Avance Gas recorded slight profit increase in third quarter

Norwegian gas tanker operator Avance Gas increased profit slightly in the third quarter from the second quarter. The company expects continued growth in 2022 as a result of rising demand and gas output.

Photo: PR/Avance Gas

Gas tanker operator Avance Gas, controlled by Norwegian shipowner and billionaire John Fredriksen, exited the third quarter with a profit of USD 4.2 million, according to an earnings release.

This is a slight profit increase from the second quarter when the company booked a net profit of USD 1.5 million, and Avance Gas' management projects continued growth in the gas market in 2022.

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