Company: DLNG
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001104659-25-033744
Chunk: 24

Company: Dynagas LNG Partners LP
Filing Date: 2025-04-10
Form: 20-F
Item: Item 3
Chunk 24
---
 of alternative energy sources or other factors making consumption of natural gas less attractive;  

  changes in governmental and maritime self-regulatory organizations’ rules and regulations or actions taken by regulatory authorities;  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  environmental concerns and uncertainty around new regulations in relation to, amongst others, new technologies which may delay the ordering of new vessels;  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  any significant explosion, spill or other incident involving an LNG facility or carrier;  

  infrastructure constraints, including but not limited to, delays in the construction of liquefaction facilities, the inability of project owners or operators to obtain governmental approvals to...  

  labor or political unrest or military conflicts affecting existing or proposed areas of LNG production or regasification;  

  the effect of applicable tariffs, trade barriers, embargos and regulatory requirements, and changes thereto;  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  concerns regarding pandemics, other diseases and viruses, safety and terrorism;  

  decreases in the price of LNG, which might decrease the expected returns relating to investments in LNG projects;  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  new taxes or regulations affecting LNG production or liquefaction that make LNG production less attractive; or  

  negative global or regional economic or political conditions, particularly in LNG consuming regions, which could reduce energy consumption or its growth.  

Reduced demand for LNG and LNG shipping or any reduction or limitation in LNG production capacity, could have a material adverse effect on our ability to secure future multi-year time charters upon expiration or early termination of our current charter arrangements, or for any new ships we acquire, which could harm our business, financial condition, results of operations and cash flows, including cash available for distribution to our unitholders.

Table of Contents

Fluctuations in overall LNG demand growth could adversely affect our ability to secure future time charters.

According to Drewry Shipping Consultants Ltd., or Drewry, LNG trade has increased during 2016 and 2024. While India and China were main drivers of LNG trade during 2016-18, Europe played a dominant role in 2019. China’s LNG import growth rate declined 14.8% year over year to 61.9 million tons in 2019. Previously, China