Greek LNG shipowner GasLog has ordered an 180,000 cu m LNG carrier from Korea’s Samsung Heavy Industries to support a new time charter contract from UK energy company Centrica.
The new contract is for a period of seven years, and is expected to commence in the second half of 2019.
While the time charter rate was not revealed, GasLog says it is in line with the company’s average long-term charter rates.
GasLog Partners, the company’s US MLP, has the right to acquire the vessel pursuant to the omnibus agreement between the two companies.
Paul Wogan, CEO of GasLog, commented: “I am delighted to secure a new charter with Centrica, one of the leading European energy companies. This new charter is consistent with GasLog’s strategy of securing long-term contracts with high quality counterparties and further extends the dropdown pipeline to GasLog Partners.”
GasLog now has five newbuildings expected to deliver in the next three years tied to contracts of between 7 and 10 years.
