Teekay LNG has a stable operating model and generates stable cash flows from long-term fixed-rate contracts with strong counterparties.

The LNG industry remains an area for growth. Global demand for LNG is expected to increase by more than 50 percent by 2030.

Future growth opportunities are based on organic value-added projects and third party acquisitions. Distribution growth comes from adding these types of contracts. Teekay LNG’s existing newbuilding program is fully financed.

Our Sponsor, Teekay Corporation, provides Teekay LNG with several benefits including operational expertise and access to existing customer and suppliers.

An MLP is a type of limited partnership that is publicly traded.

There are two types of partners in this type of partnership: The limited partner is the person or group that provides the capital to the MLP and receives periodic income distributions from the MLP's cash flow, whereas the general partner is the party responsible for managing the MLP's affairs and receives compensation that is linked to the performance of the venture.

Teekay LNG’s blue chip customers include Repsol YPF, Union Fenosa, RasGas, Tangguh LNG, Excelerate, ConocoPhilips, Skaugen, CEPSA, Centrofin Management Inc. and Caltex.

Sponsorship by Teekay Corporation provides Teekay LNG with built-in opportunities for growth, financial strength and the ability to leverage operation expertise.

As is customary for Master Limited Partnerships, Teekay LNG Partners unitholders receive annual tax information on a K-1 tax form, typically made available and mailed in mid-March.