Chenierre Energy Partners is a recent IPO that will deploy IPO proceeds in long-dated treasuries until the completion of the Sabine Pass LNG Terminal that began construction in 2005. Construction of the Sabine Pass LNG receiving terminal began in March 2005. Upon completion of construction, the Sabine Pass LNG receiving terminal will be the largest LNG receiving terminal in North America. All of this capacity has been contracted for under three 20-year, firm commitment terminal use agreements on a “take-or-pay” basis with Total and Chevron.In the meantime the Partnership will pay a $1.70 annual dividend paid quarterly.

Teekay LNG was created fromm the spinoff of Teekay Shipping, one of the largest crude oil tankers in the world. The partnership owns and operates a high quality, modern fleet of vessels with an average age of approximately three years compared to world average of fifteen years.Expect Teekay to generate very stable cash flow as predominately all of its vessels are under long-term fixed-rate time charters with major energy and utility companies with terms that extend beyond 10-years. Citiggroup is projecting distributions to increase from a current run-rate of $1.85/unit to $2.45 per unit by 2011.

Golar LNG is the world's largest independent LNG ship operator with 1O ships and has the longest public track record.Golar gave an upbeat view on the future after posting fourth quarter figures well ahead of expectations across the board, boosted by a combination of strong spot vessel earnings, improved winter charter rates and high levels of utilisation.For the fourth quarter, the Norwegian LNG transport group posted operating profits of 40.4 mln usd, up from 18 mln last time, and well ahead of the 29 mln consensus forecast.