Höegh Evi

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

Headquarters

HQ city

Hamilton

HQ country

Bermuda

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain

Revenue model

1. 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.
2. Terminal Infrastructure Services: LNG import terminal services including regasification capacity, storage, and send-out services for gas grid injection.
3. Hydrogen Import Terminal Services: Future revenue from floating hydrogen terminals facilitating ammonia import and cracking to hydrogen for European industrial customers.
4. 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

Core 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

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and major.

• VTTIcoreStrategic or Co-development Partner · 29 January 2026VTTI 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)coreChannel Partner/ Reseller/ Distributor · 12 May 202510-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 StockholmcoreStrategic or Co-development Partner · 1 May 2025Collaboration 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)majorStrategic or Co-development Partner · 20 January 2025MoU 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.
• SeatriummajorImplementation/ SI/ Consulting Partner · 19 January 2025Contract 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 EnergiescoreImplementation/ SI/ Consulting Partner · 6 December 2024Transfer 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 NouvellemajorStrategic or Co-development Partner · 5 November 2024MoU 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 ReGasmajorStrategic or Co-development Partner · 28 June 2024Development 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 or Co-development Partner · 4 September 2023Strategic 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.
• WärtsiläcoreTechnology or Integration · 13 April 2023Joint 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

Direct 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

• LinkedInlinkedin.com/company/hoegh-evi

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Höegh Evi