The ultimate demand for U.S. exports is still an unknown at this point. However, it is encouraging that there are over 100 million tons per annum of planned projects. However, it’s an open question how much of this will come online and when. If all the incremental gas does come online by 2020, we anticipate there will be a need for approximately an additional 170 LNG carriers. For this reason we are bullish on the long-term fundamentals of LNG shipping and believe Teekay LNG is well positioned to take advantage of this expected growth which will ramp beyond 2015.Turning to slide number five, I will review our consolidated operating results for the quarter comparing an adjusted Q2 income statement against an adjusted Q1 income statement which includes the items listed in appendix say of our earnings release and reallocates realized gains and losses from derivatives to their respective income statement line item.
Teekay LNG Partners' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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