Golar, Höegh invest in small-scale LNG
Issue 378
- 12 Oct 2018
| 1 minute read
Liquefied natural gas (LNG) companies Golar LNG and Höegh LNG Holdings have each announced an investment of $24.75m in small-scale LNG venture Avenir LNG. Avenir was set up in 2017 by transportation company Stolt-Nielsen to serve the fast-growing market for small-scale LNG, including for remote areas and as a transportation fuel. The two companies will each invest $24.75m for a 25% stake in Avenir. They said the funds were part of a combined $182m commitment with Stolt-Nielsen for the project.
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