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Stock Market & Financial Investment News

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July 7, 2014
09:08 EDTTGPTeekay LNG acquires ownership interest in four LNG newbuildings
Teekay LNG Partners announced that it has acquired from BG Group, or BG, ownership interests in four 174,000 cubic meter Tri-Fuel Diesel Electric, or TFDE, liquefied natural gas, or LNG, carrier newbuildings, which will be constructed by Hudong-Zhonghua Shipbuilding in China. The vessels, which are scheduled to deliver between September 2017 and January 2019, will each operate under 20-year time-charter contracts, plus extension options, with Methane Services Limited, a wholly-owned subsidiary of BG. Through this transaction, the Partnership has acquired a 30% ownership interest in the first two LNG carrier newbuildings with the balance of ownership held by CETS, an affiliate of China National Offshore Oil Corporation, or CNOOC, and China LNG Shipping, and a 20% ownership interest in the second two LNG carrier newbuildings with the balance of ownership held by CETS, CLNG and BW Group. Teekay Corporation will provide construction supervision services for the newbuildings and technical management of the vessels upon their respective deliveries.
News For TGP From The Last 14 Days
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July 18, 2014
09:24 EDTTGPOn The Fly: Pre-market Movers
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09:10 EDTTGPTeekay LNG 2.8M share Spot Secondary priced at $45.05
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July 17, 2014
16:17 EDTTGPTeekay LNG files to sell 2.8M common units for limited partners
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July 9, 2014
18:35 EDTTGPTeekay LNG finalizes contracts for six Yamal LNG Carrier newbuildings
Teekay LNG, through a new 50/50 joint venture with China LNG Shipping Limited, has finalized shipbuilding contracts for six internationally-flagged icebreaker liquefied natural gas carriers for the Yamal LNG Project, which is located on the Yamal Peninsula in Northern Russia. Under the agreements, the joint venture between Teekay LNG and China LNG will build six 172,000 cubic meter ARC7 LNG carrier newbuildings to be constructed by Daewoo Shipbuilding & Marine Engineering Co., Ltd., of South Korea, for a total fully built-up cost of approximately $2.1B.
July 8, 2014
06:22 EDTTGPGasLog growth potential unchanged after Teekay, BG deal, says Citigroup
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