Höegh LNG Sells LNG Libra to Chinese Company

Norway-headquartered Höegh LNG sold the LNG Libra (built in 1979) to a Chinese energy company for around USD 20 million. The delivery of the LNG carrier will happen once the vessel will complete its current charter with Gas Natural. 

Höegh LNG wrote in September 2014 that Gas Natural exercised its option to extend the charter period for additional 12 months, which means that that the LNG carrier will be delivered in Autumn. 

“LNG Libra was acquired to meet the bid conditions for a specific FSRU project as a conversion candidate, however, we succeeded in placing one of our newbuild FSRUs instead” Höegh LNG's President and Chief Executive Officer, Sveinung J. S. Støhle, said in a note released on Thursday.  

Höegh LNG owns and operates floating LNG import terminals. It committed to the FSRU and FLNG market, recently explaining that its focus is on new build FSRUs. 

“Since HLNG's main focus is newbuild FSRUs and these have become the preferred solution among LNG importers, LNG Libra is today a non-core asset, and therefore we are very pleased with having completed this transaction in a very challenging LNG shipping market” Støhle added.