August 14, 2008

BW Gas, Exmar to Terminate Pool Agreement

Norwegian gas transportation company BW Gas and Belgian energy sector shipping company Exmar have mutually agreed to terminate their participation in their respective pools.

BW Gas will withdraw from the Exmar-operated MidSize pool, and Exmar will withdraw from the BW Gas-operated very large gas carrier pool.

With effect from September 1, 2008, BW Gas and Exmar will independently operate and market their own vessels.