GasLog has secured long-term employment for another of its LNG carrier newbuildings, this time from a Spanish utility company.

Endesa has booked the 180,000-cbm GasLog Warsaw for a firm period of eight years, commencing in May 2021, plus two optional extension periods of six years each.

The newbuilding is expected to be delivered from Samsung Heavy Industries in July this year, when it will begin trading in the spot market.

“Before commencing its long-term charter to Endesa in May 2021, the vessel will be available during a period when we expect the spot market to be strong, especially during the 2019/2020 and 2020/2021 winters,” said Paul Wogan, GasLog’s chief executive, in a release.