Teekay Lng Partners L p
Business Description
Teekay LNG Partners L.P. is an international provider of marine transportation
services for LNG, LPG and crude oil. We were formed in 2004 by Teekay Corporation
(NYSE: TK), a portfolio manager of marine services to the global oil and natural
gas industries, to expand its operations in the LNG shipping sector. Our primary
growth strategy focuses on expanding our fleet of LNG and LPG carriers under long-term,
fixed-rate charters. In executing our growth strategy, we may engage in vessel
or business acquisitions or enter into joint ventures and partnerships with companies
that may provide increased access to emerging opportunities from global expansion
of the LNG and LPG sectors. We seek to leverage the expertise, relationships and
reputation of Teekay Corporation and its affiliates to pursue these opportunities
in the LNG and LPG sectors and may consider other opportunities to which our competitive
strengths are well suited. Although we may acquire additional crude oil tankers
from time to time, we view our conventional tanker fleet primarily as a source
of stable cash flow as we seek to continue to expand our LNG and LPG operations.
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