Oystein Kalleklev believes he has enough time to run both Flex LNG and Avance Gas, with the help of the teams at both John Fredriksen companies.

The Flex LNG chief executive was brought in on Tuesday as executive chairman of Norwegian VLGC owner Avance following the resignation of Kristian Sorensen and chairman Erik Jacobsen.

Fredriksen lieutenant Jens Martin Jensen has also come in as a director.