Big LNG Vessel Bets Pay Off As Gas Imports Heat Up

Law360, New York (September 5, 2012, 8:45 PM EDT) -- A year ago, Norwegian energy contractor Hoegh LNG Holdings Ltd. made a big bet on the future of liquefied natural gas imports, putting in a speculative order for three massive storage and regasification ships from Hyundai Heavy Industries Co. Ltd. without a contract for their services in hand. 

Payday has arrived. On Monday, the company inked a contract for the last of the three with two Chilean power producers, Colbun SA and AES Gener SA. Since January, the Oslo-based fleet owner has signed agreements worth at...
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