GasLog orders new LNG pair at SHI as Cheniere exercises charter option

GasLog orders new LNG pair at SHI as Cheniere exercises charter option
Image courtesy of GasLog

Monaco-based LNG shipper GasLog has ordered an LNG carrier pair at the South Korean Samsung Heavy Industries shipyard to serve newly agreed charter deals with Cheniere. 

The shipper said in Wednesday the charters are for a seven-year period, adding that Cheniere exercised its option agreed in August.

Cheniere initially chartered two 174,000 cubic meter LNG carriers with low-pressure two-stroke propulsion have been ordered from SHI, with expected delivery in late 2020.

Speaking in August, GasLog CEO, Paul Wogan said the company is continuing to expand its fleet with newbuilds backed by long-term contracts.

He added that further incremental shipping capacity will be needed to supply forecast LNG demand growth.

GasLog’s consolidated owned fleet consists of 34 LNG carriers, including 25 ships on the water and nine on order.

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