Teekay LNG Partners’ earnings climbed in 2018 and are expected to rise further this year on the back of a raft of LNG newbuilding deliveries to the company and its partners on contracts at firm rates.
Announcing fourth quarter results, Teekay Gas Group president and chief executive Mark Kremin said: “We expect our LNG segment results to be significantly higher in 2019 primarily due to the delivery of 15 newbuilding LNG carriers during 2018 and throughout 2019 as well as the start-up of the Bahrain LNG regasification terminal in 2019.
