Hoegh LNG Partners is primed for a dropdown — but not for a few years.
The New York-listed limited partnership's chief executive Steffen Foreid said three of its sponsor's floating storage and regasification units (FSRU) are on contracts that expire either in 2020 or 2021.
"And that means that they go off their current interim contracts in a timely manner to be able to start-off on the FSRU projects that we currently are bidding on, because the FSRU projects that we currently are bidding on, they have a startup in mid-2020, 2021 period," Foreid told analysts on the company's fourth-quarter earnings call.
