Teekay LNG Partners L.P. Declares Distribution
July 23 2009 - 4:01PM
Marketwired
Teekay GP LLC, the general partner of Teekay LNG Partners L.P.
(NYSE: TGP), has declared a cash distribution of $0.57 per unit for
the quarter ended June 30, 2009. The cash distribution is payable
on August 14, 2009 to all unitholders of record on July 29, 2009.
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
time-charter contracts with major energy and utility companies
through its fleet of fifteen LNG carriers, six LPG carriers and
eight Suezmax class crude oil tankers. Two of the fifteen LNG
carriers are expected to be acquired by the Partnership during the
third quarter of 2009. Four of the six LPG carriers are
newbuildings scheduled for delivery in late-2009 and 2010.
Teekay LNG Partners' common units trade on the New York Stock
Exchange under the symbol "TGP".
Contacts: Teekay LNG Partners L.P. Kent Alekson Investor
Relations Enquiries +1 (604) 609-6442 Teekay LNG Partners L.P.
Alana Duffy Media Enquiries +1 (604) 844-6605 www.teekaylng.com
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