October 18, 2011
HAMILTON, BERMUDA–(Marketwire – Oct. 18, 2011) – Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), has declared a cash distribution of $0.63 per unit for the quarter ended September 30, 2011. The cash distribution is payable on November 14, 2011 to all unitholders of record on November 2, 2011.
About Teekay LNG Partners L.P.
Teekay LNG Partners L.P. is a publicly-traded master limited partnership formed by Teekay Corporation (NYSE:TK) as part of its strategy to expand its operations in the LNG and LPG shipping sectors. Teekay LNG Partners L.P. provides LNG, LPG and crude oil marine transportation services primarily under long-term, fixed-rate charter contracts with major energy and utility companies through its fleet of 21 LNG carriers (including one LNG regasification unit), five LPG/Multigas carriers and 11 conventional tankers. Teekay LNG Partners’ interests in these vessels ranges from 33 to 100 percent. Two of the LNG carriers are newbuildings scheduled for delivery in 2011 and 2012. One of the LPG/Multigas carriers is a newbuilding scheduled for delivery in 2011. In addition, Teekay LNG Partners, through its joint venture with Marubeni Corporation, has agreed to acquire ownership interests in eight LNG carriers and expects this transaction to close by early 2012.
Teekay LNG Partners’ common units trade on the New York Stock Exchange under the symbol “TGP”.