In a strategic move to focus on expanding its market-leading Floating Liquefied Natural Gas (FLNG) position, Golar LNG Limited has entered into a share purchase agreement for the sale of all its shares in Avenir LNG Limited to Stolt-Nielsen Gas Ltd. The total consideration for the transaction amounts to approximately USD 40 million. The deal, expected to be finalized by the first quarter of 2025, is subject to the fulfillment of the conditions under the share purchase agreement.
Golar will continue to maintain a 25% stake and remain a debt provider to Higas Srl, which operates the HIGAS LNG storage terminal in Sardinia. This terminal was spun off from Avenir LNG in October 2024, and as of the end of that month, HIGAS had a book value of USD 40.5 million on a 100% basis, which includes $24.7 million in shareholder loans and $15.8 million in shareholder equity.
Golar’s CEO, Karl-Fredrik Staubo, commented on the sale, stating, “This decision aligns with our strategy to further develop our FLNG portfolio. Avenir LNG has grown into one of the world’s largest small-scale LNG shipping companies, and we are proud to have played a key role in its foundation alongside our partners, Stolt-Nielsen and Höegh. With the sale of Hygo Energy Transition Ltd. in 2021, Avenir LNG was no longer deemed a core asset for Golar. We wish the Avenir LNG team and Stolt-Nielsen continued success as they move forward with the company.”
Stolt-Nielsen Gas Ltd. to Acquire Golar’s and Aequitas’ Shares in Avenir LNG
Following Golar’s sale, Stolt-Nielsen Gas Ltd. is set to control a majority 94.37% share in Avenir LNG, with the completion of the deal slated for the first quarter of 2025. This acquisition represents a significant strategic move by Stolt-Nielsen, solidifying its position in the growing LNG sector and its commitment to advancing sustainable energy solutions, particularly for the maritime, industrial, and power generation markets.
Udo Lange, CEO of Stolt-Nielsen Limited, expressed his enthusiasm, stating, “I’m very pleased to announce this increased investment in Avenir LNG. This strategic move not only strengthens our position in the LNG sector but also highlights our commitment to more sustainable energy solutions. We are excited about the possibilities ahead and confident that this partnership will open new growth opportunities for Stolt-Nielsen and Avenir LNG.”
Avenir LNG’s Growth and Focus on Marine Energy Transition
Avenir LNG has cemented its position as an industry leader in small-scale LNG supply, playing a vital role in the marine energy transition. The company boasts one of the largest fleets of small-scale LNG vessels in operation, with five modern bunkering vessels and two newbuilds under construction. The company’s commitment to providing cleaner energy solutions is evident in its extensive bunkering operations, which have reached over 500 completed bunkering operations, supplying LNG to vessels and industries across the globe.
Jonathan Quinn, Managing Director of Avenir LNG, shared his thoughts on the transaction, saying, “Today marks an exciting new chapter for Avenir LNG. This increased support from Stolt-Nielsen allows us to further strengthen our position as a leading player in small-scale LNG shipping and trading. Our growth strategy remains focused on the burgeoning LNG market, and we are excited to continue executing this vision with Stolt-Nielsen’s backing.”
Avenir LNG: Leading the Way in Small-Scale LNG Supply
Avenir LNG has established itself as one of the largest LNG bunkering providers, offering an end-to-end supply chain model that simplifies the process of decarbonizing the shipping industry. Their flexible solutions and modern fleet ensure that customers can access lower-carbon, off-grid energy wherever they operate. The company is known for its reliable, safe, and clean delivery of LNG, using horizontal low-pressure cryogenic tanks that provide high availability for a variety of industries.
As one of the fastest-growing sectors of alternative fuel distribution, small-scale LNG supply continues to gain momentum globally. Avenir LNG’s mission to provide sustainable energy solutions is supported by a robust fleet of vessels that handle LNG deliveries both on land and at sea, while also offering storage and last-mile distribution.
Key Facts About Avenir LNG
- 1.5 million cubic meters of LNG delivered across the fleet.
- 500+ bunkering operations performed globally.
- 5 active vessels in a growing, state-of-the-art fleet.
Avenir LNG’s Values:
- Honest & Open: Transparent and straightforward in all interactions.
- Agile & Opportunistic: Dynamic in meeting market demand.
- Reliable & Diligent: Delivering on promises and building trust.
With the increasing shift toward cleaner and more sustainable energy, Avenir LNG is well-positioned to continue its mission of delivering lower-emissions energy solutions. The partnership with Stolt-Nielsen marks a new phase for the company, ensuring its growth within the rapidly expanding small-scale LNG market.
Source Golar LNG | Avenir LNG Limited