Energy Super Major forms Time-Charter Agreement with Flex LNG

An international energy super major has secured a 12-month time-charter agreement with Flex LNG. The agreement begins in the first quarter of 2019 and has options for extension. The agreement reflects a variable rate based on market performance.

Flex LNG’s CEO, Øystein Kalleklev, stated, “This contract provides full utilization with a first class charterer as well as exposure to the development of freight rates for large LNG carriers which we have a positive view on.”