Avance Gas expects even better times ahead of Christmas after record results

The Norwegian gas carrier grew big-time in the first six months of the year, and increasing demand for gas and more ships keeps the outlook good.

Avance Gas has delivered its best half-year result ever. | Photo: Pr/avance Gas

by DANIEL LOGAN BERG-MUNCH

Avance Gas, which is controlled by John Frederiksen, can look forward to a growing market.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Alfa Laval's order book sets new quarterly record
For subscribers
An excess of ships pulled Avance Gas deeper into the red
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Biocirc CEO Bertel Maigaard. Biocirc is run by asset manager Maigaard & Molbech, where Bertel Maigaard is also partner. It manages the fortunes of a group of wealthy Danish families, including Just Eat founder Bo Bendtsen. | Foto: PR/Biocirc

Oil & Gas

Biocirc reveals German expansion next year: "An exciting pipeline"

Plans to build more plants by 2024 are not limited to the US, reveals the CEO of the biogas group.

For subscribers

Oil & Gas

Oil prices a few dollars away from year-high record following turbulent week

For subscribers

European Energy CEO Knud Erik Andersen is pleased with a successful sale to Japanese Mitsui. | Foto: Gregers Tycho

Cleantech

European Energy and Mitsui finalize transaction of Danish solar farm and PtX plant

For subscribers

From left: Elizabeth Press, moderator and Director of Planning and Program Support, Ingrid Reumert, SVP and Head of Global Stakeholder Relations at Ørsted, Morten Dyrholm, Group SVP for Marketing, Communications & Public Affair at Vestas, Shamini Selvaratnam, Associate Director at Ocean Conservancy, and Ben Backwell, CEO at GWEC. | Foto: Consulate General of Denmark in New York

Renewables

Offshore wind players: Crucial to speed up the pace of project permitting

For subscribers

Tommy Larsen is the CEO and founder of Weptos. | Foto: Weptos

Renewables

Wave energy developer warns: China could take the helm if Europe doesn't wake up

For subscribers

Wind turbine manufacturer Nordex's CEO, José Luis Blanco, will have some extra on his plate for the next 18 months. | Foto: Nordex

Renewables

Nordex CEO becomes chairman of Wind Europe

TotalEnergies CEO: Unreasonable to ban Russian LNG sooner than 2025
There will not be enough liquefied natural gas to replace the EU’s imports of Russian LNG until 2025 or 2026, says the CEO of Totalenergies.
For subscribers
CMA CGM and Maersk will need help in new green lobbying alliance
Two of the world’s largest container shipping companies have joined forces to ”accelerate decarbonization” in the shipping industry - but it will take more effort to succeed, analysts say.
For subscribers
European Energy: TotalEnergies partnership is stepping stone towards more markets
European Energy envisions its entry into several markets after entering into a partnership with one of the world’s largest oil and gas companies.
For subscribers
FLSmidth: The mining sector's reputation blocks the green transition
Problems attracting talent to the industry, which extracts critical minerals such as lithium and cobalt, could make it difficult to meet green energy targets, according to the equipment manufacturer.
For subscribers
Ørsted selects Semco Maritime and KK Wind Solutions for German OSW farms
The two Danish companies have joined forces on a service contract for Borkum Riffgrund 1 & 2 and Gode Wind 1 & 2.
For subscribers
Havfram dismisses offshore wind crisis: Not worried about Ørsted contract
”If projects disappear, we manage to pick up other projects on the market,” Havfram CEO Ingrid Due-Gundersen tells EnergyWatch.
For subscribers

Major Australian LNG plant resumes full production following fault and strikes

According to Chevron, which produces liquefied natural gas, the disruptions have had no affect scheduled deliveries.

For subscribers

Renewables

Cadeler boosts full-year guidance

The offshore carrier on-track to merge with US rival Eneti later this year, is raising its earnings projections.

For subscribers

Policy & Trading

Ørsted anticipates DKK 16bn US impairments

While supply chain delays on US offshore projects are expected to cost an additional DKK 5bn, it will take lower interest rates and more nimble politicians to avoid imminent, much deeper wounds.

For subscribers

Renewables

All hydrogen stations in Denmark will close

”We can’t justify throwing more money at subsidizing hydrogen alone,” states Everfuel’s CEO, who doesn’t want to kill off hydrogen’s future in passenger cars.

For subscribers

Cleantech