Stolt-Nielsen to purchase shareholding in Avenir LNG

Norwegian shipping company Stolt-Nielsen, through its subsidiary Stolt-Nielsen Gas, has entered into a share purchase agreement to acquire all the shares of UK-based Avenir LNG owned by Golar LNG and Aequitas.

The transaction is scheduled to be completed during the first quarter of 2025. Upon completion, Stolt-Nielsen Gas will hold approximately 94.37 per cent of the outstanding shares in Avenir LNG.

Avenir LNG owns and operates a fleet of five modern small-scale LNG bunkering and supply vessels. Another two newbuildings, each measuring 160 metres long and with a total cargo capacity of 20,000 cubic metres, are under construction at Nantong CIMC Sinopacific Offshore and Engineering in China and are scheduled to be delivered by the first quarter of 2027.

Some of Avenir LNG's vessels are equipped with boil-off gas (BOG) reliquefication and simultaneous operations (SIMOPs) capabilities and operate overseas under long-term bareboat charters in regions such as North America and the Mediterranean.