Avance Gas
Oil and GasOslo, Norway11-50 Employees
Avance Gas Holding Ltd operates in the global market for the transportation of liquefied petroleum gas, focusing on very large gas carriers. The company manages a fleet of fourteen modern vessels and two dual‑fuel LPG newbuildings scheduled for delivery in late 2021 and in 2022. Based in Oslo, Norway, Avance Gas is publicly traded on the Oslo Stock Exchange. Its customers are participants in the LPG supply chain that require global transport of LPG, relying on the company's VLGC capacity to move cargo. In the oil and gas sector, the company is among the owners and operators of VLGCs. In 2024 the company announced the sale of its VLGC fleet assets to BW LPG Ltd, reflecting a strategic corporate transaction.