PGN's FSRU Lampung to Commence Operations Offshore Sumatra in Mid-June

Hoegh LNG, Norway's floating liquefied natural gas (LNG) services provider, revealed Monday that the PGN FSRU Lampung project for Indonesian gas distribution and transportation firm PT Perusahaan Gas Negara (PGN) reached a significant milestone May 17 when the installation and connection of the FSRU (floating storage and regasification unit) and the Tower Yoke Mooring System were finalized on site, 3.72 miles (6 kilometers) offshore Lampung, Sumatra, Indonesia. The project will commence commercial operation under a 20 year time charter with PGN by the middle of June 2014.

Sveinung J.S. Stohle, president and CEO of Hoegh LNG, stated: "We are proud to have a leading role in this pioneer project where a Tower Yoke Mooring System, which is part of Hoegh LNG's scope, for the first time is used for an LNG import terminal. The construction of the FSRU and the Tower Yoke Mooring System have taken place in Korea and China and were completed on time and budget. This project restates Hoegh LNG's ability to develop and deliver innovative, technological advanced and tailor-made solutions to our clients."

About Hoegh LNG

Hoegh LNG is a provider of floating LNG infrastructure services, offering regasification, transportation and production services under long-term contracts. The company operates a fleet of four floating storage and regasification units (FSRUs) that act as floating LNG import terminals, and four LNG transportation vessels. In addition, Hoegh LNG has two new FSRUs on order and has developed a solution for floating LNG production (FLNG). Hoegh LNG is a Bermuda based company with established presence in Oslo, Singapore, London, Tampa and Jakarta. The company employs approximately 95 office staff and 350 seafarers.


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