BUSINESS

Allowing for the commercialization of natural gas deposits too small or remote to economically produce.

CNG represents the commercialization of small amounts of natural gas, where LNG pipelines do not currently exist, it is considered complementary to the LNG transportation industry, rather than competitive.

Together with Sea NG, Marubeni and Enbridge (together the Sea NG Alliance) we are working to develop CNG projects worldwide. The typical demand requirement ranges between 25 mmscfd to 300 mmscfd. Teekay’s role in each new project will be to manage the construction and operation of each CNG vessel.

We are looking at vessel conversions and newbuilds for FLNG projects with a production capability ranging from 0.5 MTA to 2 MTA. ABS awarded our solution concept approval in principle in 2008.


*ABS approved Sea NG's Coselle and ship design, a world first.

Teekay Group

NYSE: TGP

Teekay LNG Partners L.P. generates stable cash flows from long-term fixed-rate contracts with strong counterparties. LNG demand is expected to grow by 50% by 2030

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NYSE: TOO

Teekay Offshore Partners L.P. generates stable cash flows from fixed-rate contracts and is the world’s largest owner and operator of shuttle contracts

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NYSE: TNK

Teekay Tankers Ltd. has a balanced chartering strategy of fixed-rate and spot market contracts that can pay a dividend in virtually any spot tanker market

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NYSE: TK

Teekay Corporation is financially strong with a unique business platform and leading positions in promising midstream marine growth sectors

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Contact

TEEKAY SHIPPING (CANADA) LTD.
Suite 2000 Bentall 5
550 Burrard Street
Vancouver BC V6C 2K2
Canada
Tel: +1 604 683 3529
Fax: +1 604 844 8600

NYSE: TGP 44.36 +0.55 +1.25% Volume: 50,564 May 20, 2013

TOO stock

NYSE: TOO 32.92 +0.15 +0.46% Volume: 135,947 May 20, 2013

TNK Stock

NYSE: TNK 2.77 -0.04 -1.42% Volume: 388,587 May 20, 2013

TK Stock

NYSE: TK 37.69 +0.21 +0.56% Volume: 159,849 May 20, 2013