LNG

Dec 31 (LNGJ) - Hoegh LNG Holdings Ltd, the Bermuda-based unit of Norwegian-listed LNG fleet operator and floating terminal developer Hough LNG, has wound up an investment vehicle in operation since 2006 and called Methane Ventures Limited. The MVL subsidiary was an investment company jointly owned by Hoegh senior executives with the purpose of investing in the parent company’s own shares. “In connection with the termination of the co-investment scheme, Hoegh LNG has acquired 529,000 shares in MVL from key employees,” the company said. Hoegh President and Chief Executive Sveinung J. S. Stohle, and four other executives transferred the shares. CEO Stohle alone disposed of 249,000 shares in MVL. “Following the transaction, Mr Stohle owns 134,738 common shares and 423,000 options in HLNG, and 7,968 common units and 20,996 units in Hoegh LNG Partners,” it added. The Hoegh shares were last priced at 65 Norwegian crowns (US$7.92) each.