Owner and operator of LNG carriers GasLog Partners has signed a new multi-year time charter for the GasLog Sydney with a wholly owned subsidiary of Cheniere Energy.
The charterer has options to extend the charter, which is scheduled to commence in 2018, for up to two consecutive periods at escalating rates.
The 155,000 cbm tri-fuel diesel electric liquefied natural gas carrier GasLog Sydney is on a multi-year time charter with a wholly owned subsidiary of Royal Dutch Shell plc through September 2018.
Built in 2013, the vessel is currently undergoing a scheduled dry-docking during which a reliquefaction module will be installed.
“The execution of the charter further diversifies our customer base and increases our contracted revenue visibility, supporting our year-on-year distribution growth guidance of 5% to 7% in 2018,” Andy Orekar, Chief Executive Officer of GasLog Partners, said.