Re Contract

RNS Number:5943U
Bergesen d.y. ASA
23 November 2000


Bergesen secures 20 years employment for LNG-carrier

Earlier this year, Bergesen contracted a 138,000 cbm LNG-vessel at Daewoo Heavy
Industries Ltd, Korea, for delivery 1st quarter 2003.

Bergesen has now concluded a minimum 20 year charter contract for the vessel
with Cabot LNG, a subsidiary of Tractebel S.A. of Belgium. The Charterer has an
option to extend the charter contract by maximum 9 years. Tractebel has
guaranteed the obligations of Cabot LNG under the charter contract.

Tractebel is a global energy company, being part of the Suez Lyonnaise des Eaux
group.

Bergesen has offered Tractebel an option to participate with a 49% ownership
share in the vessel, through a partnership to be established.

Bergesen has an option to order a second LNG-carrier at Daewoo Heavy Industries
Ltd. A decision whether to exercise such option will be made in the near future.


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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