Teekay LNG Partners is quitting the I.M Skaugen-operated Norgas Carriers Pool to launch its own multigas pool.

The pool will initially be populated by Teekay’s seven directly-owned ethylene-capable LPG carriers, the tanker owner said.

However, it aims to offer commercial management solution for third-party ethylene-capable LPG and small-scale LNG vessels.

The Teekay Multigas Pool is expected to reach at least 12 vessels by the end of 2017, including third party partner vessels.