- CEO
- Mark J. Kremin
- Full Time Employees
- 2,897
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Address
- Suite 2000 Vancouver Canada V6C 2K2
- IPO Date
- Oct 18, 2017
- Business
- Seapeak LLC owns and operates one of the world's largest independent fleets of liquefied gas carriers, providing marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), ethane, multi-gas carriers, and petrochemical gases including ethylene, propylene, butadiene, and ammonia; it also holds a 30% interest in an LNG regasification terminal in Bahrain. The company operates through two segments, LNG and NGL, with ownership interests ranging from 20% to 100% in approximately 49 LNG carriers (including five newbuildings), 46 LPG/ethane/multi-gas carriers (including 12 newbuildings), delivering services primarily under long-term, fee-based time charters and voyage charters to international energy companies worldwide. Founded in 2004 and headquartered in Vancouver, Canada, with mailing address at 550 Burrard Street, Suite 2000, Seapeak LLC (formerly Teekay LNG Partners L.P., rebranded in February 2022 following Stonepeak Infrastructure Partners' acquisition) expanded its LNG fleet in late 2024 by acquiring the 2021-built, 174,000 cbm dual-fuel LNG carrier Marvel Swan from Navigare Capital Partners for $213 million, assuming a time charter to Mitsui & Co. through 2030 with extension options; the company continues to pursue opportunities for vessels completing charters in 2024-2025 and declared distributions on its Series A and B preferred units (NYSE: SEAL-PR A and SEAL-PB) in September 2024 for the second quarter.