Hoegh LNG extends option agreements with HHI for two FSRUs

Höegh  LNG  Holdings  Ltd.  ("Höegh  LNG"  or  the "Company", ticker "HLNG") has extended  its option agreements with Hyundai Heavy Industries Co. Ltd. (HHI) for the  delivery of  two FSRUs  that were  to expire  by mid December 2011 and mid January  2012, respectively, the Company press release said.

Both  option  agreements  are now valid into first quarter  2012. The Company's third and fourth option agreements are not affected by this agreement.


Höegh LNG is a fully integrated floating LNG services company with almost 40 years experience, offering long-term floating production, transportation, regasification and terminal solutions for the liquefied natural gas (LNG) market.  The Company operates a fleet of five LNG marine transportation vessels and two shuttle and regasification vessels (SRVs).  In addition to transporting LNG, the SRVs act as floating regasification terminals delivering natural gas to
the market.

The Company holds a significant project development portfolio for both floating regasification as well as floating LNG production (FLNG).  Headquartered in Oslo, Norway, Höegh LNG has established presence in Singapore, London and Florida. In total the Company employs about 70 office staff and about 350 sea farers.