Avenir LNG CEO resigns

Small-scale player Avenir LNG, a joint venture consisting of Stolt-Nielsen, Hoegh LNG and Golar LNG, said Milorad Doljanin has resigned from his position as chief executive.

Dolajanin’s decision to pursue other opportunities is effective immediately but he will continue to provide transition support to Avenir on an ongoing basis, the London-based LNG venture said.

Upon his departure, Milorad commented “I am immensely proud to have led the team at Avenir LNG to have achieved so much during the last 12 months amid a difficult social and economic environment.

“As I turn my attention to the development of other aspects of the energy market, I thank the board for their support during my tenure and wish the team at Avenir LNG every success in building a sustainable small-scale LNG supply business,” he said.

New CEO Peter Mackey will assume the additional responsibilities on an interim basis with effect from November 18.

To remind, Mackey joined Avenir LNG in January this year as chief commercial officer, bringing over 19 years of experience in the oil and gas industry.

Busy year ahead

Avenir LNG has taken the delivery of its first newbuild in October this year.  The 7,500-cbm Avenir Advantage has already started work in Malaysia for charterer Petronas.

“Looking forward, 2021 will be a transformational year for Avenir as we bring our land-based LNG terminal into service in Sardinia and welcome 5 further small-scale LNG carriers to our fleet,” Mackey said.

Avenir Advantage is the first of two sister ships Keppel Nantong will build for the firm.

The second vessel Avenir Accolade, scheduled for delivery by year-end, will transport chilled fuel for Golar’s JV Hygo Energy to various ports across Brazil.

Besides these two ships, Avenir LNG has similar 7.500-cbm carriers on order at the Nantong CIMC Sinopacific Offshore & Engineering yard in China.

The Chinese yard also has a contract with Avenir LNG for the construction of two 20,000-cbm LNG carriers with delivery dates also scheduled for 2021.

Furthermore, Avenir has a 80 percent stake in a small-scale facility in Sardinia expected to start operations by the end of this year or the beginning of 2021.

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

Chevron, China’s ENN seal second LNG SPA

US energy giant Chevron has signed a second LNG sales and purchase agreement with Chinese independent gas distributor ENN.

Venture Global gets OK to introduce gas to final Plaquemines LNG block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the 18th and final liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

More News Like This

CIMC SOE kicks off work on Avenir LNG bunkering vessel

China’s Nantong CIMC Sinopacific Offshore & Engineering has officially started building another liquefied natural gas (LNG) bunkering and supply vessel for UK-based Avenir LNG.

Avenir LNG seals charter deal with Excelerate

UK-based small-scale firm Avenir LNG has secured a multi-year extension for its 7,500-cbm vessel Avenir Accolade with US FSRU player Excelerate Energy.

Stolt-Nielsen wraps up purchase of remaining Avenir LNG shares

UK-based small-scale player Avenir LNG is now fully owned by Norway's Stolt-Nielsen after the latter completed the purchase of Avenir LNG's remaining shares.

Avenir’s bunkering vessel to run on bio-LNG this year

One of Avenir LNG's small-scale bunkering and supply vessels will continuously run on bio-LNG in 2025. With this, the UK-based firm, controlled by Stolt-Nielsen, claims Avenir Ascension will become the first bunker vessel in the world to continuously run on bio-LNG.