Teekay LNG Partners, one of the world’s largest owners of LNG carriers, has declared cash distributions on the Series A and B preferred units.

Teekay LNG declares cash distributions on preferred units
Courtesy of Teekay LNG

Teekay LNG is providing LNG and LPG services under long-term, fee-based charter contracts through its interests in 47 LNG carriers, 23 mid-size LPG carriers, and seven multi-gas carriers.

The Partnership’s ownership interests in these vessels range from 20 to 100 per cent. The Partnership also owns a 30 per cent interest in a regasification terminal.

Teekay GP, the general partner of Teekay LNG Partners, declared cash distributions of $0.5625 per unit on the Partnership’s series A preferred units and $0.5313 per unit on the Partnership’s series B preferred units for the period from 1 April to 30 June 2021.

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.

The cash distributions are payable on 15 July 2021 to all unitholders of record as at 30 June, Teekay reports.

This post appeared first on Offshore Energy.

Comments are closed.