Avenir LNG has announced it has signed a time charter party with LNG Shipping, a 100% subsidiary of Eni, for one of the company’s 7,500m³ LNG bunker vessels, the Avenir Aspiration. The multi-year time charter to Eni will commence from delivery in Europe in 2025.
This charter increases the Avenir LNG’s third-party charter revenue backlog, including options, to over $285 million (€259 million), securing additional long term sustainable cashflow for the group and shareholders over the next decade.
Jonathan Quinn, managing director of Avenir LNG, says: ‘We are excited to be working with Eni to support their expansion into the LNG bunkering market. This transaction further solidifies Avenir as the trusted partner for modern and efficient small-scale LNG vessels as well as delivering on our strategy to facilitate the growth of LNG as a marine fuel globally.’
