FLEX LNG Ltd is a shipping company that focuses on the liquefied natural gas (LNG) industry. The company was founded in 2006 and is headquartered in Bermuda. It is a subsidiary of Geveran Trading Co. Ltd, which is owned by Norwegian billionaire John Fredriksen.
The company operates a fleet of LNG carriers, which transport LNG to customers around the world. It also provides floating storage and regasification unit (FSRU) solutions to customers looking to import LNG. FLEX LNG's vessels are designed to be energy-efficient and reduce the carbon footprint of LNG transportation.
FLEX LNG went public in 2019, when it was listed on the Oslo Stock Exchange (OSE) in Norway. The company raised NOK 725 million (approximately $80 million) in the initial public offering (IPO), which it used to fund the construction of new LNG carriers.
In recent years, FLEX LNG has expanded its fleet and entered into long-term charter agreements with major energy companies such as BP, TotalEnergies, and Gunvor. In 2020, the company took delivery of two new LNG carriers and signed an agreement to construct two more.
FLEX LNG is well-positioned to benefit from the growth of the LNG industry, which is expected to expand rapidly in the coming years as countries look to reduce their reliance on fossil fuels. The company's modern and energy-efficient fleet, coupled with its focus on customer service, make it an attractive partner for energy companies looking to transport LNG.