LNG

Oct 30 (LNGJ) - GasLog LNG Partners, a US-listed affiliate of Monaco-based LNG shipping fleet operator GasLog Ltd, which has almost 30 vessel, achieved positive results from its three carriers handed down by the parent company. The partnership business model is long-term, fixed-rate charters with strong counterparties. "We take no commodity price risk, and our fleet is 100 percent contracted through May 2018, when we expect significantly increased demand for LNG shipping. With the recently announced $1.3 billion credit facility at GasLog, our parent company does not require additional financing for its newbuilding program of eight vessels, seven of which have long-term charters and are eligible for drop-down into GasLog Partners. In total, we have a drop-down pipeline of 12 vessels, each with attractive contracts for future acquisition by the partnership."