February 6, 2024
Hamilton, Bermuda, 5 February 2024 – With reference to the previously disclosed disputes and pending arbitrations with the charterer of PGN FSRU Lampung, Höegh LNG is pleased to announce that the parties have entered into an amicable settlement by which the parties have agreed to finally and irrevocably settle all of the disputes, claims and counterclaims between the parties that gave rise to the said arbitration proceedings and agreed to terminate the arbitrations with immediate effect. The charter contract for PGN FSRU Lampung remains in full force and effect and each party will cover its own costs in relation to the terminated arbitrations.
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Contacts:
Erik Nyheim, President and CEO, Telephone +47 926 59 949
Håvard Furu, Chief Financial Officer, Telephone +47 991 23 443
About Höegh LNG:
Höegh LNG is a pioneer within maritime energy infrastructure, providing countries and energy companies with rapid, flexible and cost-efficient access to global energy markets. We are a leading innovator, owner and operator of Floating Storage and Regasification Units (FSRUs) and LNG carriers (LNGCs). In addition to providing energy security, our assets support the transition to renewables by providing reliable access to lower carbon natural gas and a flexible infrastructure solution for delivering carbon-free energy. Visit our website at hoeghlng.com.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the Continuing Obligations of Oslo Børs.