Awilco LNG ASA (OSE: "ALNG") ("Awilco" or "the Company") is pleased to inform it
has entered a new Time Charter Contract for the WilForce with an oil major for a
firm duration of about six months with delivery today. The contract is estimated
to contribute with an EBITDA of about USD 17 million over the charter period.

As was reported on June 10, 2022 the Company has also fixed a 3 + 2 year
contract commencing in December, which will be covered by the WilPride trading
in the spot market until delivery.

The Freeport LNG terminal in USA suffered an explosion on June 8, 2022 which
caused a temporary closure of the terminal until repairs and route cause
analysis has been completed and approved. With 20% of US exports suddenly being
closed the spot market for LNG carriers has been very challenging as activity
and rates have come down.

With both vessels operating in the spot market during the summer these
unforeseen events has led to unexpected idle periods for our vessels which will
influence the Company's result in second and third quarter 2022.

For further information please contact: 
Jon Skule Storheill
Chief Executive Officer
Mobile: 	(47) 913 44 356

Per Heiberg
Chief Financial Officer
Mobile: 	(47) 952 20 264