February 27th 2024, Avenir LNG Limited (NOTC: AVENIR) is pleased to hold its first operating business update presentation for shareholders. The Company aims to provide further updates to shareholders on a regular basis, with the aim of providing better insight into the Group's strategy and commercial outlook.
The company operates in an environment with strong fundamental drivers, including regulation, emissions reductions, and a projected 10x growth in offshore LNG volumes. Avenir is a leader and pioneer in the small-scale LNG and LNG bunkering markets, with a proven track record in wholesale trading, LNG supply, and ship-to-ship bunkering. Due to the small number of participants in the market and its fragmentation, Avenir is well positioned to take full advantage of the growth in the LNG marine fuel sector as he is one of the largest owners of LNG bunker vessels. It is located in Currently, the Avenir fleet has a high utilization rate with four of her five vessels operating on her three short and medium term charters.rd Party business and one vessel are fully utilized across 'Avenir Supply and Trading' and 'Avenir Marine' (our LNG bunker supply specialist company) in North West Europe.
In addition to the positive market outlook, management has implemented a number of initiatives to strengthen the company's strategy, balance sheet and cost base and make it sustainable over the long term. This provides the Group with a solid foundation for capturing the next stage of growth opportunities in attractive markets.
For more information, please contact us below.
inquiry: info@avenirlng.com
Avenir LNG Limited – + 44 (0) 207 062 6000
Jonathan Quinn, Managing Director
About Avenir LNG Limited: Avenir LNG has a strong position in owning and operating five LNG vessels around the world and one small-scale LNG terminal in Sardinia, Italy, making it a leading supplier of small-scale LNG to off-grid industries, maritime transport, and power generation. make it possible. Avenir LNG has quickly become one of the leading providers of small scale LNG solutions.
This information is subject to disclosure requirements under Section 5-12 of the Norwegian Securities Exchange Act.
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