LNG

Teekay LNG Partners, whose gas group units own, charter or have stakes in 77 vessels, including 47 liquefied natural gas carriers and 30 liquefied petroleum gas or multi-gas vessels, reported annual net income almost halved, though its long-term charters strategy partially protected the company from the worst of the challenges.

A liquefied natural gas jetty expansion project at the existing Tilbury Island plant of utility FortisBC in the Canadian province of British Columbia is advancing and is expected to lead to small-scale exports to Asia and a West Coast LNG fuel hub for shipping.