Höegh LNG definition

Höegh LNG has the meaning set forth in the opening paragraph of this Agreement.
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Höegh LNG means Höegh LNG Holdings Ltd.
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Examples of Höegh LNG in a sentence

  • Höegh LNG provides various management services to the group’s joint venture companies and receives management income from external joint venture partners related to technical, commercial and administrative services.

  • In the event of a formal challenge by HMRC regarding the lessors’ right to claim capital allowances under the Arctic Leases, this would lead to higher rental payments to the UK vessel lessors, which would have a negative effect on the earnings of the lessee companies and consequently on Höegh LNG.

  • Any internal revenues or expenses are presented net.HMLPThe segment includes the activities in Höegh LNG Partners LP, which is a limited partnership listed on the New York Stock Exchange.

  • The statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including examination of historical operating trends made by the management of Höegh LNG.

  • Höegh LNG Partners’ fleet comprises ownership interests in five FSRUs, namely (i) a 50% interest in Neptune,(ii) a 50% interest in Cape Ann, (iii) a 100% interest in PGN FSRU Lampung, (iv) a 100% interest in Höegh Gallant and (v) a 100% interest in Höegh Grace.OperationsThe segment is responsible for the commercial and technical management of the group’s operational FSRUs and LNGCs which have not been transferred to Höegh LNG Partners LP.

  • Unless legally required, Höegh LNG undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.

  • Five of the FSRUs are in Höegh LNG Partners’ fleet, and the remaining in Höegh LNG Holdings’ fleet.

  • Höegh LNG and the other major owner guarantee the performance and payment obligations of the joint ventures under the time charters.

  • Höegh LNG provides various management services to the Group’s joint venture companies and receives management income from external joint venture partners related to technical, commercial and administrative services.

  • The sales contract granted HMLP an option to lease the vessel back to Höegh LNG Ltd from the date of termination or expiry of the lease and maintenance agreement (LMA) until 31 July 2025 (with no option to extend) at a rate equal to 90% of the daily LMA rate plus any incremental taxes or operating expenses as a result of such a charter.

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