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GasLog Ltd. Announces the Appointment of Bruno Larsen as Head of FSRU Development

MONACO, March 16, 2016 (GLOBE NEWSWIRE) -- GasLog Ltd. (“GasLog”) (NYSE:GLOG), an international owner, operator and manager of liquefied natural gas (“LNG”) carriers, announces that it has appointed Bruno Larsen as Head of Floating, Storage and Regasification Unit (“FSRU”) Development. Mr. Larsen has extensive experience in the LNG and FSRU sectors and will be responsible for leading GasLog’s commercial FSRU activities.

Mr. Larsen has 30 years of international experience in the global oil and gas industry, especially within the LNG sector, including LNG production, LNG shipping, floating production storage and offloading vessels, floating offshore import terminals and new technology.

Prior to joining GasLog, Mr. Larsen held a number of senior LNG roles at WorleyParsons, BW Offshore, Hamworthy, Hoegh LNG and Total.

GasLog is currently evaluating a number of FSRU opportunities as well as undertaking a front-end engineering and design (“FEED”) study at the Keppel shipyard in Singapore. The study is focused on the potential conversion of GasLog’s and GasLog Partners LP’s existing steam and tri-fuel diesel electric LNG carriers into FSRU vessels.

Speaking on his appointment, Mr. Larsen commented, “I am delighted to join GasLog, one of the leading LNG transportation companies in the world. GasLog has the technical expertise and the platform to become a leading player in the FSRU market and I am excited around the future opportunities for the company.”

Paul Wogan, Chief Executive Officer of GasLog Ltd. commented, “We are very happy to welcome Bruno to GasLog to lead our FSRU development. He brings a wealth of experience and joins us at an exciting time in the development of the FSRU market. Given the significant volumes of new LNG production due to come online over the next few years, we expect FSRU’s will play an increasingly important role in creating new markets for LNG. Bruno’s knowledge and experience will further enhance GasLog’s capabilities as we move into this growing sector of the market.”

About GasLog Ltd.
GasLog is an international owner, operator and manager of LNG carriers. GasLog’s fully-owned fleet includes 18 LNG carriers (including 10 ships in operation and 8 LNG carriers on order) and GasLog has four LNG carriers operating under its technical management for third parties. GasLog Partners LP, a master limited partnership formed by GasLog, owns a further eight LNG carriers. GasLog’s principal executive offices are at Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco. GasLog’s website is http://www.gaslogltd.com.

Contacts: Jamie Buckland – Head of Investor Relations Phone: +44 203 388 3116 Email: ir@gaslogltd.com

Source:GasLog Ltd.