Teekay LNG Contemplates Norwegian Bond Issuance

HAMILTON, BERMUDA--(Marketwired - Aug. 26, 2013) -
Teekay LNG Partners L.P. (Teekay LNG or the
Partnership) (NYSE:TGP) announces that it intends to
issue a minimum of 700 million NOK in new senior
unsecured bonds in the Norwegian bond market that
mature in September 2018 which, at current conversion
rates, have an aggregate principal amount equivalent
to approximately USD 115 million. The proceeds of the
bonds are expected to be used for general partnership
purposes. Teekay LNG expects to apply for listing of
the bond on the Oslo Stock Exchange.

A portion of the bonds may be offered in the United
States to qualified institutional investors (or QIBs)
as defined in Rule 144A of the U.S. Securities Act of
1933 (the Securities Act) concurrently with bonds
offered outside of the United States pursuant to
Regulation S of the Securities Act.

DNB Markets, Nordea Markets and Swedbank First
Securities have been appointed as Joint Lead Managers
of the contemplated bond issuance.

This press release is neither an offer to sell nor a
solicitation of an offer to buy any of the bonds or
any other security of Teekay LNG. The bonds have not
been and will not be registered under the Securities
Act or any state securities laws. Unless so
registered, the bonds may not be offered or sold in
the United States except pursuant to an exemption
from the registration requirements of the Securities
Act and applicable state securities laws.

The statements in this press release that are not
historical facts may be forward-looking statements.
These forward-looking statements involve risks and
uncertainties that could cause the outcome to be
materially different. These risks and uncertainties
include, but are not limited to, those discussed in
Teekay LNG's public filings with the U.S. Securities
and Exchange Commission. Teekay LNG undertakes no
obligation to revise or update any forward looking
statements, unless required to do so under the
securities laws.

About Teekay LNG Partners L.P.

Teekay LNG Partners is the world's second largest
independent owner and operator of LNG vessels,
providing LNG, LPG and crude oil marine
transportation services primarily under long-term,
fixed-rate charter contracts with major energy and
utility companies through its interests in 32 LNG
carriers (including one LNG regasification unit), 31
LPG/Multigas carriers and 11 conventional tankers.
The Partnership's interests in these vessels range
from 33 to 100 percent. Teekay LNG Partners L.P. is a
publicly-traded master limited partnership (MLP)
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 trade on the New
York Stock Exchange under the symbol "TGP".


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FOR FURTHER INFORMATION PLEASE CONTACT:

Teekay LNG Partners L.P.
Kent Alekson
Investor Relations Enquiries
+ 1 (604) 609-6442
www.teekaylng.com