Teekay LNG Partners Overview
Teekay LNG Partners LP (TGP) is a limited partnership managed by publicly-traded general partner Teekay Corporation (TK). TGP primarily owns specially-designed vessels for LNG transportation, but they also have a few LPG vessels and a handful of remaining crude oil tankers. The lion's share of the future business (over 90%) is squarely positioned in the LNG transport sector, which is booming alongside TGP's over $10B in future backlog. TK is the majority unitholder of TGP (roughly 32%) and they also control the GP/IDR.
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