Höegh LNG announces new business segments
Published by Callum O'Reilly,
Senior Editor
LNG Industry,
Höegh LNG has announced changes to its financial reporting segment structure with effect from the third quarter 2013. The new structure, which reflects the group’s new organisation and management responsibilities, will be divided into the following four segments:
Commercial segment
The commercial segment will be responsible for the commercial management of the group’s fleet of regasification and transportation vessels and tender activities for new regasification and transportation business.
Technical segment
The technical segment is responsible for the technical management of the group’s fleet of regasification and transportation vessels. The segment is also responsible for the delivery of new regasification and transportation projects. Upon delivery, the commercial management of such projects will be handed over to the commercial segment.
FLNG
The floating LNG (FLNG) segment is responsible for the marketing, building and operation of floating liquefaction plants for LNG.
Other
The other segment consists of group management, finance, legal and other corporate services.
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/08112013/hoegh_lng_announces_new_business_segments_407/
You might also like
IEEFA: EU combined gas and LNG imports fall due to reduced demand
EU measures to reduce gas demand have driven a decline in the bloc’s combined imports of pipeline gas and LNG, according to a new data tracking tool published by the Institute for Energy Economics and Financial Analysis.
