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Hoegh LNG Holdings Ltd (HLNGH.OL)

HLNGH.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Hoegh LNG Holdings: Main owner Leif Höegh & co. Ltd. buys 250,000
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Hoegh Lng Holdings Ltd :‍Leif Höegh & co. Ltd. ("LHC"), a primary insider of Höegh Lng, purchased 250,000 common shares in company on 21 November 2017 for a price of nok 63.375 per share.Following the above transaction, Leif Höegh & Co. Ltd., which is indirectly controlled by Leif O. Høegh and by family trusts under which Morten W. Høegh is a primary beneficiary, holds a total of 32,479,953 shares, representing 42.0 pct of the shares in the Company and 311,591 common units in Höegh LNG Partners LP ("HMLP")​.  Full Article

Baupost sold 200,000 Hoegh LNG shares on behalf of clients
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Hoegh LNG Holdings Ltd :‍baupost group sold 200,000 shares in hoegh lng holdings ltd on behalf of several clients​.‍baupost acts as discretionary investment adviser to its clients, and is authorized to exercise voting rights attached to shares under management on a discretionary basis.Following the transaction, the aggregate shareholding in HLNG over which Baupost is authorized to exercise voting rights on a discretionary basis is below 5 pct​.  Full Article

Hoegh LNG: Primary insider buys 250,000 shares in company at NOK 61.75 per share​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Hoegh Lng Holdings Ltd :‍Leif Höegh & Co. ltd, a primary insider of Höegh LNG, purchased 250,000 common shares in company on 20 november 2017 for a price of nok 61.75 per share.Following the above transaction, Leif Höegh & Co. Ltd., which is indirectly controlled by Leif O. Høegh and by family trusts under which Morten W. Høegh is the primary beneficiary, holds a total of 32,229,953 shares, representing 41.7% of the shares in the Company and 311,591 common units in Höegh LNG Partners LP.​.  Full Article

Hoegh LNG sold remaining 49 pct Grace stake for $172.5 mln
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Hoegh Lng Holdings Ltd :agreement to transfer the remaining 49% ownership interest in Höegh LNG Colombia Holding Ltd. ("Grace Holding"), the sole owner of the entities that own and operate Hoegh Grace, to Hoegh LNG Partners LP for a purchase price of USD 172.5 million, less USD 86.6 million in pro-rata indebtedness related to Hoegh Grace expected to be outstanding at the closing date of the transaction.  Full Article

Hoegh LNG Partners Lp agrees to buy remaining 49 pct interest in the FSRU Hoegh Grace
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Hoegh Lng Partners Lp -:HOEGH LNG PARTNERS LP AGREES TO ACQUIRE REMAINING 49% INTEREST IN THE FSRU HÖEGH GRACE.‍PURCHASE PRICE FOR ACQUISITION WILL BE $85.9 MILLION​.CO INTENDS TO SETTLE PURCHASE PRICE WITH COMBINATION OF CASH AND DRAWING UNDER ITS EXISTING REVOLVING CREDIT FACILITY​.HOEGH LNG PARTNERS LP - ANTICIPATES RECOMMENDING TO BOARD DISTRIBUTION INCREASE WITH RESPECT TO QUARTER ENDING MARCH 31, 2018 TO REFLECT ACQUISITION​.‍BOARD OF DIRECTORS OF PARTNERSHIP AND CONFLICTS COMMITTEE HAVE APPROVED ACQUISITION AND PURCHASE PRICE​.  Full Article

Hoegh LNG Holdings Q3 misses forecast due one-off provision
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Hoegh Lng Holdings Ltd :Hoegh lng q3 ebitda $‍31.6​ million (reuters poll $38.2 million).‍ebitda of usd 31.6 million, or usd 40.6 million adjusted for non-recurring items​.Hoegh lng q3 result after tax $‍1.1​ million.‍profit after tax of usd 1.1 million, or usd 10.8 million adjusted for non-recurring items​.Hoegh lng declares dividend of $‍0.125​ per share (reuters poll $0.125).‍activity in fsru and lngc markets is high​.‍remain confident that we will secure additional long term contracts to supplement our current backlog and fleet employment​.‍we are further pleased to see that strong financial platform of höegh lng is facilitating further diversification of debt and equity funding sources supporting growth of company​.Hoegh lng q3 operating result $20.4‍​ million (reuters poll $27.2 million).Provision made with regards to performance guarantees on neptune and gdf suez cape ann relating to the initial years when they were operated as lng carriers‍​.Confident it will reach its goal of having 12 fsrus in operation or under construction by 2019.Well positioned to take advantage of further growth opportunities‍​.  Full Article

Wartsila wins order from Hoegh LNG
Thursday, 25 Aug 2016 

Wartsila Oyj Abp : Says has been contracted to supply the re-gasification system for an FSRU (Floating, Storage, Re-gasification Unit) conversion project for Hoegh LNG vessel .Says delivery is scheduled for autumn 2017.  Full Article

Hoegh LNG Q2 EBITDA as expected
Thursday, 25 Aug 2016 

: Hoegh LNG Q2 EBITDA $27.0 mln (Reuters poll $26.7 mln) . Hoegh LNG Q2 net result $3.5 mln (reuters poll $2.6 mln) . Pays dividend of $0.10 per share for Q2 2016 . Declares dividend of $0.10 per share Q3 2016 . Says had 99 pct technical availability in Q2 2016 . To capture additional business opportunities in 2017 and 2018, Höegh LNG has ordered critical equipment for our first FSRU conversion project which will have a potential delivery date late 2017/early 2018 (announced in a separate press release yesterday) . Höegh Grace is on schedule to commence commercial operations in the fourth quarter, after which the vessel is available for a potential drop down to Höegh LNG Partners LP assuming the MLP market is available Further company coverage: [HLNGH.OL] (Reporting By Joachim Dagenborg) ((joachim.dagenborg@thomsonreuters.com;)).  Full Article

Norwegian Hoegh LNG's Q1 core earnings broadly in line with forecast
Friday, 27 May 2016 

Hoegh LNG : Q1 EBITDA $26.6 million (Reuters poll $27.8 million) vs $24.6 million in Q1 2015 . Q1 net result $6.3 million (Reuters poll $3.8 million) vs $4.0 million in Q1 2015 . Says operational track creates a solid foundation for delivering on the group’s FRSU growth plan 12 FRSUs in operations and/or under construction by 2019 . Says dividend of $0.10 per share declared for Q2 of 2016 . Says improved utilisation of all the FRSUs in fleet confirms that the increase in lng supply has strengthened the FSRU market fundamentals . Says the lngc market remains oversupplied, and expects it to remain weak for the next two to three years . CEO Sveinung Stoehle says: "The average regasification flow rate on Höegh LNG's FSRU fleet has almost tripled compared with the same quarter last year. This clearly demonstrates that demand for LNG into new markets continues to increase, and we observe the same effect for our FSRU services, since Höegh LNG is currently pursuing three fast-track FSRU projects that all have a start-up that matches the delivery of FSRU#7 in March 2017." . Höegh LNG will consider various capital sources for future growth prospects and select the alternative it considers most accretive to its shareholders . Höegh LNG remains committed to its equity funding strategy, says equity portion for one additional FSRU at hand and strong access to additional funding sources.  Full Article

BRIEF-Hoegh LNG Holdings: Main owner Leif Höegh & co. Ltd. buys 250,000

* ‍Leif Höegh & co. Ltd. ("LHC"), a primary insider of Höegh Lng, purchased 250,000 common shares in company on 21 November 2017 for a price of nok 63.375 per share