GasLog Partners has completed the acquisition of the GasLog Glasgow liquefied natural gas carrier from its parent company GasLog.
The partnership said that it closed the acquisition of 100% of shares in the entity that owns and charters the GasLog Glasgow from GasLog.
The acquisition of the LNG carrier was first announced in early March . At the time, the company said that the carrier would be bought for $214 million.
The GasLog Glasgow is a 174,000 cubic meter tri-fuel diesel electric liquefied natural gas (LNG) carrier built in 2016 and was operated by GasLog since delivery.
The vessel is currently on a multi-year time charter with Shell through June 2026. Shell has the option to extend the charter for a period of five years, the partnership said in its statement.
The acquisition expands the partnership’s fleet to 15 wholly-owned LNG carriers, and it would increase the partnership’s contracted days to approximately 92 percent for 2019 and 74 percent for 2020.