Exhibit 15.1

Schedule I – Condensed Financial Information of Registrant

CONDENSED STATEMENT OF INCOME AND COMPREHENSIVE INCOME


	Year ended December 31,
(in thousands of U.S. dollars)	2020		2019	2018
Total revenue	$	—	—	$	—
EXPENSES
Administrative expenses		(6,279)	(6,473)		(5,822)
Equity in earnings of subsidiaries		64,296	60,315		68,359
Equity in earnings (losses) of joint ventures		6,420	6,078		17,938
Interest income		15,983	11,205		93
Interest expense		(17,139)	(18,242)		(2,938)
Other items, net		(136)	(142)		(8)
Net income	$	63,145	52,741	$	77,622
Share of subsidiaries unrealized losses on cash flow hedges		(11,367)	(12,217)		(2,290)
Share of subsidiaries income tax benefit		(262)	(389)		(299)
Comprehensive income	$	51,516	40,135	$	75,033

See accompanying notes to condensed financial statements.

CONDENSED BALANCE SHEETS


	As of December 31,
(in thousands of U.S. dollars)	2020		2019
Cash	$	2,058	$	6,934
Current portion of long-term loans to subsidiaries		26,717		25,597
Promissory note from subsidiaries		123,248		123,248
Prepaid expenses and other receivables		1,097		224
Total current assets		153,120		156,003
Accumulated earnings of joint ventures		9,690		3,270
Loans to subsidiaries		237,489		260,636
Investments in subsidiaries		455,582		449,570
Total long-term assets		702,761		713,476
Total assets	$	855,881	$	869,479
LIABILITIES AND PARTNER’S CAPITAL
Current portion of long-term debt	$	25,597	$	25,597
Trade payables		86		52
Amounts due to owners and affiliates		732		398
Derivative instruments		4,699		1,821
Accrued liabilities and other payables		2,860		3,155
Total current liabilities		33,974		31,023
Long-term debt		294,032		318,650
Loans due to owners and affiliates		18,465		8,792
Derivative instruments		16,095		9,504
Total long-term liabilities		328,592		336,946
Total liabilities		362,566		367,969
Total partners’ capital		493,315		501,510
Total liabilities and partners’ capital	$	855,881	$	869,479

See accompanying notes to condensed financial statements.

CONDENSED STATEMENT OF CASH FLOW


	Year ended December 31,
(in thousands of U.S. dollars)	2020		2019	2018
Net cash provided by operating activities	$	48,656	33,130	$	42,401

INVESTING ACTIVITIES
Long-term loan due from subsidiaries		22,027	(286,133)		—
Net cash provided by (used in) investing activities		22,027	(286,133)		—

FINANCING ACTIVITIES
Net proceeds from issuance of Series A Preferred Units		3,174	13,065		38,659
Net proceeds from issuance of common units		—	1,029		4,563
Proceeds from long-term debt		—	368,300		—
Proceeds from loans due to owners and affiliates		21,750	3,500		5,400
Repayment of long-term debt		(25,597)	(19,198)		—
Repayment of debt issuance cost		—	(5,797)		—
Repayment of amounts due to owners and affiliates		—	(34,000)		(17,500)
Proceeds from indemnifications received from Höegh LNG		—	—		1,701
Repayment of indemnifications received from Höegh LNG		—	(64)		(2,535)
Cash distributions to limited partners		(74,886)	(73,804)		(72,497)
Net cash provided by (used in) financing activities		(75,559)	253,301		(42,209)

Increase (decrease) in cash, cash equivalents and restricted cash		(4,876)	(72)		374
Cash, cash equivalents and restricted cash, beginning of period		6,934	7,006		6,632
Cash, cash equivalents and restricted cash, end of period	$	2,058	6,934	$	7,006

See accompanying notes to condensed financial statements.

1. Basis of presentation

Höegh LNG Partners LP – the Parent company is a Marshall Islands limited partnership formed on April 28, 2014.

In the parent-only financial statements, the investment in subsidiaries and investment in joint ventures are stated at cost plus equity in undistributed earnings of subsidiaries and accumulated earnings in joint ventures since the date of acquisition and the closing of the initial public offering of Höegh LNG Partners LP (the “Partnership”) on August 12, 2014. The Partnership’s share of net income of its unconsolidated subsidiaries and joint ventures is included in the condensed income statement using the equity method. The Parent company’s financial statements should be read in conjunction with the Partnership’s consolidated financial statements contained elsewhere in the Partnership’s Report on Form 20-F for the year ended December 31, 2020.

2. Dividends

A cash dividend of $55.8 million, $42.4 million and $51.7 million was paid to the Parent company from its consolidated subsidiaries for the years ended December 31, 2020, 2019 and 2018, respectively.