oslo stock exchange under the ticker HLNG,
and owns approximately 46% of Höegh LNG Partners LP (NYSE:HMLP). Höegh LNG is a
Bermuda based company with established presence in Norway, Singapore, the UK,
USA, China, Indonesia, Lithuania, Egypt, Colombia and the Philippines. The group
employs approximately 175 office staff and 600 seafarers.