LNG

Feb 10 (LNGJ) - Höegh LNG Holdings has signed a new loan facility agreement with a group of banks to refinance the “Höegh Esperanza” and “Hoegh Gannet” floating storage and regasification (FSRU) units employed on long-term contracts in Germany.

   Höegh’s new loan facility agreement is for a total of $685 million and for 10 years and will be used to repay existing loan facilities and for general corporate purposes “We are very pleased to secure an attractive, long-term finance for these two FSRUs with a strong group of international banks,” said Håvard Furu, the Chief Financial Officer of Höegh LNG.

Höegh LNG Holdings, the leading floating storage and regasification unit (FSRU) operator with 10 modern vessels, said LNG continues to be a growth market and recent events in Ukraine had put energy on top of the agenda in Europe with increased interest in FSRUs.

Dec 3 (LNGJ) - Hoegh LNG Holdings named Havard Furu as its new Chief Financial Officer, effective from March 2019. The interim CFO, Steffen Foreid, will step down from March while continuing his role as Chief Executive and CFO of the US unit, Hoegh LNG Partners. New CFO Furu occupied the same role at law firm Wikborg Rein. Before that he was CFO in Western Bulk in the period from 2009 to 2017 and was formerly employed by BW Gas as Assistant Director Strategy and Finance. “We are very pleased to welcome Havard to the Hoegh LNG team, as he brings with him very broad financial experience covering all relevant segments of the CFO role,” said Sveinung J.S. Stohle, President and CEO of Hoegh LNG.