Avenir LNG Limited announced it has executed two Time Charter Agreement for the Avenir Advantage and the Avenir Accolade. Avenir's affiliate Future Horizon (L) Pte Ltd. a joint venture between Avenir and MISC) has signed a new two-year time charter agreement with PETCO Trading Labuan Company Ltd. (PTLCL), a trading arm of PETRONAS. Avenir will continue to collaborate with PTLCL by providing LNG as a marine fuel to their customers in Malaysia and Southeast Asia.

In addition, Avenir has entered into an agreement to time charter the Avenir Accolade for a period of up to two years with NFE Transport Partners LLC, a subsidiary of New Fortress Energy Inc. The Avenir Accolade has been serving New Fortress Energy Inc. under a bareboat contract. This new Time Charter agreement demonstrates Avenir's commitment to operational excellence while also extending the term of the original agreement up until Fourth Quarter 2025. The time charter agreements further consolidate Avenir's position as a leading provider of small-scale LNG tonnage, and strengthen the company's total charter revenue backlog, including options, to USD 115 million.