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:
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.
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.
The floating LNG (FLNG) segment is responsible for the marketing, building and operation of floating liquefaction plants for LNG.
The other segment consists of group management, finance, legal and other corporate services.
Adapted from press release by Callum O'Reilly
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