Goldman Sachs trims stake in Hoegh LNG Partners

FSRU Höegh Gallant (Image courtesy of Höegh LNG)

Goldman Sachs cut its position in Höegh LNG Partners, the U.S.-listed partnership formed by Norway’s Höegh LNG.

According to a filing with the Securities and Exchange Commission, the U.S. investment bank slashed its stake in Höegh LNG Partners from 18.2 percent to 10.4 percent.

Goldman Sachs now holds 1.99 million shares in Höegh LNG Partners, the filling shows. The bank had 2.39 million shares in the limited partnership at the end of 2015.

Höegh LNG Partners’ fleet currently consists of five floating storage and regasification units (FSRUs) that operate under long-term charters with major energy companies or utilities, according to the company’s website.

Shares of Höegh LNG Partners have been rising steadily during the last year and closed at $19 per unit on Wednesday.

 

LNG World News Staff

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