Shell charters large LNG bunkering vessel from Avenir

London-based small-scale player Avenir LNG said it has signed a deal with a unit of energy giant Shell to charter one of its LNG bunkering and supply vessels.

Under the deal, Houston-based Shell NA LNG will charter the 20,000-cbm Avenir Achievement, currently under construction at China’s CIMC SOE.

Avenir expects to take delivery of this vessel in the second quarter of next year.

Starting in the first quarter of 2023, the vessel would serve Shell for a period of three years with an option to extend up to five years, Avenir said on Wednesday.

Avenir has two large 20,000-cbm LNG vessels on order at CIMC SOE, Avenir Allegiance and Avenir Achievement.

The firm claims these are the world’s largest LNG bunkering ships.

This new charter, including options, increases Avenir’s overall vessel charter revenues backlog to $81 million as of December 1, 2021.

Chief executive Peter Mackey welcomed this agreement with Shell for the newbuild vessel as Shell continues to expand its LNG bunkering capabilities.

“This deal marks another major achievement in Avenir’s development as we fix the last vessel in our current newbuilding program,” Mackey said.

The joint venture of Stolt-Nielsen, Hoegh and Golar took delivery of its first two out of six vessels, Avenir Advantage and Avenir Accolade in October 2020 and March 2021, respectively.

Avenir also welcomed the 7,500-cbm LNG bunkering and supply vessel, Avenir Aspiration, in October.

Looking at the current schedule, Avenir expects to take delivery of Avenir Allegiance this year, followed by Avenir Achievement and the 7,500-cbm Avenir Ascension next year.

Most Popular

Cheniere plans to boost LNG export capacity to 100 mtpa

US LNG exporting giant Cheniere plans to boost its export capacity to about 100 mtpa via new expansion projects at its Sabine Pass and Corpus Christi LNG terminals.

Coastal Bend LNG plans large Texas export plant

Coastal Bend LNG said it had initiated development of a 22.5 million ton per annum (mtpa) natural gas liquefaction and export facility on the Texas Gulf Coast.

Golden Pass LNG contractors agree terms for second and third train

Japan's Chiyoda and US-based McDermott have signed a binding term sheet with Golden Pass LNG, a joint venture owned by QatarEnergy and ExxonMobil, to complete the construction of the second and third liquefaction units at the giant LNG export plant in Texas.

More News Like This

Shell denies BP takeover talks

UK-based LNG giant Shell denied it was in talks to buy BP following media reports.

Nordsol in bio-LNG production milestone

Nordsol said that the three operational bio-LNG plants in the Netherlands and the UK, which utilize its technology, have collectively surpassed the 10,000-ton mark in bio-LNG production.

Shell’s LNG Canada achieves first LNG

LNG giant Shell has started production at the first liquefaction train at its LNG Canada export terminal in Kitimat, an LNG Canada spokesperson told LNG Prime on Sunday.

Shell’s LNG Canada nears first LNG

LNG giant Shell is nearing the launch of the first liquefaction train at its LNG Canada export terminal in Kitimat.