Flex LNG secures Cheniere charter extension

John Fredriksen-backed Flex LNG has sealed a 200-day charter extension with Cheniere Marketing International for one of its liquefied natural gas carriers.

The subsidiary of US LNG-producing giant Cheniere Energy has exercised its option to keep the 2021-built 174,000 cu m
Flex Vigilant until the second quarter of 2031, after fixing the vessel to the fourth quarter of 2030 last year.

The New York and Olso-listed company with a fleet of 13 LNG carriers, of which five are on charter with Cheniere, booked $39m in second-quarter profit and declared a dividend of $0.75 per share.

The company’s CEO, Øystein Kalleklev, said that following this agreement Flex LNG’s minimum fixed rate contractual backlog is about 54 years in aggregate which may increase to 80 years if options are exercised.

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