Teekay charters two fuel-saving LNG carriers

Teekay LNG Partners L.P. [NYSE:TGP] (Teekay LNG) says it has signed two time-charter contracts to provide liquefied natural gas (LNG) services for exports from the U.S. Sabine Pass LNG export facility using fuel-efficient vessels.

The vessels will feature M-type Electronically Controlled, Gas Injection (MEGI) twin engines, allowing greater fuel efficiency and lower emission levels than other engines used in LNG shipping.

"We are excited to be supporting Cheniere, which will be exporting volumes from the Sabine Pass LNG export facility, the first LNG export facility project in the contiguous United States to receive approval for LNG exports," said Peter Evensen, Chief Executive Officer of Teekay GP LLC.

Read in full: http://shipandbunker.com/news/am/300456-teekay-in-pioneering-transaction-for-two-fuel-saving-lng-carriers