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December 10, 2009

Delivery of the Shuttle and Regasification Vessel "GDF SUEZ NEPTUNE"

Tokyo - The first shuttle and regasification vessel (SRV) co-owned by Höegh LNG (President: Sveinung Støhle ) and Mitsui O.S.K. Lines, Ltd. (MOL, headquarters: Tokyo; President: Akimitsu Ashida) was completed at Samsung Heavy Industries in South Korea, and was delivered to the GDF Suez group on November 30, 2009. It will serve on a long-term charter contract between the parties.

- GDF SUEZ NEPTUNE is the first of two SRVs which was constructed in order to provide LNG transportation services to the Neptune LNG Deep Water Port off the coast of Gloucester, Massachusetts, USA - to be commissioned in early 2010 - as well as other GDF SUEZ's projects around the world.

- GDF SUEZ NEPTUNE received the "Green Passport" from Det Norske Veritas (DNV) certifying the environmental considerations taken when constructing, operating and ultimately disposing of the vessel.

The vessel, which is the first SRV owned by the Japanese shipping company, is a part of Mitsui O.S.K. Line's strategy of satisfying the diversified needs of the market by providing a broad range of LNG transportation services.

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