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Hoegh LNG reports Q4 revenue 

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LNG Industry,

Reuters are reporting that Hoegh LNG Partners LP has reported preliminary financial results for the quarter ended 31 December 2016.

Q4 revenue stands at US$23.3 million.

Hoegh LNG Partners LP reported total time charter revenues of US$23.3 million for Q4 in 2016 compared to US$23.4 million of time charter revenues for Q4 in 2015.

Unscheduled repairs and maintenance during Q1 2017 on Höegh Gallant reduced operating income by the equivalent of approximately 5 days of offhire.

Hoegh LNG Partners LP intends to recommend that the board consider an increase in quarterly cash distribution of about 4 – 5% with respect to the quarter ending 31 March 2017.

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