Execution of term time charter with Gazprom Global LNG for the "Celestine River" to be re-named as "Neva River"

01/03/2010

"K" Line LNG Shipping (UK) Limited and Gazprom Global LNG Ltd. today signed a term time charter for the LNG vessel "Celestine River" which will be re-named as "Neva River".

"K" Line LNG Shipping (UK) Limited (KLNG) and Gazprom Global LNG Ltd. (GGLNG) today signed a term time charter for the LNG vessel "Celestine River" to be re-named as "Neva River", which will be utilized in the global LNG trading portfolio of GGLNG.

Captain Akira Shoji, Managing Director of KLNG said, "This agreement marks another significant milestone for "K" Line's energy transportation business reflecting our substantial experience and in-depth expertise in the maritime industry. We are excited to be working with GGLNG who shares with us the importance of "partnership" and are looking forward to strengthening our cooperation over the years to come".

Frederic Barnaud, Managing Director of GGLNG said, "This agreement is another foundation block in the Gazprom's growth strategy in LNG and is complementary to our on-going discussions with LNG suppliers and customers. We are also very pleased with the "common growth" ideology that is shared by GGLNG and KLNG and are looking forward to developing our important relationship with KLNG even further".

KLNG as a 100% owner and ship manager of the "Neva River" has always focused on providing its customers with safe, reliable, cost-effective and environmentally friendly ship management services. "Neva River" has been designed to be compatible with most of the LNG terminals world-wide and both her excellent performance and substantial trading track record will allow its customers to be responding positively to the increasing and diversified global LNG shipping demands.

For further information please kindly contact:

Mr. Yuzuru Goto
General Manager, Commercial Division
"K" Line LNG Shipping (UK) Limited
Phone: +44 (0)20 7382 5150
Email:   klngloncom@uk.kline.com



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