Joint Partnership

RNS Number:9141V
Bergesen d.y. ASA
15 December 2000

            

               BEA - Distrigas exercises option to buy 49% of LNG-vessel

The Belgian company Distrigas (subsidiary of Tractebel) has exercised an option
to buy a 49% share in the first of two LNG-vessels that Bergesen earlier this
year has contracted at Daewoo Shipbuilding & Marine Engineering Co. Ltd, Korea.

The vessel will be owned by a joint partnership between Bergesen and Distrigas,
which allows for further co-operation between Bergesen and the Tractebel group,
being a major player in the Atlantic LNG-trade.

Bergesen will record a sales profit of about USD 2 mill from this transaction,
in the fourth quarter of 2000.

The vessel which will have a capacity of 138,000 cbm and will be delivered in
the first quarter of 2003, has been employed for minimum 20 years from delivery,
to Tractebel's American subsidiary Cabot LNG.

                            Oslo, 15th December 2000

                                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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