Exmar LNG targets rapid fleet growth

Exmar LNG plans a fast expansion of its capital base to grow its new LNG infrastructure venture.

TradeWinds understands the planned $2.3bn Oslo-Axess listed venture, a hook-up between Exmar, John Fredriksen’s Geveran Trading Co and Flex LNG, plans to raise equity in Oslo within the next 12 months. One source says the outfit is also considering a listing elsewhere.

“The intention is to grow this company by capital increases, which we will do very quickly in order to expand the business,” said Exmar chief executive Nicolas Saverys.