TEEKAY LNG PARTNERS
REPORTS SECOND QUARTER RESULTS
Hamilton, Bermuda, August 11, 2010 — Teekay GP LLC, the general partner of Teekay LNG Partners L.P.
( Teekay LNG or the Partnership ) (NYSE: TGP) today reported its results for the quarter ended June 30, 2010.
During the second quarter of 2010, the Partnership generated distributable cash flow (1) of $36.0 million, compared
to $31.7 million in the same quarter of the previous year. The increase primarily reflects the acquisition of two LNG
carriers and one LPG carrier during 2009, as well as the acquisition of the two Suezmax conventional oil tankers
and one Handymax conventional product tanker in March 2010, all of which are on long-term, fixed-rate charter
On July 28, 2010, the Partnership declared a cash distribution of $0.60 per unit for the quarter ended June 30,
2010. The cash distribution is payable on August 13, 2010 to all unitholders of record on August 6, 2010.
“We are pleased to report an increase in our distributable cash flow in the second quarter which primarily reflects
the contribution from the three vessels we acquired in March 2010,” commented Peter Evensen, Chief Executiv
Officer of Teekay GP LLC. “The Partnership’s large portfolio of long-term fixed rate contracts continues to
underpin the stability of our cash flows and distributions. Due in part to the recent successful completion of the
$51 million direct equity placement, we are well positioned to capitalize on future growth opportunities with over
$500 million of available liquidity. In addition to the three LPG/Multigas newbuildings scheduled for delivery in
2010 and 2011 and an opportunity to acquire from our sponsor, Teekay Corporation, a one-third interest in four
Angola LNG newbuildings expected to deliver in 2011 and 2012, we continue to monitor various other
opportunities to acquire gas-oriented projects with long-term, fixed-rate contracts that will provide distributable
cash flow accretion for our unitholders.”