Avenir LNG Limited announced it has executed a Time Charter Party ("TCP") with Vitol International Shipping Pte Ltd. ("Vitol") for Avenir's first newbuild 20,000cbm LNG Bunker Vessel. The time charter to Vitol will commence at delivery from the shipyard in China in Fourth Quarter 2026 and will serve a period of 7 years with options to extend up to 10 years in total. This agreement with Vitol solidifies Avenir?s position as a leading owner and operator of LNG bunker vessels.

Concluding the charter on the first newbuild demonstrates the markets confidence in Avenir?s investment strategy as well as securing long term sustainable cashflow for the group and shareholders over the next decade. This transaction increases the company?s third-party charter revenue backlog including options to over $205 million including options.