LNG

Oct 2 (LNGJ) - Teekay LNG Partners plans to raise up to $130 million in an offering to investors of its New York Stock Exchange-listed shares. The Teekay LNG partneship, a Bermuda-based unit of the Canadian shipping company Teekay Corp., is selling 3 million shares priced at $42.62 per share. An additional 450,000 shares will be sold if there is demand.  The partnership will use the proceeds to partially fund its acquisition of a second LNG carrier newbuilding from Norway-based Awilco LNG and for general purposes, which may include funding instalment payments on future LNG carrier newbuilds or acquisitions, the company said.
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