Monaco-based international owner, operator and manager of liquefied natural gas (LNG) carriers GasLog has announced plans to relocate more of its people and most of the senior management to the Piraeus, Greece office, home of its operational platform.
As a result, GasLog will close the Monaco office, whilst the London office will focus primarily on chartering activities and company secretarial duties. The offices in Singapore, Korea and the US will be unaffected by the changes.
GasLog CEO, Paul Wogan, and COO, Paolo Enoizi, are already located in Greece along with other members of the senior management team.
The CFO, Alastair Maxwell, and Head of Commercial, Jasper Heikens, will relocate to Greece in early January 2020. The CEO of GasLog Partners LP, Andy Orekar, will continue to be based in the US.
"Throughout this transition period we remain committed to ensuring absolute continuity of our relationships with our customers and business and financial partners. Looking forward, we expect that these changes we are making will allow us to continue to improve our service delivery in all areas of our business," it said in a press note.
"Since GasLog’s inception in 2002, the company has constantly adapted and developed to stay at the forefront of the LNG shipping industry. The diversity and breadth of our customer base has increased considerably, our fleet has grown to 35 ships, our total assets to $5.3 billion and our workforce has expanded. This has been achieved while maintaining the highest standards of safety and service excellence. GasLog is now recognized as one of the leading global providers of LNG shipping services," it added.