Teekay LNG cash flow rises

Written by  John McKay
Thursday, 15 May 2014
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May 15 (LNGJ) - Teekay LNG Partners generated cash flow of $60.1 million in the first quarter, an increase of 12 percent.  Chief Executive Peter Evensen said: "With 100 percent of Teekay LNG's on-the-water LNG carrier fleet operating under fixed-rate contracts with an average duration of 12 years, the partnership is largely insulated from short-term shipping rate fluctuations and well positioned for future growth." In March, Teekay, through a joint venture, signed an accord to provide six LNG carriers for the Yamal project in Russia.

Last modified on Thursday, 15 May 2014 09:05
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