Teekay LNG Partners Announces CFO Transition

Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) announced today that Brody Speers, the current Chief Financial Officer (CFO) of Teekay Gas Group Ltd., a management services company that provides services to the Partnership and its subsidiaries, has been appointed as Vice President, Corporate Finance, of Teekay Shipping (Canada) Ltd. (Teekay) and Scott Gayton, who currently serves as a Vice President at Teekay, has been appointed to assume the CFO position from Mr. Speers. 

Mr. Gayton brings over 20 years of finance and accounting experience, including most recently serving as CFO of Tanker Investments Ltd. from the time of its initial public offering until its merger with Teekay Tankers Ltd. (NYSE:TNK).  Mr. Gayton will also continue to oversee capital markets transactions across the Teekay Group.

Mark Kremin, President and CEO of Teekay Gas Group Ltd. commented, “I would like to thank Brody for his dedication to Teekay LNG and particularly his instrumental role in the successful financing of the Partnership’s market-leading newbuilding program.  I wish him continued success in the transition to his new role where he will serve as a key member of Teekay’s finance team.  At the same time, I look forward to working with Scott as we continue executing on Teekay LNG’s strategic plan.” 

About Teekay LNG

Teekay LNG Partners is one of the world’s largest independent owners and operators of LNG carriers, providing LNG, LPG and crude oil marine transportation services primarily under long-term, fee-based charter contracts through its interests in 49 LNG carriers (including 11 newbuildings), 29 LPG/Multigas carriers (including one newbuilding) and four conventional tankers. The Partnership’s interests in these vessels range from 20 to 100 percent. In addition, the Partnership owns a 30 percent interest in a regasification facility, which is currently under construction. Teekay LNG Partners 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’ common units and preferred units trade on the New York Stock Exchange under the symbols “TGP”, “TGP PR A” and “TGP PR B”, respectively.

For Investor Relations enquiries contact:

Ryan HamiltonTel: [phone]Website: www.teekay.com