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.

LNG Environment:

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).

Mission:

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.

Strategy:

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.

Terminals:

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.

Power Generation:

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.