Morgan Stanley Infrastructure Partners sells Höegh Evi stake

Höegh Evi is one of the leading owner-operators of Floating Storage and Regasification Units (FSRUs) and Liquid Natural Gas Carrier (LNGC) vessels globally. MSIP and the Høegh Family undertook a strategic realignment of Höegh Evi to enable its transition to provisioning clean energy infrastructure assets. Höegh Evi initiated the development of floating solutions for Carbon Capture and Storage (CCS), ammonia and hydrogen segments. Notably, the company is on track to convert to the first hybrid FSRUs by 2028, enabling parallel imports of LNG and hydrogen, providing customers the flexibility to ensure supply security and affordability during the transition away from fossil fuels. In September 2024, the company rebranded itself from Höegh LNG to Höegh Evi (Energy Vector Infrastructure) in recognition of its role in both the energy transition and a multi-energy source environment.

“Since acquisition, we have worked with Höegh Evi to further strengthen its position as a leader in the FSRU market, providing essential long-term LNG regasification capacity and enhancing critical energy security for countries around the world,” said Alberto Donzelli, Managing Director and Co-Head of Europe for MSIP.

In partnership with the Høegh Family, a prominent Norwegian family that has pioneered the international shipping industry since 1927, MSIP successfully de-listed the company from the Oslo Stock Exchange in May 2021 and took private the previously partially owned subsidiary Höegh LNG Partners LP from the New York Stock Exchange in September 2022.

“Höegh Evi is another example of how MSIP’s ability to partner and collaborate with family shareholders provides differentiated sourcing capabilities that can create substantial value for our investors,” said Markus Hottenrott, Chief Investment Officer for MSIP.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/13122024/morgan-stanley-infrastructure-partners-sells-hegh-evi-stake/