- Strategic ownership change: Morgan Stanley Infrastructure Partners (MSIP) sells its 50% stake in Höegh Evi to Igneo Infrastructure Partners, while the Høegh Family retains their 50% ownership.
- Focus on clean energy transition: Höegh Evi is advancing hybrid Floating Storage and Regasification Units (FSRUs) to support LNG and hydrogen imports, aiming for the first hybrid units by 2028.
- Global energy security leadership: Höegh Evi continues to provide critical LNG regasification capacity, enhancing energy security for nations worldwide.
Morgan Stanley Infrastructure Partners (MSIP), part of Morgan Stanley Investment Management, has announced the sale of its 50% ownership stake in Höegh Evi Ltd. to funds managed by Igneo Infrastructure Partners. The remaining 50% ownership will stay with the Høegh Family, renowned for their leadership in the international shipping industry since 1927.
Höegh Evi, a leader in Floating Storage and Regasification Units (FSRUs) and Liquid Natural Gas Carrier (LNGC) vessels, has undergone significant transformation under MSIP’s stewardship. The company is now pioneering clean energy infrastructure, including floating solutions for Carbon Capture and Storage (CCS), ammonia, and hydrogen sectors.
“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.
Advancing the Energy Transition:
Höegh Evi rebranded from Höegh LNG in 2024, reflecting its evolution into a multi-energy infrastructure company. The company is on track to deliver the first hybrid FSRUs by 2028, enabling parallel imports of LNG and hydrogen. This innovation supports global energy supply security while transitioning from fossil fuels.
Key Milestones:
- 2021: Höegh LNG was delisted from the Oslo Stock Exchange.
- 2022: MSIP took the company’s subsidiary Höegh LNG Partners LP private from the New York Stock Exchange.
- 2024: Höegh LNG rebranded to Höegh Evi, signaling its clean energy focus.
“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.
This strategic sale positions Höegh Evi for continued growth in clean energy, ensuring its global leadership in both energy security and the transition to sustainable solutions.
Follow ESG News on LinkedIn