LNG

GasLog LNG Partners with an operational fleet of 12 vessels reported annual profit of $119 million on revenues of $379M amid a strong charter market with signs pointing to very positive prospects for the rest of 2023.

GasLog, the LNG shipping company with a fleet of 34 carriers in the Group, benefited from the vibrant spot charter market during the third quarter to increase revenues and profits and signed new time charter agreements.

Woodside Petroleum, the operator of the North West Shelf and Pluto LNG export plants in Western Australia, said first-quarter LNG sales revenues increased to US$2.04 billion from US$838 million in the prior-year quarter as plans advanced for liquefaction and feed-gas expansions.

Dec 27 (LNGJ) - GasLog Ltd, the Monaco-based LNG fleet owner with 25 ships operating and nine others on order, is chartering more vessels to US LNG producer Cheniere Energy, owner of the Sabine Pass plant in Louisiana and the Corpus Christi facility in Texas. “Cheniere Marketing International has exercised its option for two new charter party agreements, each for a firm period of seven years. To fulfil the charters, two LNG carriers have been ordered from Samsung Heavy Industries in South Korea,” explained GasLog.