GasLog
GasLog Ltd. is a Bermuda-incorporated, privately held international owner and operator of LNG carriers and an FSRU stakeholder, serving major global energy companies and new LNG market entrants via long-term time charter contracts.
- Company typePublic
- Founded2001
- HeadquartersHamilton, Bermuda
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What GasLog does
GasLog Ltd. is a Bermuda-incorporated, privately held international owner, operator, and manager of LNG carriers founded in 2001 by the Livanos family through Ceres Hellenic. Following a 2021 going-private transaction backed by BlackRock (via Global Infrastructure Partners) and the subsequent 2024 transfer of that stake to GIC, ownership is held approximately 55% by Blenheim Holdings Ltd. (Livanos family) together with the Onassis Foundation and approximately 45% by GIC, after the 2023 merger of the publicly traded GasLog Partners LP back into the parent. The company operates a consolidated fleet of 36 LNG carriers (34 on the water plus two under construction) and holds a 20% interest in a floating storage and regasification unit (FSRU) terminal via its 2016 investment in Gastrade S.A., targeting emerging LNG import infrastructure markets.
The fleet is built around modern, low-pressure dual-fuel two-stroke X-DF engines achieving boil-off rates of 0.07%, complemented by reliquefaction and sub-cooler systems that improve fuel efficiency and cargo trading flexibility. Vessels are constructed in partnership with Samsung Heavy Industries, with a permanent GasLog presence at the shipyard. Operations are run in-house across design, construction oversight, and trading, supported by approximately 160 onshore staff in Piraeus, London, and Singapore and over 1,600 seafarers, with documented retention rates above 96%.
GasLog generates revenue almost exclusively through multi-year time charter contracts with major international energy companies and new entrants in the LNG market, directly as a B2B enterprise sales motion without intermediaries. The customer base is concentrated among global energy majors, supplemented by FSRU engagements with natural gas distribution operators such as Gastrade. Capital structure was recapitalized in November 2023 via a $2.8 billion five-year sustainability-linked senior secured reducing revolving credit facility, used to refinance outstanding debt and extend charters; in 2024 the company completed full redemption of its Series A Preference Shares and NOK-denominated bonds, intending to delist the preference shares from the NYSE.
GasLog firmographics
Firmographics- Name
- GasLog
- Legal name
- GasLog Ltd.
- Website
- https://gaslogltd.com
- Company type
- Public
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- GasLog Ltd. is a Bermuda-incorporated, privately held international owner and operator of LNG carriers and an FSRU stakeholder, serving major global energy companies and new LNG market entrants via long-term time charter contracts.
- Ownership category
- akta.pro rank
GasLog industry classification
Industry- Product category
- LNG Shipping Services
- akta.pro primary industry
- LNG Shipping & Marine Transportation (LNG Carriers, Chartering) (EUALAFAC)
- akta.pro secondary industries
- Marine Terminals & Port Storage (Jetties, Docking, Bunkering Interfaces) (EUALAEAG), LNG Storage Tanks & Terminal Operations (EUAAACAG)
Keywords
Where GasLog is headquartered
LocationHeadquarters
- HQ city
- Hamilton
- HQ country
- Bermuda
Offices4 records
Markets served
GasLog business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D
Revenue model
- LNG Carrier Time Charters: GasLog generates revenue primarily through time charter contracts where vessels are leased to energy companies for specified periods. The company owns, operates, and manages a fleet of LNG carriers providing transportation services to international energy companies as part of their LNG logistics chain.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Time charter contracts for LNG carriers |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
GasLog product offering
Product offeringCore offering
GasLog is an international owner, operator, and manager of LNG carriers providing transportation services to international energy companies as part of their LNG logistics chain. The company operates a consolidated fleet of 36 LNG carriers (34 on the water and two under construction) plus a 20% interest in a floating storage and regasification terminal, generating revenue primarily through time charter contracts.
Product overview
GasLog is an international owner, operator, and manager of LNG carriers providing support to international energy companies as part of their LNG logistics chain. The company operates a consolidated fleet of 36 LNG carriers (34 on the water and two under construction) plus a 20% interest in a floating storage and regasification terminal. The core product is LNG carrier shipping services, supplemented by Floating Storage and Regasification Units (FSRU) for offshore gas delivery. The company also produces annual ESG/Sustainability Reports documenting its environmental and social performance.
Differentiator
Problem solved
Functional benefit
Products and services
- LNG Carrier Shipping Services International owner, operator and manager of LNG carriers providing support to international energy companies as part of their LNG logistics chain. GasLog's consolidated fleet consists of 36 LNG carriers (34 on the water and two under construction) leased under time charter contracts.
- Floating Storage and Regasification Unit (FSRU) Purpose-built or converted LNG carriers permanently moored offshore that receive LNG from carriers, vaporize the gas, and deliver it into distribution systems. GasLog holds a 20% interest in a floating storage and regasification terminal and continues to explore additional FSRU opportunities.
Companies that use GasLog
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
GasLog technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
GasLog partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Gastrade S.A.coreGasLog invested in Gastrade S.A. in 2016 to develop an independent natural gas system offshore at Alexandroupolis in Northern Greece using an FSRU with other fixed infrastructure. GasLog continues to explore additional FSRU opportunities, targeting early entry into projects.
- Samsung Heavy Industries Co., LtdcoreGasLog partners with Samsung Heavy Industries in South Korea for vessel construction. A permanent GasLog employee is stationed at shipyards to ensure highest levels of safety and operational standards during construction of new LNG carriers with latest propulsion and cargo containment technologies.
- HELMEPA (Hellenic Marine Environment Protection Association)minorHELMEPA is a pioneering voluntary commitment of Greek seafarers and ship owners to safeguard seas from ship-generated pollution, promoting environmental consciousness and safety. GasLog is a proud member. Established in 1982 by George P Livanos.
Scale indicators5 records
Recent moves7 records
Expansion highlights4 records
GasLog competitors and assessment
Company assessmentDirect peers
- Cool Company: Cool Company operates a fleet of modern LNG carriers on long-term time charters to global energy companies, formed from the spin-off and merger of Golar LNG's shipping operations. Directly comparable to GasLog as a pure-play LNG carrier operator with similar charter strategy.
- Golar LNG: Golar LNG is a leading FSRU and LNG shipping company, and partner (with GasLog) in the Gastrade Alexandroupolis FSRU project. Comparable for FSRU infrastructure exposure and FLNG operations alongside shipping services.
- Flex LNG: Flex LNG is a pure-play LNG carrier owner/operator with a modern fleet of vessels on multi-year time charters. It is one of the most direct publicly comparable pure-play LNG shipping peers to GasLog, with similar long-term charter business model and similar vessel specifications.
- Dynagas LNG Partners: Dynagas LNG Partners is a smaller pure-play LNG carrier owner/operator focused on multi-year time charters with major energy companies. Directly comparable business model to GasLog, though smaller fleet and previously structured as a partnership.
- Awilco LNG: Awilco LNG is an independent LNG carrier owner/operator with a smaller fleet serving major energy companies under time charters. Comparable as a pure-play LNG shipping peer, though smaller in scale than GasLog.
- Höegh Evi (formerly Höegh LNG): Höegh Evi is an LNG carrier and FSRU operator with a global fleet and long-term charter contracts. Comparable to GasLog across both LNG shipping and FSRU segments, with similar customer base of major energy companies.
Broad incumbents
- Kawasaki Kisen Kaisha (K Line): K Line is a major Japanese shipping company with LNG carrier operations as part of its broader shipping portfolio. Comparable as an LNG carrier operator competing for similar global charter customers, with diversified exposure across bulk, car carriers, and container shipping.
- Mitsui O.S.K. Lines (MOL): MOL is one of Japan's largest shipping conglomerates with a significant LNG carrier fleet among its diversified business portfolio. Comparable as a major LNG carrier owner operating globally, though LNG is one of many segments versus GasLog's focus.
- Nippon Yusen Kaisha (NYK Line): NYK Line is a major Japanese shipping conglomerate with substantial LNG carrier operations. Comparable as a large incumbent LNG carrier operator serving similar customers, though diversified across container, bulk, and other shipping segments.
Emerging players
- Dorian LPG: Dorian LPG is a VLGC (very large gas carrier) owner transporting LPG. While focused on LPG rather than LNG, Dorian shares similar shipping business model dynamics, capital intensity, and customer base of international energy companies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
GasLog social profiles
Digital presenceGasLog compliance and trust
Trust signalCompliance5 records
GasLog financial estimates
Financial estimateRevenue estimate
Valuation estimate
GasLog leadership team
Management profileNumber of profiles
Profiles3 records
GasLog subsidiaries and ownership
Company hierarchySubsidiaries1 record
GasLog funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GasLog M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GasLog
What does GasLog do?
GasLog is an international owner, operator, and manager of LNG carriers providing transportation services to international energy companies as part of their LNG logistics chain. The company operates a consolidated fleet of 36 LNG carriers (34 on the water and two under construction) plus a 20% interest in a floating storage and regasification terminal, generating revenue primarily through time charter contracts.
Is GasLog a public or private company?
GasLog is a public company. It is classified as family owned and is currently operating.
When was GasLog founded?
GasLog was founded in 2001. It employs 501 to 1,000 people.
Where is GasLog based?
GasLog is headquartered in Hamilton, Bermuda.
How does GasLog make money?
One revenue line is on record: LNG Carrier Time Charters.
Who are GasLog's main competitors?
Direct peers on record are Cool Company, Golar LNG, Flex LNG, Dynagas LNG Partners, Awilco LNG and Höegh Evi (formerly Höegh LNG). Broad incumbents are Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK Line). Dorian LPG is listed as an emerging player.
Does GasLog have an API?
No public API is recorded for GasLog.
What industry is GasLog in?
GasLog's product category is LNG Shipping Services. Its primary akta.pro industry code is EUALAFAC, LNG Shipping & Marine Transportation (LNG Carriers, Chartering), with a secondary code of EUALAEAG, Marine Terminals & Port Storage (Jetties, Docking, Bunkering Interfaces).