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Avance Gas refinances debt for USD 555m

In the first quarter, John Fredriksen’s gas carrier Avance Gas increased the bottom line and refinanced debt of USD 555m.

Photo: PR/Avance Gas

Gas carrier Avance Gas, which is controlled by shipping tycoon John Fredriksen, grew on the bottom line in the first three months of the year.

In the first quarter, the company landed a profit of USD 24.3m, according to the Q1 interim report. The profit is an increase compared to last year’s fourth quarter but also Q1 2021, in which the result came to USD 18.9m.

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