Teekay LNG Partners is a major player in the global liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil marine transportation services industry. With ownership and operation interests in a fleet of 50 LNG carriers (including 18 newbuildings), 30 LPG/Multigas carriers (including four newbuildings) and five conventional tankers, the company primarily focuses on long-term, fixed-rate charter contracts. Its position as an independent owner and operator sets it apart from competitors, giving it greater control over its operations and flexibility to respond to changing market conditions.