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

Share this article

Follow LNG World News

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >