Teekay LNG Partners L.P. Declares Distribution.NASSAU, The Bahamas -- Teekay GP LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the general partner of Teekay LNG Partners L.P. (NYSE NYSE See: New York Stock Exchange :TGP), has declared a cash distribution of $0.4625 per unit for the quarter ended December 31, 2006, representing a total cash distribution of $16.5 million. The cash distribution is payable on February 14, 2007, to all unitholders of record on February 9, 2007. About Teekay LNG Partners L.P. Teekay LNG Partners L.P. is a publicly traded master limited partnership formed by Teekay Shipping Corporation (NYSE:TK) as part of its strategy to expand its operations in the liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG) and liquefied petroleum gas liquefied petroleum gas or LPG, mixture of gases, chiefly propane and butane, produced commercially from petroleum and stored under pressure to keep it in a liquid state. (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 thirteen LNG carriers, four LPG carriers and eight Suezmax class crude oil tankers. Seven of the thirteen LNG carriers and three of the LPG carriers are newbuildings scheduled for delivery between early 2007 and mid-2009. Teekay LNG Partners' common units trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "TGP." |
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