6-K 1 f71323dlng6k.htm Converted by EDGARwiz

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


FORM 6-K


REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934


For the month of July 2023


Commission File Number:  001-36185


Dynagas LNG Partners LP

(Translation of registrant’s name into English)

 

Poseidonos & Foivis 2 Street

16674 Glyfada, Athens, Greece

(Address of principal executive office)


Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.


Form 20-F [ X ]       Form 40-F [  ]





INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached as Exhibit 99.1 to this Report on Form 6-K is a copy of the press release of Dynagas LNG Partners LP (the “Partnership”) dated July 13, 2023: DYNAGAS LNG PARTNERS LP ANNOUNCES NEW TIME CHARTERS FOR THE LNG CARRIERS “CLEAN ENERGY” AND “ARCTIC AURORA”.  


The information contained in this Report on Form 6-K is hereby incorporated by reference into the Partnership’s registration statement on Form F-3 (File No. 333-240014) that was filed with the U.S. Securities and Exchange Commission with an effective date of August 19, 2020.



 




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: July 13, 2023

 

 

 

 

DYNAGAS LNG PARTNERS LP

 

 

 

 

 

By:

/s/ Tony Lauritzen

 

 

 

Name:

Tony Lauritzen

 

Title:

Chief Executive Officer 


 



Exhibit 99.1

[f71323dlng6k002.gif]



DYNAGAS LNG PARTNERS LP ANNOUNCES NEW TIME CHARTERS FOR THE LNG CARRIERS “CLEAN ENERGY” AND “ARCTIC AURORA”


ATHENS –13 July, 2023 – Dynagas LNG Partners LP (NYSE: “DLNG”) (“Dynagas Partners” or the “Partnership”), an owner and operator of liquefied natural gas (“LNG”) carriers, today announced the following:


The Partnership entered into the following new time charter party agreements with Rio Grande LNG, LLC ("Rio Grande"), a subsidiary of NextDecade Corporation (NASDAQ: NEXT), adding approximately $270 million to its existing revenue backlog:


·

The 2007 built LNG carrier “Clean Energy” has been employed for a time charter period of about 2 years, commencing between March – May 2026 following the expiration of the existing Time Charter to SEFE Marketing & Trading.


·

The 2013 built LNG carrier “Arctic Aurora” has been employed for a time charter period of about 7 years, commencing between September – November 2026 following the expiration of the existing Time Charter to Equinor ASA.   


Tony Lauritzen, Chief Executive Officer of Dynagas LNG Partners LP, commented:

 

“We are very pleased to enter into these new agreements and providing shipping for NextDecade’s Final Investment Decision approved LNG export facility in Brownsville, Texas. We look forward to building on and developing our relationship with NextDecade for many years to come.”


About Dynagas LNG Partners LP

Dynagas LNG Partners LP. (NYSE: DLNG) is a master limited partnership which owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters. The Partnership’s current fleet consists of six LNG carriers, with aggregate carrying capacity of approximately 914,000 cubic meters.


Visit the Partnership’s website at www.dynagaspartners.com


Contact Information:

Dynagas LNG Partners LP Attention:

Michael Gregos

Tel. +30 210 8917960

Email: management@dynagaspartners.com


Investor Relations / Financial Media:

Nicolas Bornozis

Markella Kara

Capital Link, Inc.

230 Park Avenue, Suite 1540

New York, NY 10169

Tel. (212) 661-7566

E-mail: dynagas@capitallink.com


Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.  


The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “expected,” “pending” and similar expressions identify forward-looking statements.  


The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnership’s management of historical operating trends, data contained in its records and other data available from third parties. Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Partnership’s control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.  


In addition to these important factors, other important factors that, in the Partnership’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for Liquefied Natural Gas (LNG) shipping capacity, changes in the Partnership’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Partnership’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see our filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Partnership disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.