Re Agreement

RNS Number:5413V
Bergesen d.y. ASA
7 May 2002

                       PRESS RELEASE NO. 12/2002 FROM BERGESEN D.Y. ASA

                               BEA - PRELIMINARY LNG-AGREEMENT

Bergesen has entered into a preliminary agreement with the Algerian oil company
Sonatrach for employment of one LNG-carrier for minimum 20 years from delivery.
Sonatrach has an option to extend the agreement by maximum five years.

The vessel is the third vessel in a series of seven large LNG-carriers ordered
by Bergesen at Daewoo Shipbuilding & Marine Engineering Co. Ltd, Korea. The
vessel shall be delivered in third quarter 2004.

Sonatrach will participate with an ownership share of 50% in the vessel with
effect from delivery from the yard, but the vessel will be 100% financed by
Bergesen.

Final agreement with Sonatrach is expected to be concluded in the near future.

Bergesen has earlier concluded charter agreements with Tractebel LNG North
America LCC for two LNG-carriers of 138.000 cbm, and charter agreements with
Nigeria LNG Limited, for four LNG-carriers of 140.500 cbm. Provided final
charter agreement with Sonatrach is concluded, Bergesen has secured long term
employment for all the seven LNG-carriers it has ordered.


Oslo, 7 May 2002 
BERGESEN D.Y. ASA

Contact person: Svein Erik Amundsen, Managing Director, 
Telephone: + 47 22 12 05 13

Other information about Bergesen is available at: www.bergesen.no





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