Höegh LNG: 2023 Annual Report and Sustainability Report

19 Apr 2024 07:30 CEST

Hamilton, Bermuda 19 April 2024  - Höegh LNG Holdings Ltd. ("Höegh LNG") has
today published its 2023 Annual Report and 2023 Sustainability Report. Both
reports are available at hoeghlng.com (https://hoeghlng.com/home/default.aspx).

Strong performance driven by FSRU deliveries to Europe

In 2023, Höegh LNG delivered the highest net result in the company's history.
The strong performance was fuelled by successful delivery of critical LNG
infrastructure in Europe. The FSRU market is well positioned for continued
growth, driven by the build-out of more liquefaction capacity and growing
capacity of LNG carriers

Infrastructure solutions for the energy transition

Höegh LNG also launched a comprehensive clean energy strategy in 2023,
leveraging our expertise in floating terminals, liquid gas handling and marine
gas transportation to develop innovative solutions for clean energy imports. The
rapid shift towards clean energy creates significant opportunities for sustained
growth, and we are committed to playing a pivotal role in the energy
transition.

Commitment to sustainability

Höegh LNG has also published its Sustainability Report for 2023, showcasing the
company's continued commitment to sustainable operations and corporate
responsibility.

Highlights include:

· Achieving a perfect score of 100 on the GRESB rating
· Committing to reduce carbon emissions by 50% and operate first net zero
-carbon FSRUs by 2030

· Embracing the '40 by 30' initiative for 40% female leaders onshore
· Enacting a strategy to increase female seafarers to 10% by 2030
· Implementing new programs for safety, speak up and human rights

For more information:

Christine Corkery Steinsholt, Head of External Communications

christine.steinsholt@hoeghlng.com | +47 950 95 481



About Höegh LNG

Höegh LNG is a pioneer within maritime energy infrastructure, providing
countries and energy companies with rapid, flexible and cost-efficient access to
global energy markets. We are a leading innovator, owner and operator of
Floating Storage and Regasification Units (FSRUs) and LNG carriers (LNGCs). In
addition to providing energy security, our assets support the transition to
renewables by providing reliable access to lower carbon natural gas and a
flexible infrastructure solution for delivering carbon-free energy. Visit our
website at hoeghlng.com

More information:
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616193_HLNG_Annual_Report_2023.pdf
616193_hoeghlngholdingsltd_2023_12_31_en.zip
616193_240418_Hoegh_LNG_2023_Annual_Report_and_Sustainability_Report.pdf
616193_Ho_egh_LNG_Sustainability_Report_2023_web.pdf