Opinion on  Teekay LNG Partners L.P. (TGP)     Sector: Transportation  >  Industry: Water Transportation
Teekay LNG Partners L.P.

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas, liquefied petroleum gas (LPG), and crude oil. It transports LPGs, including propane, butane, and ethane; petrochemical gases, such as ethylene, propylene, and butadiene; and ammonia. The company offers its services under various contractual relationships, such as time charters, where vessels are chartered to customers for a fixed period of time at fixed rates; and voyage charters, which are charters for shorter intervals. It primarily serves energy and utility companies. As of April 1, 2008, its fleet consisted of 9 LNG carriers with approximately 1.16 million cubic meters of capacity; 8 Suezmax class crude oil tankers with 1,252,700 deadweight tones; and 1 LPG carrier. Teekay GP L.L.C. serves as the general partner of Teekay LNG Partners L.P. The company was founded in 2004 and is headquartered in Hamilton, Bermuda. Teekay LNG Partners L.P. is a subsidiary of Teekay Corporation.