LNG

As a result of the Oslo-based LNGC operator, Awilco Group’s annual reassessment at the end of last year, the normal useful life of the company’s two LNGCs was from 1^st January, 2024, revised from an estimated 40 years to 35 years from delivery. 

The full annual effect of this change is about $1.7 mill, Awilco explained it its second quarter results report. 

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