Höegh LNG, with its almost 40 year track record, delivers high quality services with no compromise on reliability and safety. Höegh LNG's core product for LNG transportation is services based on long-term contracts with first class energy companies. Attractive business opportunities, also those not necessarily linked to long-term charters, are continuously being explored and considered.
All of the Group's existing LNG carriers (owned, chartered in and under management) are chartered out on long-term charter parties to first class energy companies. Norman Lady is currently operating under a time charter with Gas Natural which has been extended for a period until 3Q 2013 with an option period for further two more years (2015). Arctic Princess and Arctic Lady are both servicing the Snøhvit project located in the Barents Sea off the coast of Northern Norway, under time charters to Statoil and Total, respectively. The charters expire in 2026. STX Frontier is chartered from STX Pan Ocean and re-let on a time charter to Repsol until 2013. Höegh LNG has an option to purchase the vessel at the end of the charter. The regasification vessels GDF Suez Neptune and GDF Suez Cape Ann serve under long-term contracts to GDF Suez. The latter vessel will be operating as an FSRU in Tianjin, China, from 1st half of 2013. In addition Höegh LNG has the ship management of the 1979 built LNG carrier Matthew on behalf of GDF Suez. In July 2012 Höegh LNG purchased the LNG Libra from Mitsui O.S.K. Lines Ltd. and chartered the vessel to the NWS Project in Australia.