About us

In August  2024, the Company announced the sale of its VLGC fleet, consisting of twelve VLGCs to BW LPG with delivery window within December 31, 2024. The transaction was completed on December 31, 2024. In November 2024, the Company also entered into an agreement with Exmar LPG BV to sell its four Mid-Sized Gas Carriers (MGCs) newbuilding contracts through a novation. The transaction is expected to be completed early January 2025.


Following sale of the VLGC and MGC fleet, the Company announced in November 2024, that the Company intend to do no further investments of new ships. Thereby, the Company is a preparing a wind-up process of Avance Gas which is expected to take effect following distribution of remaining funds to shareholders  in May/June 2025.

Board of Directors

Øystein Kalleklev

CEO and Director

Øystein Kalleklev served as Director of Avance Gas since 26 May 2021 and was elected as Chairman of the Board in March 2022 until he was appointed as CEO in April 2023. Mr. Kalleklev has been the CEO in FLEX LNG Management AS since August 2018, after serving as CFO of Knutsen NYK Offshore Tankers since 2013 and Chairman of the General Partner of the MLP KNOT Offshore Partners from 2015-2017. Previous roles include CFO of industrial investment company Umoe Group, Managing Director of Umoe Invest, Partner of investment bank Clarksons Platou and Business Consultant at Accenture. Mr. Kalleklev holds a MSc in Business and Administration from Norwegian School of Economics and a Bachelor in Business and Finance from Heriot-Watt University.

Kathrine Fredriksen

Director

Kathrine Fredriksen served as Director of Avance Gas since 26 May 2021. Ms. Fredriksen serves as President of Seatankers UK, board member of Norwegian Property since 2016 and as board member in Ship Finance since February 2020. She has previously been on the boards of Seadrill, Golar LNG, Frontline and Deep Sea Supply. Through her role as President of Seatankers UK, she provides advice on all group Investments and is intrinsically involved in the administration of the organization. Kathrine is educated at European Business School in London. She is a passionate collector of modern and contemporary art.

James O'Shaughnessy

Director

James O'Shaughnessy has served as a Director of the Company since January 2021. James O'Shaughnessy has been an Executive Vice President, Chief Accounting Officer and Corporate Controller of Axis Capital Holdings Limited since March 26, 2012. Prior to that Mr. O'Shaughnessy has amongst other served as Chief Financial Officer in the Bermuda operations of Flagstone Reinsurance Holdings SA and as Chief Accounting Officer and Senior Vice President of Scottish Re Group Ltd., and Chief Financial Officer of XL Re Ltd. at XL Group plc. 


Mr. O'Shaughnessy received a Bachelor of Commerce degree from University College, Cork, Ireland in the year 1981 to 1985 and is both a Fellow of the Institute of Chartered Accountants of Ireland and an Associate Member of the Chartered Insurance Institute of the UK. Mr. O'Shaughnessy earned a Master's Degree in Accounting from University College Dublin in the year 1985 to 1986.

François Sunier

Director

François Sunier has served as a Director of Avance Gas since 1 December 2010. He has been the CEO and Managing Director of Suntrust Investment Co. S.A. since January 2002. Prior to Suntrust Investment Co. S.A., Mr Sunier worked as an Executive Director at Goldman Sachs, London and at UBS Philips & Drew, London. François Sunier serves at the board of Mirabaud SCA and Groupe Minoteries (listed on the Swiss Stock Exchange Market). François Sunier graduated from the University of Geneva, with a bachelor in political sciences. Mr Sunier is a Swiss citizen, and resides in Switzerland.

Will Homan-Russell

Director


Will Homan-Russell is an experienced professional investor in the maritime sector, currently serving as Chief Investment Officer of UK based WMC Capital
Ltd., where he co-founded Albemarle Shipping Fund. From 2003 to 2018 he worked for Tufton Oceanic Limited, a fund management company specializing in investments in the maritime and energy sectors. Mr. Homan-Russell has served as a board member of SFL Corporation Ltd. since July 2022. He holds a MA in Mathematics from Oxford University and an MSc. in Finance from London Business School.

Our team

Øystein Kalleklev

CEO and Director

Randi Navdal Bekkelund

CFO

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    Randi Navdal Bekkelund joined Avance Gas AS in October 2018 serving as Finance Manager. Prior to that, Mrs Bekkelund served as an auditor in EY for Shipping and Offshore clients and as a consultant for 8 years. Mrs Bekkelund is a Certified Public Accountant from BI Norwegian School of Management and holds a Master’s degree in Finance from University in Agder.

Halfdan Marius Foss

Chief Commercial Officer

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    Halfdan Marius Foss was appointed as Chief Commercial Officer of Avance Gas in August 2022. Mr. Foss is currently the Chief Commercial Officer of Flex LNG in parallel to his engagement with Avance Gas. His previous experience includes Senior Vice President Head of Shipping at Golar LNG and Cool Pool Ltd, Chartering Manager of Frontline Management AS and LPG/petchem broker at Inge Stensland AS for approximately 11 years. Mr. Foss brings about 30 years of experience to Avance Gas, having acted for both brokers and owners in the oil and gas business. Mr. Foss holds a diploma in Shipping from London School of Foreign Trade as well as a degree in Merchant navy deck officer from Stord/Haugesund University College.

Inger Bårdsen Haviken

Financial Controller

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    Inger Bårdsen Haviken joined Avance Gas in January 2016 serving as Controller. She brings many years of experience from her previous roles as controller in Telenor and Telia.

Jannicke Eilertsen

Compliance Officer

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    Jannicke Eilertsen joined Avance Gas in 2020 as Legal Counsel / Compliance Officer. Ms Eilertsen holds a Master of Laws from the University of Oslo and studied maritime laws at the University of Southampton. Prior to joining Avance Gas, Ms Eilertsen worked at Advokatfirmaet Wiersholm as a Senior Associate in the Compliance and Investigations department. At Wiersholm, Ms Eilertsen worked with several privately and publicly owned companies on cross-border matters concerning anti-bribery and corruption, anti-money laundering and sanctions. Also, Ms Eilertsen has experience from Gard (UK) Ltd in London and from Rolls-Royce Marine AS.