Höegh Evi
- Company typePublic
- Founded1972
- HeadquartersHamilton, Bermuda
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
Höegh Evi firmographics
Firmographics- Name
- Höegh Evi
- Legal name
- Höegh Evi AS
- Website
- https://hoeghevi.com
- Company type
- Public
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Where Höegh Evi is headquartered
LocationHeadquarters
- HQ city
- Hamilton
- HQ country
- Bermuda
Offices2 records
Markets served
Höegh Evi business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain
Revenue model
- FSRU Time Charter Contracts: Long-term time charter agreements (typically 10 years) for floating storage and regasification units deployed to support national energy security. Revenue recognized over charter period with contractual payments.
- Terminal Infrastructure Services: LNG import terminal services including regasification capacity, storage, and send-out services for gas grid injection.
- Hydrogen Import Terminal Services: Future revenue from floating hydrogen terminals facilitating ammonia import and cracking to hydrogen for European industrial customers.
- CO2 Transport and Storage Services: Carbon capture and storage logistics including CO2 carrier transportation and permanent storage solutions for industrial emitters.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels4 records
Höegh Evi product offering
Product offeringCore offering
Höegh Evi provides floating energy infrastructure solutions, principally Floating Storage and Regasification Units (FSRUs) for LNG import, under long-term time charter contracts with governments and national energy companies. The company has expanded into clean energy infrastructure including floating ammonia-to-hydrogen crackers, next-generation LCO2 carriers, and CO2 logistics hubs for CCS services. It operates one of the world's largest FSRU fleets and delivers rapid, flexible, and relocatable terminal infrastructure to secure energy supply.
Product overview
Höegh Evi provides a portfolio of floating energy infrastructure solutions spanning LNG import, hydrogen/ammonia terminals, and carbon transport and storage. The core offering consists of Floating Storage and Regasification Units (FSRUs) for LNG import—Höegh Evi's historical foundation and one of the world's largest FSRU fleets—alongside LNG carriers. The clean energy expansion includes the world's first floating ammonia-to-hydrogen cracker, next-generation CO₂ carriers (with DNV AiP), and CO₂ logistics hubs. Active projects include Zeeland Energy Terminal (LNG, Netherlands with VTTI), hydrogen import terminals at Port-La Nouvelle (France) and Lubmin (Germany), the Stockholm Norvik Port CO₂ hub, and partnerships with SEFE for international hydrogen supply chains. The portfolio is unified by Höegh Evi's marine infrastructure expertise applied across energy vectors: natural gas (FSRUs), hydrogen (ammonia cracking terminals), and carbon (CCS transport and storage).
Differentiator
Problem solved
Functional benefit
Products and services
- Floating Storage and Regasification Units (FSRUs) Floating Storage and Regasification Units (FSRUs) provide rapid, flexible, and cost-efficient floating LNG import infrastructure, enabling countries and industrial customers to access global LNG markets without fixed terminal investments.
- LNG Carriers (LNGCs) LNG transport vessels for shipping liquefied natural gas globally, part of Höegh Evi's fleet with some vessels convertible to FSRUs.
- Floating Ammonia-to-Hydrogen Cracker World's first floating ammonia-to-hydrogen cracker, developed with Wärtsilä, with modular design for integration into hybrid FSRUs or dedicated floating hydrogen terminals and sendout capacity up to 210,000 tonnes of hydrogen annually.
- CO2 Shuttle Carriers / LCO2 Carriers Next-generation liquefied CO2 carriers designed for CCS value chains, offering up to 50,000 m³ liquid CO2 capacity and approved by DNV under the new CO2 RECOND class notation for CO2 handling and conditioning.
- CO2 Logistics Hub at Stockholm Norvik Port CO2 logistics hub at Stockholm Norvik Port, in collaboration with Aker BP and Ports of Stockholm, enabling carbon dioxide transport from industrial emitters in eastern Sweden to permanent offshore storage facilities.
- Zeeland Energy Terminal (ZET) FSRU-based LNG import terminal project in Vlissingen-Oost, Netherlands, developed jointly with VTTI, designated a Project of National Interest with 7.5 bcm/year send-out capacity and 180,000 m³ LNG storage, targeted for late-2029 operations.
- Hydrogen Import Terminal (Port-La Nouvelle, France) Floating hydrogen import terminal project at Port-La Nouvelle, France, in partnership with SEMOP and Teréga, targeting up to 210,000 tonnes of hydrogen per year by 2030 from Middle East, North Africa and the Americas.
- H2-Import-Terminal Lubmin (Germany) World's first floating green ammonia cracker terminal in Lubmin, Germany, developed with Deutsche ReGas, producing approximately 30,000 tonnes of hydrogen per year for feed into the German hydrogen core network.
- International Clean Hydrogen Supply Chains Partnership service with SEFE to develop international clean hydrogen supply chains covering ammonia sourcing, ship transport, floating import terminals with ammonia cracking, and delivery to the German hydrogen core grid.
- Carbon Transport and Storage (CCS) Solutions Comprehensive CCS offering developed with Aker BP for industrial CO2 emitters in Northern Europe, combining CO2 gathering, shuttle tanker transport, floating conditioning units, and subsea reservoir injection on the Norwegian Continental Shelf.
Quantifiable outcome
- FSRU Independence supplied nearly 16 billion cubic meters of natural gas to Lithuania with close to 500 ship-to-ship operations and zero safety incidents
- +3 more outcomes
Companies that use Höegh Evi
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Höegh Evi technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Höegh Evi partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and major.
- VTTIcoreVTTI and Höegh Evi are jointly developing the Zeeland Energy Terminal (ZET), a floating LNG import facility in the Netherlands. The project is designated a Project of National Interest and aims to enhance European energy resilience with 7.5 bcm/year send-out capacity and 180,000 m³ LNG storage, targeted for late 2029 operation.
- EGAS (Egyptian Natural Gas Holding Company)core10-year FSRU time charter agreement for deployment of Hoegh Gandria at Port of Sumed, Egypt. FSRU will supply up to 1,000 mmscf/day peak LNG regasification capacity supporting Egypt's role as energy hub in the Middle East.
- Ports of StockholmcoreCollaboration to establish CO2 logistics hub at Stockholm Norvik Port enabling carbon dioxide transport from industrial emitters in eastern Sweden to permanent storage facilities. Partnership continues the NICE (Norvik Infrastructure CCS East Sweden) feasibility study with detailed design phase underway.
- SEFE (Securing Energy for Europe)majorMoU to jointly develop international supply chains for clean hydrogen to Germany and Europe. SEFE manages upstream supply and downstream distribution including German hydrogen core grid; Höegh Evi provides floating import terminal infrastructure with ammonia-to-hydrogen cracking capability.
- SeatriummajorContract awarded to Seatrium for conversion of LNG carrier into Floating Storage Regasification Unit (FSRU) for deployment in Egypt. Engineering works began May 2025 with 18-month duration.
- KN EnergiescoreTransfer of FSRU Independence ownership to KN Energies and Lithuania completed. Höegh Evi continues as technical and operational operator of the vessel under 5-year contract with option to extend 5 more years.
- SEMOP Port-La NouvellemajorMoU to develop floating terminal for hydrogen imports in Port-La Nouvelle, France. Terminal will import up to 210,000 tonnes of hydrogen per year as early as 2030 from Middle East, North Africa, and Americas. Collaboration with HySoW Hydrogen project and Teréga gas pipeline operator.
- Deutsche ReGasmajorDevelopment of world's first floating green ammonia cracker for H2-Import-Terminal Lubmin in Germany. Deutsche ReGas provides on-shore infrastructure, permitting, and marketing while Höegh Evi provides floating ammonia cracking technology. Terminal will produce around 30,000 tonnes hydrogen annually.
- Aker BPcoreStrategic partnership to develop comprehensive carbon transport and storage (CCS) solutions for industrial CO2 emitters in Northern Europe. Höegh Evi leads CO2 shuttle tanker development while Aker BP provides offshore injection facilities and subsea storage reservoirs. DNV Approval in Principle received for next-generation 50,000 m³ LCO2 carrier with CO2 conditioning module.
- WärtsiläcoreJoint development of world's first floating ammonia-to-hydrogen cracker technology. Wärtsilä Gas Solutions contributed cracking technology for converting ammonia to hydrogen at industrial scale. Project received approximately EUR 5.9 million funding from Norwegian Government's green platform programme representing 50% of total budget.
Scale indicators8 records
Recent moves7 records
Expansion highlights7 records
Höegh Evi competitors and assessment
Company assessmentDirect peers
- BW LNG: Part of the BW Group, BW LNG is one of the world's largest FSRU operators, with a comparable fleet-size and charter book targeting the same floating regasification tenders in Europe, Asia and the Middle East as Höegh Evi.
- Golar LNG: Pioneer in FLNG (Hilli Episeyo) and FSRU operations and a long-standing competitor in floating LNG midstream infrastructure. Comparable scale, technology, and customer mix (utilities, sovereign offtakers) to Höegh Evi's FSRU franchise and the company's stated ambitions around Floating Liquefaction.
- Flex LNG: Oslo-listed pure-play LNG carrier operator with a fleet of large, modern LNG newbuilds engaged in multi-year time charters to international energy majors. Comparable revenue model (long-dated LNGC time charters) to a meaningful portion of Höegh Evi's fleet economics.
- Excelerate Energy: US-listed pure-play FSRU owner and operator that has competed head-to-head with Höegh Evi on tenders such as Germany's Elbehafen LNG and various other floating regasification projects. Business model (FSRU time charters to governments and utilities) and customer profile (national energy buyers) directly overlap Höegh Evi's core offering.
- Cool Company (CoolCo): Oslo-listed LNG carrier owner that previously sold the Golar Seal (renamed Höegh Gandria) to Höegh Evi. Directly comparable business model — managing a fleet of modern LNG carriers with options for FSRU conversion — competing for the same LNG shipping and conversion opportunities.
- Dynagas LNG Partners: NYSE-listed LNG shipping MLP with a fleet of LNG carriers on multi-year charters to energy majors (including Russian projects). Overlaps with Höegh Evi's LNG carrier business and FSRU-conversion optionality in vessel selection.
Emerging players
- Northern Lights JV: CCS joint venture (Equinor, Shell, TotalEnergies) operating the open-source CO2 storage reservoir on the Norwegian Continental Shelf that underpins the Aker BP partnership behind Höegh Evi's LCO2 carrier and CO2 logistics hub. Direct counterpart on the CCS value chain Höegh Evi is building.
- SBM Offshore: Amsterdam-listed floating production solutions provider, including FPSO vessels for offshore oil & gas. Comparable maritime engineering, EPCI project execution, and long-term operating contracts; Bruno Chabas, ex-CEO of SBM Offshore, recently joined Höegh Evi's board, signaling a strategic adjacency.
Broad incumbents
- New Fortress Energy: US-listed developer of LNG import, regasification and power infrastructure with a fast-growing portfolio of FLNG/FSRU assets. Overlaps Höegh Evi on floating LNG infrastructure and time-charter economics, but is more integrated downstream into power generation.
Regional players
- Pavilion Energy: Singapore-based LNG trading and infrastructure company (Temasek-backed) operating LNG carriers and small-scale FSRU/FSU projects in Asia. Comparable floating LNG franchise but primarily Asia-focused, making it an adjacency rather than direct competitor to Höegh Evi's European/Baltic/MENA book.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Höegh Evi social profiles
Digital presenceHöegh Evi compliance and trust
Trust signalCompliance7 records
Höegh Evi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Höegh Evi leadership team
Management profileNumber of profiles
Profiles19 records
Höegh Evi subsidiaries and ownership
Company hierarchySubsidiaries2 records
Höegh Evi funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Höegh Evi M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Höegh Evi
What does Höegh Evi do?
Höegh Evi provides floating energy infrastructure solutions, principally Floating Storage and Regasification Units (FSRUs) for LNG import, under long-term time charter contracts with governments and national energy companies. The company has expanded into clean energy infrastructure including floating ammonia-to-hydrogen crackers, next-generation LCO2 carriers, and CO2 logistics hubs for CCS services. It operates one of the world's largest FSRU fleets and delivers rapid, flexible, and relocatable terminal infrastructure to secure energy supply.
Is Höegh Evi a public or private company?
Höegh Evi is a public company. It is classified as public and is currently operating.
When was Höegh Evi founded?
Höegh Evi was founded in 1972. It employs 501 to 1,000 people.
Where is Höegh Evi based?
Höegh Evi is headquartered in Hamilton, Bermuda.
How does Höegh Evi make money?
Four revenue lines are on record. FSRU Time Charter Contracts are the primary driver. The others are terminal Infrastructure Services, hydrogen Import Terminal Services and CO2 Transport and Storage Services.
Who are Höegh Evi's main competitors?
Direct peers on record are BW LNG, Golar LNG, Flex LNG, Excelerate Energy, Cool Company (CoolCo) and Dynagas LNG Partners. Emerging players are Northern Lights JV and SBM Offshore. New Fortress Energy is listed as a broad incumbent. Pavilion Energy is listed as a regional player.
Does Höegh Evi have an API?
No public API is recorded for Höegh Evi.