Dynagas LNG Partners, Equinor extend charter for Arctic Aurora

Norway’s Equinor will continue to use the 155,000-cbm LNG carrier, Arctic Aurora, for about three more years as part of a new deal revealed by Dynagas LNG Partners on Friday.

Dynagas LNG Partners said in a statement that the new charter deal for the 2013-built LNG carrier would start in September 2023 in direct continuation of the current charter deal with Equinor.

Equinor has been using Arctic Aurora to ship LNG since its delivery in 2013.

The new time charter period would add about $116.5 million to the partnership’s existing contracted revenue backlog, Dynagas LNG Partners said.

Chief executive Tony Lauritzen recently revealed that the firm had expected to secure a new charter for this LNG carrier in the first quarter of 2023 as “there continues to be strong demand for LNG time shipping.”

Lauritzen welcomed the new deal with Equinor in the statement on Friday. He said that the new deal reflects the company’s long-standing relationship with the Norwegian firm.

Besides this LNG carrier, Dynagas LNG Partners owns five more LNG tankers which operate under long-term charters.

Following this deal, the earliest contracted re-delivery date for any of the company’s six LNG carriers is in the first quarter of 2026 for the 2007-built 149,700-cbm, Clean Energy, chartered by SEFE.

Most Popular

TotalEnergies CEO expects US financing for Mozambique LNG to be approved in weeks

In May 2020, EXIM voted to amend the agency's previously approved September 2019 direct loan supporting US exports for...

Gastrade: Alexandroupolis FSRU remains offline due to technical issue

"For the moment, regasification services have been suspended due to a technical issue, for which we will provide further...

PetroVietnam Gas expects to award Thi Vai LNG expansion contract this year

This was revealed during a meeting between officials from PetroVietnam and PetroVietnam Gas on February 3, according to a...

More News Like This

Norway’s Equinor restarts Hammerfest LNG export plant

Gassco data showed on Monday that the unplanned shutdown event ended on Sunday. A spokeswoman for Equinor also confirmed the...

Equinor extends shutdown of Hammerfest LNG export plant

Equinor decided to stop production on January 2 due to an issue on a compressor which reinjects CO2 to...

Norway’s Equinor shuts Hammerfest LNG terminal

Gassco data showed on Thursday that Hammerfest LNG will be offline until January 9, 2025. LNG Prime invited Equinor to...

Northern Lights welcomes second LNG-powered LCO2 carrier in its fleet

The second Northern Lights JV’s LNG-powered liquefied CO2 carrier has been delivered in China. Northern Lights, the JV consisting of...