Vision
Höegh LNG's vision is to become one of the world's leading providers of floating LNG services.
Mission
Höegh LNG's mission is to develop, manage and operate the group's assets to the highest technical and commercial standards, thereby maximising benefits to customers, owners and employees.
Core values
Our core values are to be innovative, competent, committed and reliable.
Background
Höegh LNG is a pioneer in LNG transportation with almost 40 years of experience dating back to the delivery of Norman Lady in 1973. Höegh LNG is a fully integrated ship-owning company offering long-term floating production, transportation, regasification and terminal solutions for Liquefied Natural Gas (LNG). The company operates a fleet of two regasification vessels and six LNG carriers. In addition to transporting LNG, the regasification vessels act as floating LNG import terminals while delivering the natural gas to the market. With a strong emphasis on technological development and operational excellence, Höegh LNG is one of the LNG shipping companies with the most versatile operational experience and substantial know-how, in addition to an impeccable safety record.
Höegh LNG's core products are LNG transportation and regasification services, with in-house ship management based in Oslo. The two regasification vessels, GDF Suez Neptune and GDF Suez Cape Ann, which are chartered on long-term basis to GDF Suez enabling the charterers to import LNG through the Neptune floating LNG terminal outside Boston, USA, by connecting to a submerged turret loading system and sending natural gas through a subsea pipeline to the grid. In 2011 and 2012 Höegh LNG has ordered four new regasification vessels (FSRUs) to be built at Hyundai Heavy Industries in South Korea for delivery in 2014 and 2015. The first three of these vessels are to be used for new floating LNG import terminals in Indonesia, Lithuania and Chile. The fourth FSRU is being offered to potential new LNG import projects.
The LNG carrier fleet currently consists of Norman Lady, Arctic Princess, Arctic Lady, Matthew, STX Frontier and LNG Libra.
Höegh LNG has invested in a front-end engineering design of a floating LNG production and storage unit (FLNG).