Höegh LNG Holdings reported an EBITDA of $75m for the second quarter of 2024, down from $79m in the preceding quarter.
For the first half of 2024, the company reported total income of $258.8m and EBITDA of $153.9m, which compares with $264.2m and $170.6m respectively for the same period of 2023.
The quarterly EBITDA drop was primarily attributed to positioning and project cost for Hoegh Galleon before starting operations in Egypt – it completed commissioning in June – as well as lower income from Hoegh Gandria.
In the second quarter, Hoegh Giant completed its commissioning for FSRU operations in Brazil. Furthermore, Höegh LNG and AIE announced an interim FSRU deployment of Hoegh Galleon with EGAS in Egypt for a period of about 20 months, after which the FSRU is expected to be deployed to AIE’s LNG terminal currently under construction at Port Kembla, Australia.
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