Höegh LNG Partners L.P. Preferred Stock 8.75% Perpetual Series A (HMLPF)

Overview

Höegh LNG Holdings Ltd., established in 2006 and based in Oslo, Norway, is at the forefront of providing floating energy solutions globally. The company specializes in the operation and management of a diverse fleet that includes floating LNG import terminals, floating storage and regasification units (FSRUs), and LNG carriers (LNGCs). With a business model spread across four segments—HMLP, Operations, Business Development, and Project Execution—Höegh LNG strategically positions itself within the energy sector, leveraging its expertise in LNG transportation and storage to meet the growing demand for flexible and efficient LNG infrastructure solutions. As of May 4, 2021, Höegh LNG has transitioned to operate as a joint venture between Leif Höegh & Co AS and Morgan Stanley Infrastructure Inc., indicative of its significant role within the energy industry and its commitment to advancing LNG infrastructure development worldwide.

Products and Services

Höegh LNG Holdings Ltd. offers an array of specialized products and services designed to cater to the diverse needs of the global LNG market:

• Floating LNG Import Terminals: These facilities are a cornerstone of Höegh LNG's services, enabling countries to import LNG efficiently. The terminals facilitate the transfer of LNG from ships to onshore networks, providing a crucial link in the global LNG supply chain.
• Floating Storage and Regasification Units (FSRUs): FSRUs offer a flexible and efficient solution for the storage and regasification of LNG. These units play a pivotal role in ensuring the steady supply of natural gas to markets where traditional onshore facilities are not feasible or economical. Höegh LNG's fleet of FSRUs stands at the forefront of this technology, providing strategic storage capabilities and bridging the gap between LNG producers and consumers.
• LNG Carriers (LNGCs): The company's LNGCs are vital for transporting LNG across oceans, connecting LNG producers with markets globally. These vessels are equipped with state-of-the-art technology to ensure the safe and efficient movement of LNG.
• Acquisition of LNG Infrastructure Assets: Beyond its operational capabilities, Höegh LNG is actively involved in acquiring FSRUs, LNGCs, and other critical LNG infrastructure assets under long-term charters. This facet of their business underscores the company's commitment to expanding its footprint in the LNG supply chain and enhancing its service offerings.

In addition to these core offerings, Höegh LNG engages in a variety of supporting activities, including commercial and technical management, bareboat hiring, and project execution, further diversifying its service range and reinforcing its position as a comprehensive provider of LNG solutions.