GasLog Ltd., an international owner, operator and manager of liquefied natural gas ("LNG") carriers, announces that Keppel Shipyard Limited ("Keppel") has begun ordering long lead items ("LLI's") required for the conversion of a GasLog or GasLog Partners LP ("GasLog Partners", NYSE: GLOP) LNG carrier to a floating storage and re-gasification unit ("FSRU").

The LLI's include pumps, vaporizers, heat exchangers and low duty compressors, which are vital equipment for the conversion process. The LLI's take approximately 12 months to deliver at a total cost of around $16 million.

Ordering the LLI's reduces the time necessary to convert an LNG carrier from between 18-20 months to 6-8 months once the LLI's are delivered.

Keppel is the world's leading shipyard for FSRU conversions, having carried out 3 successful conversion projects in the past.

Securing the LLI's at this time, puts GasLog in a position to offer a fast track solution for FSRU projects in the future. GasLog is working on a number of potential projects where the LLI's could be used in a vessel conversion and has a number of well suited candidates for conversion in its fleet of LNG carriers.

Paul Wogan, Chief Executive Officer of GasLog Ltd., stated: "GasLog's success in developing both its FSRU capability and its industry relationships has allowed the early ordering of the LLI's. This is a reflection of the progress we are making with a number of different projects around the world."

About GasLog Ltd.

GasLog ("GasLog", NYSE: GLOG) is an international owner, operator and manager of LNG carriers. GasLog's fully-owned fleet includes 19 LNG carriers (including 13 ships in operation and 5 LNG carriers on order) and GasLog has four LNG carriers operating under its technical management for third parties. GasLog Partners LP, a master limited partnership formed by GasLog, owns a further nine LNG carriers.

About Keppel Shipyard

Keppel Shipyard is the trusted industry name for the repair, conversion and upgrading of a diverse range of vessels, and a global leader in the conversion of Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels and Floating Storage and Re-gasification Units (FSRU), as well as the fabrication and installation of turrets and mooring systems, and topside process modules. Keppel Shipyard is currently undertaking the world's first-of-its-type Floating Liquefaction Facility conversion.