Teekay sees significant cash flows from new LNG carriers
Tanker group is expecting a significant cash boost from new liquefied natural gas carriers which will be delivered through 2019. It took delivery of three in the third quarter which are benefiting from multi-year highs in the spot market
Teekay’s LNG unit is increasing its distribution to $0.76 per common unit and is planning a tax change in the US that will allow it to be treated as a corporation rather than a partnership to tap into a bigger investor base