Norway's Hoegh LNG Holdings has seen profit and revenue rise after settling contract compensation with Egypt Natural Gas Holdings Co (EGAS).
It said net earnings in the fourth quarter were $44.98m, up from $19.96m in the same period of 2017.
Revenue grew to $122.34m from $76.05m as it banked $34.7m from EGAS in recognition of remaining contractual commitments under a suspension and settlement agreement for the floating storage and regasification unit Hoegh Gallant (built 2014).
