Company: DLNG
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001104659-25-033744
Chunk: 190

Company: Dynagas LNG Partners LP
Filing Date: 2025-04-10
Form: 20-F
Item: Item 4
Chunk 190
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 the Yenisei River with Yamal in the Yamal LNG Project has an initial term of 15.5 years, which may be extended at Charterers’ option by three consecutive periods of five years.
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(2)   On July 1, 2019, the Lena River commenced employment under its long-term charter with Yamal. The charter contract for the Lena River with Yamal in the Yamal LNG Project has an initial term of 15 years, which may be extended at Charterers’ option by three consecutive periods of five years.
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49

Our Chartering Strategy and Charterers
We seek, wherever possible, to employ our vessels on multi-year time charters with international energy companies that provide us with the benefits of stable cash flows and high utilization rates. We have chartered our vessels for a fixed period of time at daily rates that are generally fixed, but which could contain a variable component to adjust for, among other things, inflation and/or to offset the effects of increases in operating expenses.
The Amur River is employed under a 13-year charter party with SEFE that expires in 2028.
The Ob River is employed under a ten-year charter party with SEFE that expires in 2028.
The Clean Energy is employed under an eight-year charter party with SEFE that expires in 2026. Following the expiration of its current charter, the Clean Energy is contracted to be employed on a two-year charter party with NextDecade that is schedule to expire in 2028.
The Arctic Aurora is employed under a three-year charter party with Equinor that expires in 2026.Following the expiration of its current charter, the Arctic Aurora is contracted to be employed on a seven-year charter party with NextDecade that is scheduled to expire in 2033.
The charters of the Amur River, the Ob River and the Clean Energy are under the control of the German government since April 4, 2022 when Gazprom Germania (and all its subsidiaries), the indirect parent of Gazprom Marketing and Trading (GMT Singapore), was placed under the control of the German Government (Federal Network Agency) and renamed to SEFE GmbH. The vessels under the time charters with SEFE no longer trade from Russian LNG ports.
On August 14, 2018, immediately upon completion of its mandatory statutory class five-year special survey and dry-docking, the Yenisei River was delivered earlier than anticipated under