Teekay LNG Partners LP (NYSE: TGP) — The shipowner’s fleet of 27 LNG (liquefied natural gas) carriers has no contract expirations until 2015, locking in a steady stream of cash flow. Teekay LNG Partners in Dec. 2012 announced the order two new LNG carriers slated for delivery in 2016, a strategic shift for the conservatively run MLP. These vessels will have MEGI (main engine gas injection) propulsion systems that can run on LNG and could reduce fuel costs by up to $20,000 per day. Management expects these vessels, the first of their kind, to earn superior day-rates. The firm also entered into a joint venture with Exmar (Brussels: EXM) that involves 16 midsize vessels that transport propane and other liquefied petroleum gases. We expect this segment to benefit from rising exports of US propane to Europe. Teekay LNG Partners LP rates a buy up to $39 per unit.