(Bloomberg) -- The owners of Höegh LNG Holdings are exploring a potential sale of the operator of floating liquefied natural gas terminals, people familiar with the matter said. 

Morgan Stanley Infrastructure Partners and Oslo-based Leif Höegh & Co. are speaking with an adviser about a range of strategic options for the company, according to the people. 

MSIP and Leif Höegh own the company through a joint venture called Larus Holding Ltd. In 2023, Höegh LNG reported earnings before interest, taxes, depreciation and amortization of about $338.1 million. 

Deliberations are ongoing and there’s no certainty they’ll result in a transaction, the people said, asking not to be identified discussing confidential information. 

A representative for Morgan Stanley declined to comment, while a spokesperson for Leif Höegh didn’t respond to requests for comment.

Höegh LNG, which traces its roots back to the 1920s, owns and operates a fleet of sea vessels used for the transport and regasification of LNG. The company employs around 900 people and has a presence across Europe, the Americas and Asia Pacific, according to its website. 

©2024 Bloomberg L.P.