A Fully Integrated
Small-scale LNG Supplier
Originated in 2018 and backed by blue-chip sponsors, Avenir LNG is a fully integrated small-scale LNG supplier at the forefront of one of the fastest growing sectors of alternative fuel distribution.
Increasing demand for cleaner-burning fuels has resulted in record high figures for the import and transportation of LNG, with demand up 8.5% year-on-year. Bloomberg predicts that by 2030, 450MMtpa of LNG will be required globally, an increase from 308MMtpa in 2018, driven largely by Asia accounting for 86% of the total growth (16.1.19).
Through full supply-chain integration, our mission is to provide small-scale LNG to off-grid industries, for power generation, and through the marine bunkering and truck refuelling markets.
Our strategy is to aggregate volumes from a collective of customers, creating economies of scale within our supply chains that are financially attractive.
This approach helps reducing the otherwise high costs associated with operating a dedicated supply chain. Each customer is priced on a percentage of usage rather than whole asset utilisation. By adopting this model, we underwrite the risk of aggregating demand; having available utilisation on assets will enable us to open new markets that would otherwise be considered cost prohibitive.
To take advantage of the fast-growing fuels market, we have also incorporated bunkering functionality into our vessel designs. As this market matures, Avenir will move towards the integrated power and industrial market.
We will work closely with local partners and customers in developing LNG receiving terminals, similar to our Sardinia terminal project. In markets considered risky, purpose built small-scale floating assets (FSU/FSRU) may be used; these are moveable if markets or conditions change.
Our initial commercial efforts will concentrate on strategic geographical areas where demand clusters have been identified. These are areas with a high concentration of industry and power generation, with limited access to alternative fuels. These initial demand clusters are; the Mediterranean Sea, the North and Baltic sea, the Caribbean, South America and Asia.
Our strategy is to source LNG either through our equity partners’ existing large-scale FSRU’s, FLNG’s or directly from producer terminals, allowing for lower costs to help stimulate growth of the small-scale market.
With a combination of new technologies, industry experts and sound infrastructure, Avenir will adapt to the evolving LNG markets and meet growing global demand.
Uniquely Positioned to Deliver LNG Globally
- Connecting small-scale LNG projects into FSRU and FLNG assets will increase the distribution of LNG to areas otherwise uneconomical. Avenir LNG is looking to leverage the infrastructure of its Sponsors to reload competitive LNG from FSRUs globally, providing Avenir with low cost ‘large-scale’ molecule pricing.
- The existing infrastructure will make Avenir the largest geographical presence within small scale LNG*
*Höegh LNG & Golar LNG does not have access to FSRUs under existing charters, except for the Nanook FSRU to start operations 2019, but look to renegotiate existing charters to get access to gas storage onboard existing FSRUs