By default, Event Log Explorer displays event time in your local time zone. In some cases, you may need to view event time in the other time zones. To change the time zone for a log view, select Log->Time Correction from the main menu.
You can also change the timezone for a computer - using Computer Properties dialog or for all event log files using Preferences dialog->Log Files.
Event Log Explorer always displays a current time zone in the top bar of the log view.