GasLog Partners Signs New Charter Deal with Cheniere

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.

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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.