Ocean Yield Expands Stake in France LNG Shipping, Enhancing LNG Sector Presence

Ocean Yield Expands Stake in France LNG Shipping, Enhancing LNG Sector Presence

(IN BRIEF) Ocean Yield AS has increased its stake in France LNG Shipping (FLS), raising its indirect economic interest from 34% to 45%. The transaction will add about USD 250 million to the company’s EBITDA backlog. FLS operates 12 LNG carriers under long-term charters with tier-one energy companies. This acquisition is a strategic move for Ocean Yield to strengthen its position in the LNG market. The closing is expected to take place by mid-2025, subject to conditions.

(PRESS RELEASE) LYSAKER, 7-May-2025 — /EuropaWire/ — Ocean Yield AS (“Ocean Yield” or the “Company”) has announced an agreement to purchase Access Capital Partners’ share in Geogas LNG, a transaction that will increase its indirect economic interest in France LNG Shipping (“FLS”) from 34% to 45%. This move solidifies Ocean Yield’s position in the growing LNG sector, as FLS, which owns a portfolio of 12 LNG carriers on long-term charters, continues to serve tier-one European energy companies.

FLS, a joint venture between NYK and Geogas LNG, has a well-established portfolio with seven LNG carriers currently in operation and five newbuilds on order. The vessels are contracted with an average duration of nine years, extending to 13 years with options. The acquisition of Access Capital Partners’ stake will add approximately USD 250 million to Ocean Yield’s EBITDA backlog.

CEO Andreas Røde expressed satisfaction with the transaction, emphasizing the value of increasing exposure to FLS and its strong partnerships with industry leaders, NYK and Geogas Maritime. The closing of the deal is expected in the second or third quarter of 2025, contingent on customary conditions.

Media Contact:

email: post@oceanyield.no

SOURCE:  Ocean Yield ASA