Brief: Gaslog Ltd Announces Charter To Centrica For Seven Years

GasLog Partners LP

30/05/2018 12:29

May 30 (Reuters) - GasLog Ltd  GLOG.N :
    * GASLOG LTD. ANNOUNCES A CHARTER TO CENTRICA FOR SEVEN
YEARS AND
PLACES A NEWBUILDING ORDER AT SAMSUNG HEAVY INDUSTRIES
    * GASLOG LTD - RATE OF HIRE FOR CHARTER IS BROADLY IN LINE
WITH
MID-CYCLE RATES
    * GASLOG - 180,000 CUBIC METER LNG CARRIER (HN 2262) ORDERED
FROM
SAMSUNG HEAVY INDUSTRIES IN SOUTH KOREA, WITH EXPECTED DELIVERY
IN Q3 2020
    * GASLOG LTD - CO AND CENTRICA SEPARATELY AGREED OPTIONALITY
IN
RELATION TO ACTUAL VESSEL TO BE DELIVERED INTO CHARTER
    * GASLOG LTD - OPTIONALITY ALLOWS, INSTEAD OF HN 2262,
EITHER HN
2212 OR HN 2274 TO BE DELIVERED INTO CHARTER
    * GASLOG LTD - GASLOG PARTNERS LP HAS RIGHT TO ACQUIRE
VESSEL
DELIVERED INTO CHARTER PURSUANT TO OMNIBUS AGREEMENT BETWEEN CO
AND GASLOG PARTNERS
    * GASLOG - GASLOG PARTNERS' POTENTIAL DROPDOWN PIPELINE TO
INCREASE TO 9 LNG CARRIERS WITH CHARTER LENGTH OF 5 YRS OR MORE
DUE TO RIGHT TO ACQUIRE VESSEL

Source text for Eikon:  ID:nGNX7yWhvn 
Further company coverage:  GLOG.N 

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