Golar LNG sells final LNG carrier, exiting segment

In January, Bermuda-based Golar LNG sold its stake in Avenir LNG, a company it co-founded, to shipowning and maritime operations conglomerate Stolt-Nielsen Gas for approximately US$40M. 

Golar said the transaction is expected to complete Q1 2025, subject to fulfilment of the conditions under the share purchase agreement.

Golar is retaining its 25% stake and debt-holdings in the Avenir LNG spin-off company, Higas, that is the asset-holder for the HIGAS LNG storage terminal in Sardinia, Italy. Higas was spun off from Avenir LNG in October 2024. 

Mr Staubo commented, “The sale of Golar’s shareholding in Avenir LNG is in line with our strategy to focus on expanding our market-leading FLNG position. Golar is proud to have founded Avenir LNG into one of the largest small-scale LNG shipping companies globally alongside our partners Stolt Nielsen and Höegh. Following the sale of Hygo Energy Transition Ltd in 2021, our Avenir LNG investment was no longer deemed a core asset of Golar’s portfolio. We wish the Avenir LNG team and Stolt-Nielsen all the best for the future development of Avenir.”

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