GasLog inks new LNG carrier charter deal

Peter Livanos-led GasLog has signed a new charter deal for one of its liquefied natural gas (LNG) carriers.

The TFDE LNG carrier in question is the 2010-built GasLog Savannah with a capacity of 155,000 cbm.

GasLog revealed the charter deal last month in its second-quarter results report.

The firm signed the multi-month time charter party agreement with a “multinational oil and gas company”.

GasLog said in the report it expects the charter to start in the third quarter of 2022.

The charterer of GasLog Savannah is the same “multinational oil and gas company” that booked one out of the four vessels GasLog ordered from South Korea’s Daewoo Shipbuilding and Marine Engineering, according to the firm.

In December last year, GasLog placed an order for four ME-GI LNG carriers at DSME with deliveries scheduled in 2024 and 2025.

Two of these four 174,000-cbm LNG carriers will go on charter to Australia’s LNG producer Woodside and one ship will serve Japan’s trading house Mitsui & Co.

Earlier this year, GasLog said in its first-quarter report it had chartered the fourth vessel in this batch for a period of seven years.

This charter will start upon delivery of the vessel scheduled for the third quarter of 2024.

During the second-quarter, Gaslog was also awarded a one-year charter deal by Greece’s DESFA for the 145,000-cbm Methane Lydon Volney.

The 2006-built LNG vessel serves as a floating storage unit at DESFA’s Revithoussa LNG import facility in Greece.

Besides these deals, Gaslog Partners also secured two new charter deals and decided to sell one steam LNG carrier during the second quarter.

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