Avenir secures time charter extension for two LNG vessels
Avenir secures time charter extension for two LNG vessels
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Natural Gas News
Avenir secures time charter extension for two LNG vessels
Summary
Avenir LNG currently has a total fleet of five tankers in the water. [Image: Avenir] by: Shardul Sharma
Small-scale LNG player Avenir LNG has extended the time charter for two LNG vessels, Avenir Advantage and Avenir Accolade, ...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.