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Höegh LNG: Interim results for the quarter ended 30 September 2020

Thursday, 19 November 2020 | 21:00

Höegh LNG Holdings Ltd. today reports its financial results for the quarter ended 30 September 2020.

Highlights for the third quarter of 2020:

• EBITDA of USD 53 million
• Net loss of USD 2.6 million
• Stable operations despite challenging circumstances created by Covid-19
• Zero LTIs and 99.9% technical availability year to date

Subsequent events:

• Höegh LNG shortlisted for First Gen Corporation’s FSRU terminal in the Philippines
• AIE signed a lease for up to 25 years with NSW Ports for the Port Kembla Gas Terminal
• Tap issue in HLNG 04 and partial buyback of HLNG 03

The President and CEO of Höegh LNG Sveinung J.S. Støhle comments: “I am pleased to report that Höegh LNG delivers a quarter with stable operations, as shown by a technical availability of close to 100% and zero LTIs despite the challenging circumstances created by the Covid-19 pandemic. The business development activity level was high in the quarter, and important progress was made both on projects in the existing pipeline, but also on new potential projects.”
Source: Höegh LNG

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