Höegh LNG Holdings Ltd. is pleased to announce that it has entered into a binding commitment to supply H-Energy with an FSRU in Jaigarh from as early as first quarter 2021. Jaigarh is south of Mumbai in Maharashtra state, India. The final agreement will be for 10 years with annual termination options after year five. Höegh LNG will allocate one of its available FSRUs currently trading in the LNG carrier market for the project.

President and Chief Executive Officer Sveinung J.S. Støhle says: "We are delighted to have entered into a binding commitment with H-Energy for their new LNG import terminal in Jaigarh, India. The construction of H-Energy’s LNG import project is near to completion, positioning it as a timely gateway to one of the world’s highest growing LNG markets. The terminal will be the first of what we believe could be multiple FSRU based terminals in India."

About Höegh LNG

Höegh LNG operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's vision is to be the industry leader of floating LNG solutions. Its strategy is to develop the business through an extended service offering, with large-scale FSRUs as the main product, and focus on establishing long-term contracts with attractive risk-adjusted returns involving credible counterparts. The company is publicly listed on the Oslo stock exchange under the ticker HLNG, and owns approximately 46% of Höegh LNG Partners LP (NYSE:HMLP). Höegh LNG is a Bermuda based company with established presence in Norway, the Philippines, Singapore, the UK, USA, South Korea, Indonesia, Lithuania, Egypt, Colombia and Turkey. The company employs approximately 155 office staff and 525 seafarers.

About H-Energy

H-Energy Private Ltd. was established in the year 2009 with a vision to contribute to the economic growth of the country by offering world-class, environmentally safe and sustainable energy solutions.

H-Energy is currently developing LNG re-gasification terminals and cross-country pipelines on the west and east coast of India. H-Energy through its marketing arm is also offering end-to-end natural gas solutions including LNG sourcing, re-gasification facilities, downstream deliveries based on customer preference.