Avenir LNG completed the acquisition of the remaining stake in HIGAS from CPL Concordia and Gas and Heat.

Avenir LNG, a supplier of small-scale LNG to off-grid industry, power generation and marine transport, completed the acquisition of the remaining stake in HIGAS, a firm that owns and operates an LNG storage and receiving terminal, from CPL Concordia, an operator of an energy company based in Italy, and Gas and Heat. Financial terms were not disclosed. "We are delighted to have signed this agreement to acquire the minority shareholders’ interests in Higas, thereby concluding the joint venture which delivered the construction of the first LNG import infrastructure in Sardinia. This is another important step in executing our investment strategy. In addition to continuing to be a trusted and competitive LNG supplier to our customers in Sardinia, Higas will continue to promote and enhance the long-term environmental sustainability of Sardinia and Italy, and to take an increasingly prominent role in these important energy markets," Peter Mackey, Avenir CEO.