GasLog Partners completes GasLog Geneva purchase

GasLog Partners completes GasLog Geneva purchase
Illustration purposes only (Image courtesy of GasLog)

GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, have closed the acquisition of LNG carrier GasLog Geneva from its parent company. 

In an earlier statement, GasLog Partners said the acquisition is valued at $211 million.

GasLog Geneva is a 174,000 cubic meter tri-fuel diesel electric liquefied natural gas carrier built in 2016 and operated by GasLog since delivery.

The vessel is currently on a long-term time charter with a unit of Shell through September 2023. Shell has two consecutive extension options which, if exercised, would extend the charter for a period of either five or eight

Shell has two consecutive extension options which, if exercised, would extend the charter for a period of either five or eight years.

The partnership’s fleet now consists of 11 LNG carriers with an average carrying capacity of approximately 154,000-cbm.

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >