Stolt-Nielsen Limited: Avenir LNG Limited Private Placement Successfully Completed
(WorldNews Norway)

London, November 13, 2018 - Reference is made to the Stock Exchange release on October, 01, 2018 where Stolt-Nielsen Limited, Golar LNG Limited and Höegh LNG Holdings Limited (collectively the `Sponsors`) announced a combined investment commitment of USD 182 million in Avenir LNG Ltd (`Avenir` or the `Company`) and a contemplated subsequent equity raise in the Company (the `Private Placement`). The investment will be contributed as cash and equity-in-kind and will partly fund the construction of four 7,500cbm small-scale LNG carriers currently under construction at Keppel Singmarine in Nantong, China, two 20,000cbm small-scale LNG carriers on order from Sinopacific Offshore Engineering in...