Edition:
United Kingdom

Hoegh LNG Holdings Ltd (HLNGH.OL)

HLNGH.OL on Oslo Stock Exchange

32.35NOK
16 Aug 2019
Change (% chg)

kr0.65 (+2.05%)
Prev Close
kr31.70
Open
kr31.35
Day's High
kr32.65
Day's Low
kr30.25
Volume
39,978
Avg. Vol
57,682
52-wk High
kr48.55
52-wk Low
kr29.95

Latest Key Developments (Source: Significant Developments)

Hoegh LNG Holdings: Primary Insider Buys 28,500 Common Shares
Thursday, 6 Jun 2019 

June 6 (Reuters) - Hoegh LNG Holdings Ltd ::LEIF HÖEGH & CO. LTD. PURCHASED 28,500 COMMON SHARES IN CO ON 6 JUNE 2019 FOR NOK 33.35 PER SHARE FROM BROMPTON CROSS VIII.FOLLOWING ABOVE TRANSACTIONS, LHC HOLD A TOTAL OF 34,126,023 SHARES, REPRESENTING 44.17% OF SHARES IN COMPANY.. BROMPTON CROSS IX LIMITED HOLDS 28,500 HOEGH LNG SHARES IN COMPANY, REPRESENTING 0.04% OF SHARES IN ISSUE..  Full Article

Höegh LNG Q1 EBITDA Up At USD 55.9 Million
Wednesday, 29 May 2019 

May 29 (Reuters) - Hoegh LNG Holdings Ltd ::HÖEGH LNG: INTERIM RESULTS FOR THE QUARTER ENDED 31 MARCH 2019.DIVIDEND OF USD 0.025 PER SHARE DECLARED FOR Q2 OF 2019.Q1 EBITDA OF USD 55.9 MILLION.Q1 NET PROFIT OF USD 4.5 MILLION.OPERATING RESULTS IN THE SECOND QUARTER OF 2019 ARE LIKELY TO BE AFFECTED BY FEWER DAYS IN FSRU MODE FOR HÖEGH ESPERANZA, SINCE IT WILL SERVE AS AN LNGC FOR CNOOC ON FIXED TERMS DURING THE SUMMER MONTHS.Q1 2018: EBITDA $38.1 MILLION, NET PROFIT $13.2 MILLION.  Full Article

Hoegh LNG Q4 EBITDA beats forecast, helped by one-off
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Hoegh LNG Holdings Ltd ::HOEGH LNG Q4 EBITDA $81.4 MILLION (REUTERS POLL $50.0 MILLION).HOEGH LNG Q4 NET RESULT $45.0 MILLION (REUTERS POLL $7.9 MILLION).EBITDA OF USD 81.4 MILLION, INCLUDING USD 34.7 MILLION IN RECOGNITION OF REMAINING PAYMENTS FROM EGAS UNDER AMENDED CONTRACT STRUCTURE FOR HÖEGH GALLANT.HOEGH LNG DECLARES DIVIDEND OF $0.025 PER SHARE (REUTERS POLL $0.03).OPERATING RESULTS IN THE FIRST QUARTER OF 2019 ARE LIKELY TO BE POSITIVELY AFFECTED BY HÖEGH ESPERANZA OPERATING IN FSRU MODE FOR THE FULL QUARTER, A FULL QUARTER OF REVENUE CONTRIBUTION FROM HÖEGH GANNET AND THE IMPLEMENTATION OF IFRS 16.POSITIVE ELEMENTS IN Q1 2019 WILL BE PARTLY OFFSET BY OPERATING EXPENSES AND DEPRECIATION FOR HÖEGH GANNET, ACCELERATED DEPRECIATION OF INDEPENDENCE AND THE ELIMINATION OF REVENUE EARNED UNDER THE SUSPENSION AND SETTLEMENT AGREEMENT WITH EGAS.FSRU #10 TO BE DELIVERED FROM SAMSUNG HEAVY INDUSTRIES BY MID-2019 IS EXPECTED TO BE EMPLOYED IN THE LNGC SHORT-TERM MARKET FOR A LIMITED PERIOD.HÖEGH LNG REMAINS INVOLVED IN THE FINAL BIDDING ROUND FOR ONE ADDITIONAL TENDER PROCESS.THE GROUP IS INVOLVED IN SEVERAL ADDITIONAL SELECTION AND TENDER PROCESSES AT VARIOUS STAGES OF DEVELOPMENT.CHINA REMAINS A KEY FOCUS AREA SINCE ADDITIONAL REGASIFICATION CAPACITY IS DEEMED NECESSARY TO MEET INCREASING DEMAND FOR NATURAL GAS FOR THE CHINESE MARKET.  Full Article

Hoegh LNG wins contract in Australia
Friday, 21 Dec 2018 

Dec 21 (Reuters) - Hoegh LNG Holdings Ltd ::HÖEGH LNG : HÖEGH LNG SELECTED AS THE FSRU PROVIDER TO AGL'S CRIB POINT.CHARTER IS FOR A PERIOD OF 10 YEARS AND REMAINS CONDITIONAL ON BOARD OF DIRECTORS OF AGL ENERGY LTD. TAKING A FINAL INVESTMENT DECISION IN RELATION TO PROJECT AND RECEIPT BY CHARTERER OF KEY ENVIRONMENTAL PROJECT APPROVALS..FSRU ASSIGNED TO PROJECT IS EXPECTED TO GENERATE ANNUAL EBITDA OF BETWEEN USD 29 MILLION AND USD 31 MILLION DEPENDING ON PLANNED TECHNICAL MODIFICATIONS THAT MAY BE SPECIFIED BY AGL BEFORE PROJECT START-UP..  Full Article

Hoegh LNG takes delivery of 9th FSRU vessel
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Hoegh LNG Holdings Ltd ::HÖEGH LNG : DELIVERY OF FSRU NUMBER NINE, "HÖEGH GANNET".TODAY TOOK DELIVERY OF HÖEGH GANNET, ITS NINTH FLOATING STORAGE AND REGASIFICATION UNIT (FSRU).GANNET IS PART OF HLNG'S ONGOING TENDER PROCESSES FOR FSRU PROJECTS WITH SCHEDULED START-UP IN 2019-21 PERIOD.FOR INTERIM PERIOD BETWEEN DELIVERY AND START-UP UNDER A LONG-TERM CONTRACT IT WILL SERVE AN LNGC CHARTER WITH NATURGY, WHICH STARTS IMMEDIATELY AFTER POSITIONING VOYAGE FROM SHIPYARD.THIS INTERIM CONTRACT RUNS FOR 15 MONTHS, UNDER WHICH HÖEGH GANNET WILL EARN A FIXED DAYRATE IN LINE WITH HISTORICAL MEDIUM TERM LNGC MARKET.GANNET HAS REGASIFICATION CAPACITY OF 1 BCF PER DAY AND STORAGE CAPACITY OF 170 000 CBM OF LNG, COMBINED MAKING IT LARGEST FSRU BUILT BY CAPACITY.  Full Article

Hoegh LNG Appoints new CFO
Monday, 3 Dec 2018 

Dec 3 (Reuters) - Hoegh LNG Holdings Ltd ::APPOINTMENT OF NEW CFO.HÅVARD FURU IS APPOINTED AS NEW CHIEF FINANCIAL OFFICER (CFO) OF HÖEGH LNG AS EFFECTIVE 1 MARCH 2019.INTERIM CFO, STEFFEN FØREID, WILL STEP DOWN EFFECTIVE 1 MARCH 2019 AND WILL FROM THEN CONTINUE IN HIS ROLE AS CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER OF HÖEGH LNG PARTNERS LP.HÅVARD FURU COMES FROM POSITION AS CFO OF LAW FIRM WIKBORG REIN.  Full Article

Hoegh LNG says Esperanza starts commissioning for China FSRU operations
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Hoegh LNG Holdings Ltd ::HÖEGH ESPERANZA COMMISSIONING FOR FSRU OPERATIONS IN TIANJIN, CHINA.HÖEGH ESPERANZA HAS ARRIVED AT TIANJIN LNG TERMINAL IN CHINA AND HAS STARTED COMMISSIONING FOR FSRU OPERATIONS.WITH AN ANTICIPATED ANNUALISED EBITDA CONTRIBUTION WHEN IN FSRU MODE OF APPROXIMATELY USD 33 MILLION.FSRU HÖEGH ESPERANZA WAS DELIVERED FROM HYUNDAI HEAVY INDUSTRIES IN APRIL 2018 AND ENTERED CONTRACT WITH CNOOC IN JUNE 2018.FOLLOWING AN AGGRESSIVE COAL-TO-GAS SWITCH, CHINA'S LNG IMPORTS LOOK TO INCREASE BY ALMOST 50% IN 2018.POTENTIAL FOR FURTHER INCREASES IN LNG IMPORTS REMAINS SIGNIFICANT.  Full Article

Hoegh LNG CEO says dividend cut is temporary
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Hoegh Lng Holdings Ltd ::HOEGH LNG CEO SAYS DIVIDEND CUT IS TEMPORARY, WILL BE REVIEWED WHEN CUSTOMERS MAKE FIRMER COMMITMENT TO TAKE ON VESSELS THAT ARE UNDER CONSTRUCTION.FIRST QUARTER DIVIDEND IS CUT TO $0.025 PER SHARE FROM $0.125 IN Q4 .HOEGH LNG CEO SAYS PRIORITY IS TO SECURE CONTRACTS FOR UNIT NUMBER 8, 9 AND 10 UNDER CONSTRUCTION, WE ARE IN SEVERAL ADVANCED DISCUSSIONS.HOEGH LNG CEO SAYS CAN'T BE MORE SPECIFIC ON TIMING OF ANY CONTRACTS, ADDS TENDERS UNDER WAY IN EUROPE SOUTH AMERICA, MIDDLE EAST.HOEGH LNG CFO: PLAN IS TO REFINANCE UNSECURED DEBT IN THE NORDIC HIGH-YIELD BOND MARKET.  Full Article

Hoegh LNG cuts dividend, focus on securing new contracts
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Hoegh Lng Holdings Ltd ::HOEGH LNG Q4 EBITDA $‍43.0​ MILLION (REUTERS POLL $39 MILLION).HOEGH LNG DECLARES DIVIDEND OF $‍0.025​ PER SHARE (REUTERS POLL $0.13) VS $0.125 PER SHARE IN PREVIOUS QUARTER.HOEGH LNG Q4 RESULT AFTER TAX $‍20​ MILLION (REUTERS POLL $4.5 MILLION).‍BOARD OF DIRECTORS HAS DECIDED IT PRUDENT TO REDUCE DIVIDEND PAYMENTS IN ORDER TO OPTIMISE OUR EQUITY CAPITAL TOWARDS SUSTAINABLE LONG-TERM VALUE CREATION​.OUR BUSINESS DEVELOPMENT ACTIVITY REMAINS FOCUSED ON SECURING LONG TERM CONTRACTS FOR OUR FSRUS UNDER CONSTRUCTION, AND HERE WE ARE IN ADVANCED STAGES IN SEVERAL TENDERS WITH NEAR TERM DECISION POINTS​.‍WE CONTINUE TO SEE VALUE IN PROVISION OF DIVIDENDS TO OUR SHAREHOLDERS, AND DIVIDEND AMOUNT IS SUBJECT TO RE-EVALUATION AS WE FIRM UP NEW CONTRACTS​.HOEGH LNG Q4 OPERATING RESULT $‍​31.7 MILLION (REUTERS POLL $27.7 MILLION).HÖEGH LNG’S ATTENTION IS FOCUSED ON ESTABLISHING LONG-TERM EMPLOYMENT ON BINDING TERMS FOR THE THREE NEWBUILDINGS STILL UNDER CONSTRUCTION‍​.  Full Article

Hoegh LNG terminates FSRU deal, hopes for alternative employment
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Hoegh Lng Holdings Ltd :Termination of fsru charter agreement with Global Energy Infrastructure.‍As explained in its q3 2017 financial report issued 16 november 2017, Hoegh lng has considered its options under contract with GEI​.‍Concluded to terminate fsru charter agreement signed 15 december 2016​.‍Hoegh lng is involved in several ongoing processes for alternative employment for fsru number 9, which was originally intended for the GEI project.‍Remains optimistic that firm fsru employment will be in place before delivery end 2018​.  Full Article