Teekay GP LLC, the general partner of Teekay LNG Partners L.P., 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 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.
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Source: Teekay LNG Partners, April 21, 2011;