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Conyers advised Stolt-Nielsen on the closing of its LNG joint venture, Avenir LNG Limited (“Avenir”), with Golar LNG Limited and Höegh LNG joining as shareholders of Avenir. Avenir will use the funds to invest in small-scale LNG carriers, a small-scale storage terminal and regasification facilities. The LNG terminal and distribution facility will be constructed in the port of Oristano, Sardinia.
Director Guy Cooper and Associate William Cooper of Conyers’ Bermuda office advised on the matter alongside Eversheds Sutherland.