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Tuesday, 30 September 2014 08:50

Dynagas LNG Partners L.P. Announces Completion of Acquisition of Yenisei River

Dynagas LNG Partners LP, an owner and operator of LNG carriers, Friday announced that it has completed its previously announced acquisition of 100\% of the ownership interests in the entity that owns and operates the Yenisei River, a 2013 built ice class liquefied natural gas carrier, and the related time charter contract with Gazprom Global LNG Limited, for an aggregate purchase price of $257.5 million.

The Partnership financed this acquisition with the net proceeds of its recently completed $250 million public offering of senior unsecured notes due 2019 and available cash on hand.

Dynagas LNG Partners LP (NASDAQ: DLNG) is a growth-oriented partnership formed by Dynagas Holding Ltd. to own, and operate liquefied natural gas (“LNG”) carriers employed on multi-year charters. The current fleet of Dynagas LNG Partners consists of five LNG carriers, each of which has a carrying capacity of approximately 150,000 to 155,000 cbm.
Source: Dynagas LNG Partners LP


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