Teekay LNG Partners L.P. Declares Distribution

• Press Release
• Source: Teekay LNG Partners L.P.
• On 4:01 pm EDT, Thursday July 23, 2009

HAMILTON, BERMUDA--(Marketwire - 07/23/09) - Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (NYSE:TGP - News), 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 - News) 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