LNG

Nov 6 (LNGJ) - Teekay LNG Partners, the fleet-owning subsidiary of New York-listed shipping company Teekay Corp. and with 25 LNG carriers and 15 more under construction, said it generated distributable cash flow of $64.2 million in the third quarter of 2014. "In contrast to the recent volatility in the equity markets, the Partnership continues to generate stable cash flows from our growing portfolio of long-term, fee-based charter contracts which have an average remaining contract duration of approximately 13 years," said Peter Evensen, Teekay LNG Chief Executive. For the first nine months of 2014 the partnership psoted adjusted net income of $131M compared with $128.7M a year ago.