WFW advises Höegh LNG on Avenir investment

The London-based law firm, Watson Farley & Williams advised Höegh LNG on an investment forming part of a combined commitment of up to $182m from in Avenir LNG.

The investment was sanctioned by Höegh LNG and Golar that will each take an initial 25 percent stake in Avenir, which was formed in 2017 by Stolt-Neilsen, who will control the remaining 50 percent.

Avenir will pursue opportunities in small-scale LNG, including the delivery of LNG to areas of stranded demand, the development of LNG bunkering services and supply to the transportation sector.

The company currently has four new vessels on order at the Keppel Nantong shipyard in Jiangsu province, China, with an LNG terminal and distribution facility to be constructed at the port of Oristano, Sardinia, Italy.

The WFW team that advised Höegh LNG was led by corporate partner Mark Tooke, working closely with partner and global maritime sector head Lindsey Keeble.