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 five 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 regasification and transportation services, with in-house ship management based in Oslo. The two regasification vessels, GDF Suez Neptune and GDF Suez Cape Ann, serve GDF Suez's Neptune floating LNG terminal outside Boston in the 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 ordered three new regasification vessels to be built at Hyundai Heavy Industries in Korea for delivery in 2013 and 2014. The plan is to use the two first of these vessels for new floating LNG import terminals near Medan in Indonesia and in the port of Klaipeda in Lithuania.
The LNG carrier fleet currently consists of Norman Lady, Arctic Princess, Arctic Lady, Matthew and STX Frontier. A sixth carrier, LNG Libra, has been purchased with delivery in June/July 2012.
Höegh LNG has invested in a front-end engineering design of a floating LNG production and storage unit (FLNG) and is currently carrying out engineering work for specific gas fields.