- CEO
- Paolo Enoizi
- Full Time Employees
- 1,821
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Address
- 69 Akti Miaouli Piraeus Greece 18537
- IPO Date
- Jul 21, 2023
- Business
- GasLog Partners LP (NYSE: GLOP-PA, GLOP-PB, GLOP-PC) owns, operates and acquires liquefied natural gas (LNG) carriers under long-term charters; the Partnership provides maritime transportation services for LNG cargoes to major energy companies worldwide. The Partnership operates a fleet of 15 LNG carriers, comprising modern tri-fuel diesel electric (TFDE) and steam turbine vessels with capacities ranging from approximately 145,000 to 174,000 cubic meters; these vessels secure revenue through multi-year time charters and spot market employment with counterparties including Shell plc, Cheniere Energy Inc., Trafigura Group and Naturgy SA, supplemented by sale-leaseback financing arrangements such as the 2023 transaction involving the GasLog Sydney vessel for $140 million. GasLog Partners LP, formed in 2014 and headquartered in Piraeus, Greece under the control of its general partner GasLog Partners GP LLC (a subsidiary of GasLog Ltd.), maintains operations across global LNG shipping routes with administrative functions in the Marshall Islands; the Partnership targets growth through vessel dropdowns from GasLog Ltd., third-party acquisitions and fleet optimization amid rising LNG demand. In July 2023, GasLog Ltd. completed the acquisition of the Partnership's remaining publicly held common units for $8.65 per unit, taking the entity private and simplifying its capital structure following a definitive merger agreement announced in April 2023 valued at approximately $310 million; this transaction followed prior strategic moves including the 2019 elimination of incentive distribution rights and ongoing deleveraging efforts, with quarterly common unit distributions maintained at a reduced $0.01 per unit since 2020 to prioritize balance sheet strength and preference unit repurchases. The Partnership filed its latest Annual Report on Form 20-F for the year ended December 31, 2023 in March 2024 and continued reporting for the fiscal year ended December 31, 2024 as of March 2025, reflecting sustained focus on operational efficiency and debt reduction in a market facing vessel oversupply and environmental regulatory pressures.