Hoegh LNG Partners LP Announces Pricing of Upsized Public Offering of 6,000,000 Common Units

HAMILTON, Bermuda, Dec. 1, 2016

The Partnership intends to use the net proceeds from the offering to fund the cash purchase price of its previously announced acquisition of a 51% ownership interest in the owner of the entities that own and operate the floating storage and regasification unit ("FSRU") Höegh Grace and for general partnership purposes.  The Partnership intends to use the net proceeds from any exercise of the underwriters' option to purchase additional common units for general partnership purposes, which may include the purchase of an additional ownership interest in the owner of the entities that own and operate the Höegh Grace. If the acquisition does not close, the Partnership will use the net proceeds from the offering for general partnership purposes.

Citigroup and Barclays are acting as the joint book-running managers in connection with the offering. In addition, DNB Markets, Fearnley Securities and Stifel are acting as the joint lead managers in connection with the offering.

The Partnership owns, operates and acquires FSRUs and associated LNG infrastructure assets under long-term charters.  The Partnership is structured as a master limited partnership. The Partnership's common units trade on the New York Stock Exchange under the symbol "HMLP."

When available, copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the Securities and Exchange Commission's website at http://www.sec.gov or from the joint book-running managers as follows:

Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (800) 831-9146

Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (888) 603-5847
Email: barclaysprospectus@broadridge.com