Germany takes over Dynagas LNG vessels

Dynagas LNG Partners has said that the German government has picked up the charters of its three LNG carriers previously fixed to Russia’s Gazprom.

The vessels have been under the control of Germany’s Federal Network Agency since April after it took over Gazprom Germania and all its subsidiaries, the indirect parent of Gazprom Marketing and Trading, a Singapore-based affiliate of Gazprom.

The 2007-built Ob River and Clean Energy, as well as the 2008-built Amur River, which were chartered to a unit of Russian energy giant Gazprom until 2026 and 2028, are now effectively under the control of the German government for an indefinite period of time.

The US-listed Dynagas has six LNG carriers in its fleet, all operating under long-term charters with an average remaining contract term of six-and-a-half years.