Golar sells Avenir LNG stake to Stolt-Nielsen

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,” he said.

Avenir

UK-based Avenir said in October 2024 that it plans to divest its ownership of the Higas LNG storage terminal in Sardinia to three of its existing shareholders, as part of a strategic refocus of its business.

The company, which has a fleet of five vessels on the water and two under construction, also said at the time it is exploring raising capital and a potential listing on the Euronext Growth Oslo.

In 2022, Avenir became the sole owner of the Higas terminal after it bought a 10 percent stake from Italian engineering firm Gas and Heat and also a 10 percent stake from CPL Concordia.

In May 2021, the facility received its first shipment from the 7,500-cbm Avenir Accolade.

After that, Avenir’s 7,500-cbm bunkering and supply vessel, Avenir Aspiration, started serving the terminal in Sardinia in January 2021.

The facility features six horizontal low-pressure cryogenic type C tank storage tanks with a total capacity of 10,800 cbm.