Flex LNG has signed a new time charter (TC) agreement for Flex Constellation, an advanced liquefied natural gas (LNG) carrier with a capacity of 173,000 cubic meters.
Under terms of the 15-year deal, Flex LNG will start the charter in the first half of 2026 with maturity in 2041. The TC also includes an extension option for the charterer until 2043.
Flex Constellation has a ME-GI two stroke propulsion and partial reliquefication system (PRS). The carrier is currently on a 10-year charter a large Asian utility and asset backend LNG trader until the end of the first quarter 2025.
Øystein Kalleklev, CEO of Flex LNG Management, said that the charter will further increase the company’s backlog and earning visibility with a charter rate for the new period in line with the existing charter rate for the vessel.
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