GasLog Partners LP (GasLog Partners) announced two new time charter agreements with leading global energy producers. The agreements include a one-year time charter for the GasLog Sydney with a subsidiary of Total S.A. (Total), beginning this week, as well as an approximately 8-month time charter for the Solaris with a subsidiary of Royal Dutch Shell plc (Shell) beginning immediately following the conclusion of its initial multi-year charter with Shell in late July 2021 and extending through the end of Q1 2022.
The GasLog Sydney is a 155,000 cbm TFDE LNG carrier built in 2013 which is currently operating in the LNG carrier spot market.
The Solaris is a 155,000 cbm TFDE LNG carrier built in 2014 currently operating under its initial multi-year time charter with Shell.
Paul Wogan, Chief Executive Officer of GasLog Partners, stated, “I am very pleased to announce these new charters with global energy majors. The agreements are at fixed daily rates of hire at returns in line with the historic long-term average, underscoring the strengthening LNG carrier spot market observed so far this year. Together they improve the Partnership’s revenue and cash flow visibility, further balancing its operational and financial leverage.”
About GasLog Partners
GasLog Partners (NYSE: GLOP) is a growth-oriented owner, operator and acquirer of LNG carriers. The Partnership’s fleet consists of 15 LNG carriers with an average carrying capacity of approximately 158,000 cbm. GasLog Partners is a publicly traded master limited partnership (NYSE: GLOP) but has elected to be treated as a C corporation for U.S. income tax purposes and therefore its investors receive an Internal Revenue Service Form 1099 with respect to any distributions declared and received.
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
About Royal Dutch Shell plc
Royal Dutch Shell plc (LSE: RDSA) is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.





