The Peter Evensen-led company booked net income of $47.5mfor the three months to 31 December versus a $28.2m net income forthe same period of 2012.
Even adjusting for one off items the result jumped by around20% to $46.2m from $38.5m a year earlier.
"With 100 percent of Teekay LNG's on-the-waterLNG carrier fleet operating under fixed-rate contracts with an averageremaining duration of 12 years, the Partnership is largely insulated from therecent declines in spot LNG shipping rates,” Evensen said
“Over the next three years, only two of Teekay LNG's LNGcarriers, both of which are 52-percent owned, are scheduled to roll-off theirexisting contracts, limiting the Partnership's exposure to any short-term ratevolatility through 2016."
TGP
