Hoegh LNG has completed the dropdown of one of its vessels to its New York-listed MLP.
Oslo-quoted Hoegh LNG’s 51% interest in the 170,000-cbm FSRU Hoegh Grace (built 2016) has been transferred to Hoegh LNG Partners, a statement this morning confirmed.
The deal was first announced alongside an equity offering for the MLP in December and met a pledge from chief executive Sveinung Stohle in the autumn.
