Shares in Höegh LNG Partners plunge 60 percent as dividend slashed over Indonesian FSRU issue
Höegh LNG Partners, the US affiliate of Höegh LNG Holdings now partnered with the infrastructure unit of US investment bank Morgan Stanley, has seen its shares plunge over 60 percent after the dividend was slashed.
Hoegh LNG benefits from China FSRU charter and is in tenders for four other projects
Hoegh LNG, the Norwegian fleet owner, posted a rise in third-quarter net income and higher revenues from new floating storage and regasification unit (FSRU) charters, while it was in the final round of tenders for four other projects.
Egypt on track to halt LNG imports as natural gas production is ramped in East Med field
Egypt is on track to halt LNG imports by year-end as natural gas production was ramped up at its large-scale discovery in the East Mediterranean, about 180 kilometres offshore from Port Said and in waters of 1,500 metres in depth.
Myanmar expects to begin LNG imports by 2020 to support three gas-fired power projects
Myanmar is expected to begin importing liquefied natural gas by 2020 using floating storage and regasification units to supply three gas-fired power plants already under development.
