The technology group Wärtsilä has signed LNG Support Agreements for eight LNG Carrier vessels owned by Teekay Gas, a part of the global Teekay Group. The two agreements, each for four vessels, were signed in August and September of this year. The agreements took effect from one month following their signing and are valid for 5 years. Wärtsilä has earlier supplied the LNG reliquefaction systems onboard all of the vessels covered by the agreements.

Under the contract terms, Wärtsilä will provide both remote support, as well as 24/7 technical support for the vessels’ onboard Gas Process Plants. In carrying out an analysis of the process plants, Wärtsilä utilises its digital OPERIM (Operational Performance Improvement & Monitoring) tool. This provides data to support performance improvements needed to achieve optimal efficiency, and allows adjustments to be made taking into account changes in the operating conditions.

“Lifecycle support to our customers’ installations is a central pillar in the strategy of Wärtsilä Gas Solutions. Agreements such as these are the best way for ensuring that the products, systems and solutions that we deliver are properly maintained, and that their reliability and performance are at the optimal level,” commented Rene Christian Olsen, Director Services, Gas Solutions.

Wärtsilä has a long-standing relationship with Teekay, and has supplied multiple products for their fleet.

Wärtsilä Gas Solutions is a market leader with innovative systems and lifecycle solutions for the gas value chain. Our main focus areas are handling of gas in seaborne transport (storage, fuel, transfer and BOG management), gas to power, liquefaction and biogas solutions. We help our customers on the journey towards a sustainable future through focus on lifecycle, innovation and digitalization.

About Wärtsilä Marine Systems

Wärtsilä Marine Systems offers high-quality products, solutions, and lifecycle services related to the gas value chain, exhaust treatment applications, seals & bearings, shaftline repair services, underwater services, and marine electrical integrations. Our aim is to provide the latest and most efficient solutions in line with Wärtsilä’s Smart Marine Ecosystem vision for a safer, better, and more sustainable future for our customers.

About Wärtsilä

Wärtsilä is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation, total efficiency and data analytics, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2019, Wärtsilä’s net sales totalled EUR 5.2 billion with approximately 19,000 employees. The company has operations in over 200 locations in more than 80 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.

About Teekay

Teekay (NYSE:TK) is a leading provider of international crude oil and gas marine transportation services and also provides offshore production. Teekay provides these services primarily through its directly-owned fleet and its controlling ownership interests in Teekay LNG Partners L.P. (NYSE:TGP), the world’s third largest independent owner and operator of LNG carriers, and Teekay Tankers Ltd. (NYSE:TNK), one of the world’s largest owners and operators of mid-sized crude tankers. The consolidated Teekay entities manage and operate total assets under management of approximately $12 billion, comprised of approximately 150 liquefied gas, offshore, and conventional tanker assets. With 12 operating offices around the world and approximately 5,700 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world’s leading oil and gas companies.

Teekay’s common stock trades on the New York Stock Exchange under the symbol “TK”.