<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>19
<FILENAME>a2094458zex-10_3.txt
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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                                                                    EXHIBIT 10.3

[LETTERHEAD]


                        L E T T E R  O F  A G R E E M E N T

IEA/OLC(02)042                                               Paris, 9 April 2002

     Per-Christian Fett
     Fearnleys A/S
     P.O. Box 1158 Sentrum
     N-0107 Oslo
     Norway

     Dear Mr. Fett,

          Further to your request to Mieke Reece of the Energy Statistics
     Division of the IEA, dated 4 April 2002, I am pleased to inform you that
     the OECD/IEA hereby authorizes you to refer, in your prospectus relating to
     the introduction to listing of the shares of Golar LNG Limited in the US
     market, to page 1.7 of the IEA publication "Natural Gas Information (2001
     edition)", using the following language:

          "Natural gas has been over the last two decades, and is expected to
          be, one of the world's fastest growing energy sources over the next 20
          years. Already responsible for 25% of the world's energy supply, the
          International Energy Agency, or IEA, projects that demand for natural
          gas will rise by 2.7% per annum over the next two decades. According
          to the IEA, new power plants are expected to provide the majority of
          this incremental demand."

          This authorization is subject to the following conditions.

          -    that the OECD/IEA receive 1 free copy of your prospectus
               including the hereabovementioned reference;

          -    that you give full acknowledgement to the OECD/IEA as being the
               source of the material reproduced and, in conformity with the
               Universal Copyright Convention, that there be in your magazine a
               copyright notice in the following form:

               (C) OECD/IEA, 2001;

          The OECD/IEA makes no express or implied warranties concerning the
     publication or the authorization granted, particularly no warranty of
     accuracy or fitness for a particular purpose or use and no warranty against
     infringement of the proprietary or other rights of third parties.

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          The OECD/IEA shall not be liable for any damages or losses whatsoever
     in connection with or arising out of the use or publication of the
     hereabovementioned reference, and Fearnleys A/S would indemnify and hold
     the OECD/IEA harmless against all actions, claims, damages and costs
     occasioned to the OECD/IEA and arising out of any claim.

          This agreement will become effective upon our receipt of one copy
     thereof bearing your signature.

          I look forward to receiving confirmation of your approval of the
     agreement.

                                Yours sincerely,

                                /s/ Sylvie Decaen
                                  Sylvie Decaen
                            IEA Deputy Legal Counsel


     We agree ...

     Mr. Per-Christian Fett
     for Fearnleys A/S

     Date ...

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