Profile: Teekay LNG Partners LP (TGP)
19 Feb 2019
Teekay LNG Partners L.P., incorporated on November 3, 2004, is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. The Company's fleet, excluding newbuildings, consists of approximately 30 LNG carriers (including the six MALT LNG Carriers, four RasGas 3 LNG Carriers, four Angola LNG Carriers and two Exmar LNG Carriers), over 20 LPG carriers (including 20 Exmar LPG Carriers), approximately seven Suezmax-class crude oil tankers and a Handymax product tanker, all of which are double-hulled. The Company's segments include the liquefied gas segment and the conventional tanker segment. The liquefied gas segment consists of LNG carriers, LPG carriers and multigas carriers, which can carry both LNG and LPG. The conventional tanker segment consists of approximately seven Suezmax-class crude oil tankers and a Handymax product tanker. The Company's vessels primarily operate under long-term, fixed-rate charters with energy and utility companies, and Teekay Corporation.
Liquefied Gas Segment
The Company's LNG carriers include Hispania Spirit, Catalunya Spirit, Galicia Spirit, Madrid Spirit, Al Areesh, Al Daayen, Tangguh Hiri, Tangguh Sago, Arctic Spirit, Polar Spirit, Wilforce, Al Huwaila, Al Kharsaah, Al Shamal, Al Khuwair, Excelsior, Excalibur, Malanje, Soyo, Lobito, Cubal, Meridian Spirit and Magellan Spirit. LPG carriers are mainly chartered to carry LPG on time-charters, contracts of affreightment or spot voyage charters. The Company's LPG carriers include Norgas Pan, Norgas Cathinka, Norgas Camilla, Norgas Unikum, Bahrain Vision, Norgas Napa, Libramont, Sombeke, Courcheville, Eupen, Antwerpen, Waregem and Warinsart. The Company's fleets of LNG and LPG carriers have approximately 4.6 million and 0.7 million cubic meters of total capacity, respectively.
Conventional Tanker Segment
The Company's conventional tankers include Teide Spirit, Toledo Spirit, European Spirit, African Spirit, Asian Spirit, Bermuda Spirit and Hamilton Spirit. The aggregate capacity of the Company's conventional tanker fleet is approximately 1.1 million deadweight tons (dwt).
Teekay LNG Partners LP
4th Floor, 69 Pitts Bay Road
PEMBROKE HM 08