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)	2019			2018			2017
Total revenue	$	—			—		$	—
EXPENSES
Administrative expenses		(6,473	)		(5,822	)		(8,608	)
Equity in earnings of subsidiaries		60,315			68,359			66,521
Equity in earnings (losses) of joint ventures		6,078			17,938			5,139
Interest income		11,205			93			83
Interest expense		(18,242	)		(2,938	)		(3,934	)
Other items, net		(142	)		(8	)		(11	)
Net income	$	52,741			77,622		$	59,190
Share of subsidiaries unrealized losses on cash flow hedges		(12,217	)		(2,290	)		3,335
Share of subsidiaries income tax benefit		(389	)		(299	)		(347	)
Comprehensive income	$	40,135			75,033		$	62,178

See accompanying notes to condensed financial statements.

CONDENSED BALANCE SHEETS

	As of December 31,
(in thousands of U.S. dollars)	2019		2018
Cash	$	6,934	$	7,006
Current portion of long-term loans to subsidiaries		25,597		—
Promissory note from subsidiaries		123,248		123,248
Prepaid expenses and other receivables		224		14
Total current assets		156,003		130,268
Accumulated earnings of joint ventures		3,270		—
Loans to subsidiaries		260,636		—
Investments in subsidiaries		449,570		433,088
Total long-term assets		713,476		433,088
Total assets	$	869,479	$	563,356
LIABILITIES AND PARTNER'S CAPITAL
Current portion of long-term debt	$	25,597	$	—
Trade payables		52		56
Amounts due to owners and affiliates		398		417
Derivative instruments		1,821		—
Accrued liabilities and other payables		3,155		346
Total current liabilities		31,023		819
Accumulated losses of joint ventures		—		2,808
Long-term debt		318,650		—
Loans and promissory notes due to owners and affiliates		8,792		39,292
Derivative instruments		9,504		—
Total long-term liabilities		336,946		42,100
Total liabilities		367,969		42,919
Total partners' capital		501,510		520,437
Total liabilities and partners' capital	$	869,479	$	563,356

See accompanying notes to condensed financial statements.

Schedule I – Condensed Financial Information of Registrant 

CONDENSED STATEMENT OF CASH FLOW

	Year ended December 31,
(in thousands of U.S. dollars)	2019			2018			2017
Net cash provided by operating activities	$	33,130			42,401		$	6,862
INVESTING ACTIVITIES
Long-term loan due from subsidiaries		(286,233	)		—			—
Expenditure for purchase of Höegh Grace entities		—			—			(137,475	)
(Increase) decrease in restricted cash designated for purchase of the Höegh Grace entities		—			—			91,768
Proceeds from investment in subsidiaries		—			—			12,202
Net cash provided by (used in) investing activities		(286,233	)		—			(33,505	)
FINANCING ACTIVITIES
Net proceeds from issuance of Series A Preferred Units		13,065			38,659			110,924
Net proceeds from issuance of common units		1,029			4,563			—
Proceeds from long-term debt		368,300			—			—
Proceeds from loans and promissory notes due to owners and affiliates		3,500			5,400			25,730
Repayment of long-term debt		(19,198	)		—			—
Repayment of debt issuance cost		(5,797	)		—			—
Repayment of amounts due to owners and affiliates		(34,000	)		(17,500	)		(58,705	)
Proceeds from indemnifications received from Höegh LNG		—			1,701			2,075
Repayment of indemnifications received from Höegh LNG		(64	)		(2,353	)		(1,534	)
Cash distributions to limited partners		(73,804	)		(72,497	)		(57,037	)
Net cash provided by (used in) financing activities		253,031			(42,027	)		21,453
Increase (decrease) in cash, cash equivalents and restricted cash		(72	)		374			(5,190	)
Cash, cash equivalents and restricted cash, beginning of period		7,006			6,632			11,822
Cash, cash equivalents and restricted cash, end of period	$	6,934			7,006		$	6,632

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, 2019.

2. Dividends

A cash dividend of $42.4 million, $51.7 million and $17.7 million was paid to the Parent company from its consolidated subsidiaries for the years ended December 31, 2019, 2018 and 2017, respectively.