Teekay LNG Partners L.P.
NYSE : TGP

Teekay LNG Partners L.P.

October 25, 2010 08:31 ET

Teekay LNG Partners L.P. Declares Distribution

HAMILTON, BERMUDA--(Marketwire - Oct. 25, 2010) - Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared a cash distribution of $0.60 per unit for the quarter ended September 30, 2010. The cash distribution is payable on November 12, 2010 to all unitholders of record on November 5, 2010.

About Teekay LNG Partners L.P.

Teekay LNG Partners L.P. is a publicly-traded master limited partnership formed by Teekay Corporation (Teekay) (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 under long-term, fixed-rate time charter contracts with major energy and utility companies through its fleet of 15 LNG carriers, six LPG carriers and 11 conventional oil tankers. Three of the six LPG carriers are newbuildings scheduled for delivery in 2010 and 2011. In addition, Teekay LNG Partners has agreed to acquire an indirect ownership interest in one LNG carrier and one LNG regasification unit.

Teekay LNG Partners' common units trade on the New York Stock Exchange under the symbol "TGP".

Contact Information

  • Teekay LNG Partners L.P.
    Kent Alekson
    Investor Relations Enquiries
    +1 (604) 609-6442
    www.teekaylng.com