Teekay LNG Partners L.P.

Teekay LNG Partners L.P.

April 21, 2011 09:02 ET

Teekay LNG Partners L.P. Declares Distribution

HAMILTON, BERMUDA--(Marketwire - April 21, 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 March 31, 2011. The cash distribution is payable on May 13, 2011 to all unitholders of record on May 6, 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 under long-term, fixed-rate charter contracts with major energy and utility companies through its fleet of 20 LNG carriers, five LPG carriers and 11 conventional oil tankers. Four of the 20 LNG carriers are newbuildings scheduled for delivery in 2011 and 2012. Three of the five LPG carriers are newbuildings scheduled for delivery in 2011. In addition, Teekay LNG Partners has a 50 percent ownership interest in 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