Avenir LNG Limited (N-OTC: AVENIR) announced it has signed a Memorandum of Understanding (“MOU”) with Oxelösunds Hamn AB for the development and construction of an LNG/BioLNG Terminal in the Port of Oxelösund, Sweden. As part of the agreement, Avenir intends to acquire 100% of the shares in OXGAS AB, the dedicated project company for the Terminal which is currently owned by Oxelösunds Hamn AB.
OXGAS AB has secured all environmental and construction permits required to build the LNG/BioLNG...