Skip to main content

Centrica signs LNG carrier charter deal

Published by
LNG Industry,

Centrica plc has announced that it has signed a deal with GasLog Ltd to charter a new-build LNG carrier for seven years, starting in late 2019.

Delivery of the LNG carrier, which has a capacity of 180 000 m3, is expected to coincide with first commercial delivery of the Centrica supply contract to purchase an annual volume of 89 billion ft3 of LNG for export from Cheniere Energy’s Sabine Pass liquefaction plant in Louisiana, US.

Jonathan Westby, Co-Managing Director Energy Marketing and Trading and Global Head of LNG, said: “I am delighted that we are able to conclude this long-term charter agreement with GasLog and we look forward to building a successful partnership with them as Centrica continues to develop its presence in the global LNG market.”

The contract, which is on a ‘Free on Board’ (FOB) basis, is for an initial 20-year period with the option for a 10-year extension.

Read the article online at:

You might also like


[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »


Embed article link: (copy the HTML code below):