IMSK CEO Morits Skaugen says the endangered company's small-scale LNG (SSLNG) plans were probably ahead of their time.

He believes the sector will eventually prosper, but "we were out early and many would say we were too early."

Skaugen added: "We were pioneers in this field. As a company, we will not experience this breakthrough, which shows that this is the right way to help distribute energy in some parts of the world.