- Business
- GasLog Partners LP (NYSE: GLOP-PA, GLOP-PB, GLOP-PC) acquires, owns, and operates liquefied natural gas (LNG) carriers under long-term multi-year charters; provides worldwide LNG transportation services to energy companies; and maintains a fleet comprising ten wholly-owned LNG carriers with an average carrying capacity of approximately 159,000 cbm, plus four vessels on bareboat charters. The partnership operates in the maritime transportation segment of the energy industry, targeting LNG producers, traders, and utilities as primary customers across global trade routes. Founded in 2014 and headquartered in Majuro, Republic of the Marshall Islands, with key operational offices in Piraeus, Greece, GasLog Partners functions as a subsidiary of GasLog Ltd. following the parent's acquisition of all outstanding common units not already owned by it in July 2023. In a major strategic shift, GasLog Ltd. completed the merger acquiring the remaining 69.8% of publicly held common units for approximately $310 million in 2023, simplifying the corporate structure and aligning operations under unified ownership. The partnership filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, in March 2025, affirming ongoing fleet operations and electing C corporation tax treatment for U.S. income tax purposes, with investors receiving IRS Form 1099 for distributions.