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Höegh extends time charter for LNG Libra

LNG Industry,

Gas Natural has extended the charter period of LNG Libra, a 126 000 m3 LNG carrier, for a further 12 months. In November last year, Höegh LNG chartered LNG Libra to Gas Natural until the end of 2014, with the option for extension. Redelivery is now scheduled for the year-end 2015.

The EBITDA contribution to Höegh LNG for the extended period is in the region of US$ 6.9 million.

President and CEO Sveinung J. S. Støhle said: "We are very pleased that Gas Natural has extended the charter for LNG Libra and we are looking forward to continuing our good relations with our client. The extension underlines our excellent operating performance and Höegh LNG's ability to secure employment for LNG carriers even at times of challenging market conditions."

Adapted from press releaseby Ted Monroe

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