Gas Natural Extends Charter Contract for LNG Libra

Höegh LNG Holdings Ltd. announced that Gas Natural has today exercised its option to extend the charter contract for 126,000 cubic meter LNG carrier, LNG Libra. The redelivery will take place by the end of 2014, the total charter period being around 13 months. 

In addition, Gas Natural has an option to extend the charter period with up to an additional 12 months to the end December 2015.

The EBITDA contribution to Höegh LNG for the extended period is around USD 8.7 million. If the option for further extension is exercised, this will contribute around USD 6.6 million to the EBITDA.

President and CEO Sveinung J.S. Støhle says in a comment: “We are very pleased that Gas Natural has extended the charter for LNG Libra and has indicated interest to charter the vessel until end 2015. We are looking forward to continue our good relationship with Gas Natural in the coming years, and this extension underlines the good relations with Gas Natural as well as Höegh LNG’s excellent performance record.”

Höegh LNG, November 13, 2013