Höegh LNG: Interim results for the quarter and year ended 31 December 2023
2024-02-28 08:00:18
Hamilton, Bermuda, 28 February 2024 - Höegh LNG Holdings Ltd. ("Höegh LNG")
today reports its interim financial results for the quarter and year ended 31
December 2023. The group reported an EBITDA of USD 78 million for the fourth
quarter of 2023, compared to USD 89 million for the preceding quarter.
In the fourth quarter, Höegh LNG completed the refinancing of Hoegh Gannet and
entered into partnership with VTTI B.V to develop a new energy terminal in or
near the port of Vlissingen in the Netherlands. In addition, the charterer of
Höegh Grace waived its termination option in 2026, which means that Höegh Grace
will continue its employment in Colombia at least until 2031.
Subsequent to the quarter end, Hoegh Galleon was successfully refinanced and the
group has extended its USD 100 million corporate credit facility until January
2025. As previously announced, Höegh LNG has also signed a settlement agreement
with the charterer of PGN FSRU Lampung, resulting in a withdrawal of the pending
arbitration proceedings.