Avenir Accolade completes first LNG bunkering off Malaysia April 26, 2021, by Adnan Bajic
Avenir LNG, a joint venture consisting of Stolt-Nielsen, Hoegh LNG and Golar LNG, has completed the first bunkering of the Avenir Accolade.
Courtesy of Avenir LNG
The bunkering was completed by its sister ship the Avenir Advantage in Pasir Gudang, Pengerang, Malaysia on 26 April 2021.
Both ships built by Keppel Offshore & Marine’s Nantong Shipyard are 7,500-cbm, dual-purpose, LNG supply and bunkering vessels (LBV).
The Avenir Accolade undertook the operation whilst passing through Malaysia on its maiden voyage to deliver the commissioning cargo to Avenir’s HIGAS LNG terminal in Sardinia, Avenir LNG said in its statement.
New Fortress Energy acquires Hygo Energy and GMLP
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US-based New Fortress Energy (NFE) has completed its acquisition of Hygo Energy Transition and Golar LNG Partners (GMLP).
Hygo Energy Transition is a joint venture equally owned by Golar LNG Limited (GLNG) and Stonepeak Infrastructure Fund II Cayman, a fund managed by Stonepeak Infrastructure Partners.
NFE purchased the outstanding shares of Hygo by issuing 862,745 shares and $50m in cash to GLNG as well as 12,745,098 shares and $530m in cash to Stonepeak.
NFE also purchased all the outstanding common units of GMLP for $3.55 per common unit in cash, as well as GMLP’s general partner for an equivalent consideration.
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14 Jan, 2021 Author Corey Paul
New Fortress Energy Inc. s move to acquire Golar LNG Partners LP and Hygo Energy Transition Ltd. represented a bet by the private company on increasing natural gas demand in Brazil and a play for what analysts see as a growing market for investments in infrastructure to supply developing economies with lower-carbon fuels.
The combined $5 billion deal, one of the first big M&A announcements in 2021, netted New Fortress four new LNG import terminals. One of those terminals is active, with the other three in various stages of development. But that will nearly double the LNG import terminals in New Fortress portfolio. The company has five others two in Jamaica, one in Puerto Rico, and two in development in Mexico and in Nicaragua. By buying Golar LNG Partners, New Fortress also acquired interests in other LNG projects around the world, such as the Hilli Episeyo project in Cameroo