Delfin LNG Announces Strategic Partnership with Höegh LNG

Delfin LNG LLC (“Delfin LNG”) announced the signing of a Joint Development Agreement with Höegh LNG Ltd (“Höegh LNG”) (Oslo Børs:HLNG) in relation to its US-based Delfin Liquefied Natural Gas Deepwater Port Project (the “Project”). The Project is a planned floating liquefaction, deepwater port designed to export liquefied natural gas (“LNG”) from the Gulf of Mexico, and is positioned to be the first floating deepwater liquefaction project in the United States.

“We are very pleased to be teaming with Höegh LNG, a world class partner in floating liquefaction, on the Delfin LNG Project” said Frederick Jones, President of Delfin. “In an unpredictable and dynamic energy market, floating liquefaction is an extremely attractive option for both producers and customers. Floating liquefaction is environmentally friendly, cost competitive, economical with limited scale, moveable in the event of a hurricane, and has a shorter and more efficient schedule relative to an onshore plant. Furthermore, in the event global energy markets drastically change in the coming decades a floating liquefaction plant can be deployed in alternate locations, which provides floating liquefaction vessel owners the flexibility to be in a position to serve a more diverse pool of customers with shorter duration contracts.”

Sveinung J.S. Støhle, CEO and President in Höegh LNG, commented “We are very pleased to have reached this agreement with Delfin LNG for a project that satisfies all the necessary criteria in Höegh LNG’s FLNG strategy; a credit worthy counterparty, pipeline specification gas from the U.S. market and a regulatory scheme which the company is very familiar with.”

Höegh LNG will act as a co-owner, owner’s engineer and operator of the floating liquefaction vessels.

About Delfin LNG LLC:

Delfin LNG LLC is currently developing the Delfin LNG Deepwater Port Project, a floating liquefaction and export facility to be located in the Gulf of Mexico. As planned, the Delfin LNG Project consists of onshore gas compression facilities, a 42-inch pipeline to transport natural gas offshore, and a deepwater port with four moorings and four floating liquefaction vessels. Subject to regulatory approval, the Project will be constructed in phases and will have an ultimate LNG send out capacity of 13 million metric tonnes per annum. Further information is available at www.delfinlng.com.

About Höegh LNG:

Höegh LNG Holdings Ltd. (Oslo Børs symbol: HLNG) provides floating energy solutions and operates world-wide with a leading position as owner and operator of floating LNG import terminals, FSRUs. The Company has developed low-cost solutions for floating liquefaction terminals (FLNG) and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's vision is to be the leading provider of floating LNG solutions and the strategy is to continue to focus its growth plans on the FSRU and the FLNG market, with the objective of securing long-term contracts with strong counterparts at attractive returns. Höegh LNG is a Bermuda based company with established presence in Oslo, Singapore, London, Miami, Jakarta and Klaipeda. The Company employs approximately 95 office staff and 500 seafarers. Further information is available at www.hoeghlng.com.

Höegh LNG is affiliated with Höegh LNG Partners LP (NYSE symbol: HMLP), a growth-oriented limited partnership formed by Höegh LNG Holdings Ltd. HMLP's strategy is to own, operate and acquire FSRUs, LNG carriers and other LNG infrastructure assets under long-term charters. Its current fleet consists of interests in three modern FSRUs.

Contacts:

Media :
Sard Verbinnen & Co
Dan Gagnier, 212-687-8080

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