WFW advises Höegh LNG on new small-scale LNG joint venture with Golar and Stolt-Nielsen
Watson Farley & Williams (“WFW”) advised long-standing client Höegh LNG Holdings Ltd. (“Höegh LNG”) on an investment forming part of a combined commitment of up to US$182m from Stolt-Nielsen Ltd. (“Stolt-Nielsen”), Golar LNG Ltd. (“Golar LNG”) and Höegh LNG in Avenir LNG Limited (“Avenir”) for the pursuit of opportunities in small-scale LNG.
Höegh LNG and Golar will each take an initial 25% stake in Avenir, which was formed in 2017 by Stolt-Neilsen, who will control the remaining 50%.