Stolt-Nielsen has bought out Golar LNG’s stake in Avenir LNG for $40m.
Commenting on the transaction, Udo Lange, CEO of Stolt-Nielsen, said: “This strategic move not only strengthens our position in the LNG sector but also underscores our commitment to pursuing more sustainable energy solutions for the maritime, industrial, and power generation markets. I am excited about the possibilities ahead and confident that this partnership will propel us into new avenues of growth and impact.”
Golar LNG, a co-founder of Avenir LNG, said the sale was spurred by its decision to focus on its floating LNG position. Golar will remain a 25% shareholder and debt provider to Higas, an LNG storage terminal in Sardinia that was spun off from Avenir LNG in October 2024.
Avenir LNG owns and operates a fleet of five modern small-scale LNG bunkering vessels, with two newbuildings under construction.
