FLEX LNG agrees time charter with Endesa
December 19 2019 - 6:00AM
FLEX LNG agrees time charter with Endesa
Hamilton, Bermuda
December 19, 2019
Flex LNG Ltd (Flex LNG or the Company) (OSE/NYSE:FLNG) today
announce that it has entered into a new time charter with Endesa
for the vessel Flex Ranger. Endesa is a leading company in the
Spanish electricity sector and the second largest operator in the
Portuguese market as well as a subsidiary of Enel Group. The firm
period under the new time charter is 12 months and will commence in
direct continuation of an existing time charter with Enel which
expires on or about June 2020. Endesa will also have the option to
extend the time charter by an additional 12 months subsequent to
the firm period maturing on or about June 2021.
Øystein M. Kalleklev, Chief Executive Officer of Flex LNG
Management AS, commented:
“We are pleased to announce that Endesa has elected to time
charter Flex Ranger in direct continuation of our existing time
charter with Enel when this expires in June next year. This charter
party adds additional revenue backlog to a first class charter in
line with our communicated strategy.”
For further information, please contact:
Øystein M. Kalleklev, Chief Executive Officer of Flex LNG
Management AS
Telephone: +47 23 11 40 00
E-Mail: IR@flexlng.com
About FLEX LNG LTD
Flex LNG is shipping company focused on the growing market for
Liquefied Natural Gas (LNG). Our fleet consists of six LNG
carriers on the water and seven newbuildings for delivery in
2020/21. All our vessels are state-of-the-art ships with the latest
generation two-stroke propulsion (MEGI and X-DF). These modern
ships offers significant improvements in fuel efficiency and thus
also carbon footprint compared to the older steam and four-stroke
propelled ships. Flex LNG is listed both on the New York Stock
Exchange (NYSE) and Oslo Stock Exchange (OSE) under the ticker
“FLNG”.
Forward Looking Statements
This press release contains certain
forward-looking statements relating to the business, financial
performance and results of the Company and/or the industry in which
it operates, sometimes identified by the words “believes”,
“expects”, “intends”, “plans”, “estimates” and similar expressions.
The forward-looking statements contained in this release, including
assumptions, opinions and views of the Company or cited from
third-party sources, are solely opinions and forecasts which are
subject to risks, uncertainties and other factors that may cause
actual events to differ materially from any anticipated
development. The Company does not provide any assurance that that
the assumptions underlying such forward-looking statements are free
from errors, nor does the Company accepts any responsibility for
the future accuracy of the opinions expressed in the presentation
or the actual occurrence of the forecasted developments. No
obligations are assumed to update any forward-looking statements or
to conform to these forward-looking statements to actual
results.
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