GasLog Partners LP Announces Closing Of GasLog Seattle Acquisition From GasLog Ltd.
02 November 2016 - 7:10AM
GasLog Partners LP (NYSE:GLOP) ("GasLog Partners" or the
"Partnership") and GasLog Ltd. (NYSE:GLOG) ("GasLog") announced
today the closing of the Partnership's acquisition from GasLog of
100% of the shares in the entity that owns and charters GasLog
Seattle.
GasLog Seattle is a 155,000 cubic meter tri-fuel diesel
electric liquefied natural gas ("LNG") carrier built in 2013 and
operated by GasLog since delivery. The vessel is currently on a
multi-year time charter with a wholly owned subsidiary of Royal
Dutch Shell plc ("Shell") through December 2020. Shell has two
consecutive 5-year extension options, which if exercised, would
extend the charter for a period of either 5 or 10 years.
About GasLog Partners GasLog Partners is a
growth-oriented master limited partnership focused on owning,
operating and acquiring LNG carriers under multi-year charters.
GasLog Partners' fleet consists of nine LNG carriers with an
average carrying capacity of approximately 149,500 cbm, each of
which has a multi-year time charter. GasLog Partners' principal
executive offices are located at Gildo Pastor Center, 7 Rue du
Gabian, MC 98000, Monaco.
About GasLog GasLog is an international owner, operator
and manager of LNG carriers providing support to international
energy companies as part of their LNG logistics chain. GasLog's
consolidated fleet consists of 27 LNG carriers (22 ships on the
water and 5 on order). GasLog also has an additional LNG carrier
which was sold to a subsidiary of Mitsui Co. Ltd. and leased back
under a long-term bareboat charter. GasLog's consolidated fleet
includes nine LNG carriers in operation owned by GasLog's
subsidiary, GasLog Partners. GasLog's principal executive offices
are at Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco.
Contacts: Simon Crowe Chief Financial Officer Phone: +44
203 388 3108
Jamie Buckland Head of Investor Relations Phone:
+44 203 388 3116 Email: ir@gaslogltd.com
Samaan Aziz Investor Relations Manager Phone: +1
212 223 0643 Email: ir@gaslogmlp.com
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