Press Release

Dynagas LNG Partners L.P. Announces LNG Carrier Acquisition from Dynagas Holding Ltd. and Management’s Intention to Recommend a Quarterly Distribution Increase to the Board of Dynagas LNG Partners L.P

18 Dec 2015

MONACO – December 18, 2015 - Dynagas LNG Partners LP (“Dynagas Partners” or the “Partnership”) (NYSE: “DLNG”), an owner and operator of LNG carriers, today announced that on December 17, 2015, it has entered into an agreement with Dynagas Holding Ltd., the sponsor of the Partnership (the “Sponsor”), to purchase 100% of the ownership interests in the entity that owns and operates the Lena River, a 2013 built 155,000 cubic meter ice class liquefied natural gas carrier, and the related time charter contract with Gazprom Global LNG Limited (the “Gazprom Charter”), for an aggregate purchase price of $240.0 million. The closing of the Lena River acquisition is expected to take place on or before December 31, 2015 and is subject to customary closing conditions.

More details: dlng121815.pdf



 
 
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