Avenir plans to develop Swedish LNG bunker hub

UK-headquartered LNG supplier Avenir LNG intends to build an LNG and bioLNG terminal in the Port of Oxelösund in Sweden by 2025.

PHOTO: Aerial view of Sweden's Port of Oxelösund. Avenir LNG

Avenir has signed a Memorandum of Understanding (MOU) with terminal operator Oxelösunds Hamn to construct an LNG and bioLNG terminal in the Port of Oxelösund.

Under the MOU, Avenir will acquire the project firm Oxgas from Oxelösunds Hamn.

Avenir says construction work on the terminal can start immediately as Oxgas has already secured construction and environmental permits from the necessary authorities.

LNG carriers operated by Avenir will be used to import LNG to the terminal and to be later stored in atmospheric tanks.

Avenir says the terminal will facilitate LNG bunkering in the Baltic Sea as stems can be delivered through trucks or pipelines.

The terminal will expand Avenir’s LNG bunker operation network and help free up some capacity from its LNG barge fleet that can be operated elsewhere. Avenir operates a fleet of six LNG barge vessels across key European ports.