GasLog Partners LP announces closing of Gaslog Greece acquisition from Gaslog Ltd.
Thursday, May 04, 2017
GasLog Partners LP (NYSE:GLOP) ("GasLog Partners" or the "Partnership") and GasLog Ltd. (NYSE:GLOG) ("GasLog") announced the closing of the Partnership's acquisition from GasLog of 100% of the shares in the entity that owns and charters GasLog Greece.
GasLog Greece is a 174,000 cubic meter tri-fuel diesel electric liquefied natural gas ("LNG") carrier built in 2016 and operated by GasLog since delivery. The vessel is currently on a long-term time charter with a wholly owned subsidiary of Royal Dutch Shell plc ("Shell") through March 2026. Shell has the option to extend the charter for a further five years.
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