GasLog Partners to buy LNG trio

GasLog Partners to buy LNG trio from GasLog

GasLog Partners have entered into an agreement with its parent company, GasLog, to buy three 145,000 cbm LNG tankers, namely the Methane Alison Victoria, Methane Shirley Elisabeth and Methane Heather Sally.

The acquisition is priced at $483 million, which includes $3 million for positive net working capital balances to be transferred with the vessels.

The acquisition is subject to the partnership obtaining the funds necessary to pay the purchase price and the satisfaction of certain other closing conditions, GasLog Partners said in a statement.

The partnership expects to finance the acquisition with a combination of equity and the assumption of the vessels’ existing credit facilities.

GasLog acquired the three LNG tankers, built in 2007, from an affiliate of BG Group in June 2014.

The company supervised the construction of each vessel and has provided technical management for the ships since delivery.

The vessels are currently operating under long-term time charters with BG with terms of 4.5 years, 5 years and 5.5 years remaining, respectively.

BG has the option to extend two of the three charters for an additional period of either three or five years following the initial charter period.

 

LNG World News Staff; Image: BG Group

 

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 >