Teekay LNG Partners LP

Teekay LNG Partners LP

Teekay LNG Partners LP

Overview
Date Founded

2004

Headquarters

Belvedere Building,69 Pitts Bay Road,4th floor,Hamilton HM 08

Type of Company

Public

Employees (Worldwide)

2,009

Industries

Marine Shipping

Company Description

Teekay LNG Partners LP provides marine transportation services for liquefied natural gas, liquefied petroleum gas and crude oil. It operates through the following segments: LNG, LPG and conventional tanker. The company was founded on November 3, 2004 and is headquartered in Hamilton, Bermuda.

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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer

Chairman

In-House Counsel

Vice President-LNG Operations

Investor Relations Contact

Chairman of the Board of Teekay GP L.L.C.

Board of Directors

Senior Vice President & Chief Financial Officer at Genstar Corp.

Partner at Teekay Offshore Operating LP

Professional at Cactus, Inc.

Principal & Head-Energy Advisory Services at Tanda Resources LLC

Managing Director & Principal at Highland West Capital Ltd.

SSR Mining, Inc.

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Owners & Shareholders
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Cobas Asset Management is a long-term investor which implements its investment strategies through a value-oriented process. They use market declines to buy their selected stocks at lower prices, even if this means taking a hit in the short term. That is why the firm will always be invested at a level close to the statutory ceiling of 99%. Cobas Asset Management invest mostly in Europe, which as their home market is the one they know best; but they may also hold minor positions in the United States and Asia. In other markets, the firm may invest only on an exceptional basis. The firm spends time analyzing listed companies, taking an in-depth look at their competitive edge and the quality and durability of their business, until ascertaining their true value.

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Beach Investment Counsel seeks long-term total return by investing in a combination of assets, including but not limited to US equities, small- to mid-cap companies, REITs and fixed-income securities. In carrying out this objective, the firm uses fundamental research, charting analysis and technical analytical tools and approaches. Beach Investment Counsel employs several techniques, including short sales and leverage in certain client accounts.

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Cobalt Capital Management seek to generate above-average long-term capital appreciation with below average levels of risk. They seek to meet this objective through investments in equity securities using both long and short positions. Their funds invest primarily in publicly-traded common stocks, but may at any time include long or short positions in publicly-traded or privately negotiated (or restricted), domestic or foreign common stocks, preferred stocks, stock warrants and rights, corporate debt, bonds, notes or other debentures or debt participations, bank debt, convertible securities, pooled investment vehicles, managed accounts, swaps, commodities, commodity contracts, commodity futures, financial futures and related options and other securities or financial instruments including those of investment companies.A fund typically will not invest more than 10% of its net asset value in the securities of a single issuer (other than government securities or money market funds or similar cash equivalent instruments). A fund's investments may include investment in unseasoned as well as mature companies. In addition, funds may buy, sell or write options of any or all types (including options on market indices), as well as engage in short sales of securities, buy securities on margin and may arrange with banks, brokers and other financial institutions to borrow money against a pledge of securities in order to employ leverage when deemed appropriate.

Recent Transactions
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Teekay LNG Partners LP purchases Skaugen Gulf Petchem Carriers BSC from Ibdar Bank BSC (Private Equity)

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Teekay LNG Partners LP issued USD Common Units

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Teekay LNG Partners LP issued USD Common Units

Transaction Advisors
Underwriter

Advised onTeekay LNG Partners LP issued USD Common Units

Underwriter

Advised onTeekay LNG Partners LP issued USD Common Units

Legal Advisor

Advised onTeekay LNG Partners LP issued USD Common Units

Legal Advisor

Advised onTeekay LNG Partners LP issued USD Common Units

Legal Advisor

Advised onTeekay LNG Partners LP issued USD Common Units

Managing Director

Advised onTeekay LNG Partners LP issued USD Common Units

Clients

Total SE engages in the exploration and production of fuels, natural gas and low carbon electricity. It operates through the following business segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals and Marketing & Services. The Exploration & Production segment encompasses oil and natural gas exploration and production activities. The Integrated Gas, Renewables & Power segment comprises integrated gas and low carbon electricity businesses. It also includes the upstream and midstream LNG activities. The Refining & Chemicals segment engages in the activities of refining, petrochemicals and specialty chemicals. This segment also includes the activities of oil supply, trading and marine shipping. The Marketing & Services segment includes the global activities of supply and marketing in the field of petroleum products. The company was founded on March 28, 1924 and is headquartered in Courbevoie, France.

Novatek OAO We are Russia’s largest independent natural gas producer and the second-largest natural gas producer in Russia after Gazprom, in each case according to the CDU-TEK for 2012. We are principally engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons and have over 18 years of operational experience in the Russian oil and natural gas sector. In 2012, we accounted for approximately 9% of the natural gas produced in Russia, providing more than 16% of total natural gas deliveries through the UGSS to the domestic market, according to the CDU-TEK. Our core strategy is to maintain our position as the leading independent natural gas producer in Russia, based on reserves and production, by increasing our hydrocarbon production on a sustainable and profitable basis, while efficiently expanding our hydrocarbon resource base, optimizing our marketing channels and exploring complementary and value added projects. We supply natural gas to Russia’s domestic market and are focused on meeting the anticipated growing demand in Russia, and, as such, we expect to benefit from expected increases in regulated prices for natural gas sold and forecasted increases in power generation capacity and infrastructure investments in Russia. Our exploration, development, production and processing of natural gas and liquid hydrocarbons are primarily conducted within the Russian Federation and our principal operating areas are concentrated in the YNAO in Western Siberia. According to Government Statistics and BP’s 2011 Statistical Review, the YNAO is the most significant gas producing region in Russia, accounting for approximately 90% of Russia’s natural gas production and approximately 17% of global natural gas production. Our three core fields—Yurkharovskoye, East-Tarkosalinskoye and Khancheyskoye—accounted for approximately 38% of our total proved reserves, as appraised using the SEC’s reserve methodology, as of 31 December 2012, and 90% of our production volumes in 2012. We also hold several licenses for prospective fields and license areas located in the YNAO. We have consistently increased our natural gas production. Our marketable production in 2012 was 56.5 bcm of natural gas and 4.3 mln tons of liquid hydrocarbons. As of 31December 2012, we had 12,394 mm boe of proved reserves, of which approximately 93% were natural gas reserves, as appraised using the SEC’s reserve methodology. Over the past three years, our average reserve replacement ratio has been 623%, on a boe basis, as appraised based on proved reserves using the SEC’s reserve methodology. We generate revenues primarily from natural gas and gas condensate sales and, to a lesser extent, sales of other liquid hydrocarbons. In 2012, (i) our natural gas, (ii) stable gas condensate and (iii) LPG, crude oil and oil related products accounted for 67.6%, 22.1% and 9.9% of our total revenues, respectively and we generated total revenues and EBITDA of RR211.0 billion and RR95.2 billion, respectively, in the same period. We are currently required to sell 100% of our natural gas to customers in the Russian Federation. Our customers are primarily power generation companies, industrial users, regional gas distributors and wholesale gas traders. As an independent natural gas producer, we are not subject to the government’s regulation of natural gas prices; however, the regulated price as set by the FTS significantly influences the market conditions in our regions of delivery as well as the price in our natural gas contracts with end-customers and wholesale traders. We transport our natural gas through our pipelines into the UGSS, which we use to deliver our gas to end-customers in accordance with the relevant transportation contracts we enter into with Gazprom. The UGSS transports substantially all of the natural gas sold in Russia and is owned and operated by Gazprom. UGSS transportation tariffs are set by the FTS. Substantially all of our stable gas condensate is sold internationally, whereas our other liquid hydrocarbons, including LPG, crude oil and oil related products, are sold domestically and internationally. Gas condensate is produced in an unstable form and requires processing before it can be delivered to our customers. We currently process substantially all of our unstable gas condensate at our Purovsky Plant. Following processing, we export substantially all of our stable gas condensate to international markets, via the Port of Vitino on the White Sea in the Murmansk region. We are currently rated ‘‘Baa3’’ (stable) by Moody’s, ‘‘BBB-’’ (stable outlook) by Standard & Poor’s and ‘‘BBB-’’ (stable outlook) by Fitch. To maintain our credit rating, we have established certain financial targets and coverage ratios that we monitor on a quarterly and annual basis. A security rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time by the assigning rating organization.

BP Plc operates as an integrated oil and gas company. It operates through the following segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development and production, midstream transportation, storage and processing and marketing and trade of natural gas, including liquefied natural gas and power and natural gas liquids. The Downstream segment refines, manufactures, markets, transports, supplies, and trades crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. The Rosneft segment engages in investment activities. The company was founded by William Knox D'Arcy on April 14, 1909 and is headquartered in London, the United Kingdom.

Key Stats and Financials As of 2019
Market Capitalization
$1.1B
Total Enterprise Value
$4.67B
Earnings Per Share
$1.59
Revenue
$601M
Net Profit
$150M
EBITDA
$426M
EBITDAMargin
70.81%
Total Debt
$3.28B
Total Equity
$1.88B
Enterprise Value / Sales
7.77x
Enterprise Value EBITDAOperating
10.89x
TEVNet Income
31.09x
Debt TEV
0.7x
Three Year Compounded Annual Growth Rate Of Revenue
14.89%
Suppliers
Daewoo Shipbuilding & Marine Engineering Co., Ltd. Other Transportation | Seoul, South Korea

DAEWOO SHIPBUILDING & MARINE ENGINEERING Co., Ltd. engages in the provision of shipbuilding and offshore services. It operates through the following business divisions: Shipbuilding, Marine and Special Ship, Construction, and Others. The Shipbuilding business division deals with building ships such as liquefied petroleum and liquefied natural gas carriers, containers, and roll on or roll off ships. The Marine and Special Ship business division includes floating production storage and offloading, fixed platform, and drillship. The Construction business division provides architecture and civil engineering services. The Other business division refers to cargo transportation, wind power operations, and other services. The company was founded in October 11, 1973 and is headquartered in Geoje-si, South Korea.

Gaztransport & Technigaz SA Power & Utilities | Saint-remy-les-chevreuse, Fra

Gaztransport & Technigaz SA is an engineering company, specialized in designing containment systems with cryogenic membranes used to transport LNG for onshore and offshore LNG storage. It operates through the following sectors: liquefied natural gas carriers, multi-gas carriers, floating liquefied natural gas units, floating storage and regasification units and onshore storage tanks. The company was founded on September 19, 1994 and is headquartered in Saint-Remy-les-Chevreuse, France.

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