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.

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