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    Flex LNG, Cheniere extend charters for three LNGCs

Summary

The new agreement extends the charter periods for up to an additional 19 years in aggregate.

by: Shardul Sharma

Posted in:

Complimentary, Natural Gas & LNG News, Americas, Europe, Liquefied Natural Gas (LNG), News By Country, Norway

Flex LNG, Cheniere extend charters for three LNGCs

Norway-based shipping firm Flex LNG on November 23 announced an extension of the time charter agreements with US-based Cheniere for three LNG carriers (LNGCs).

Prior to this agreement, the three ships - Flex Endeavour, Flex Ranger and Flex Vigilant - have about six years in aggregate of the remaining firm charter period. The new agreement extends the charter periods for up to an additional 19 years in aggregate.

Cheniere Marketing International (CMI), a unit of Cheniere, will continue to charter these three ships for an aggregate period of up to 25 years with a minimum period of around 20 years in aggregate.

In addition, there are about six and a half years of minimum backlog for Flex Volunteer and Flex Aurora with CMI with an additional four years of optional backlog for these two ships, Flex LNG said.