The TCP agreement commercially de-risks the company’s 2024 newbuilding programme and provides long-term sustainable cashflow. It also supports Avenir’s chartering strategy, which includes signing five new charter agreements over the past 12 months, all of which to new blue-chip market entrants.
Jonathan Quinn, Managing Director of Avenir LNG, commented: “We are delighted to announce this agreement to enter into a long-term partnership with ExxonMobil. This transaction delivers on our strategy to facilitate the growth of LNG and bio-LNG as a marine fuel globally and demonstrates a successful commercial conclusion of our 2024 newbuilding programme, providing the company with a solid foundation to continue to grow from.”
Amy Wood, Global Low Emission Fuels Business Development Manager ExxonMobil, added: “We’re looking forward to entering the LNG marine bunker-ing market and expanding our marine fuel portfolio. This agreement with Avenir allows us to leverage our integration and scale to deliver LNG and bio-LNG, helping meet growing customer demand and serve the evolving needs of the maritime industry.”
