Industry LNG Seminar Institute of Mechanical Engineers 11 February 2009 Abdulrahman Al Mannai Commercial Manager.

Industry LNG SeminarInstitute of Mechanical Engineers

11 February 2009

Abdulrahman Al MannaiCommercial Manager

Qatargas II Supply Chain

North Field Gas Production Onshore Liquefaction (2*7.8 MTPA Trains)

Shipping. Q-Flex (~215 km3), Q-Max (~265 km3)

Regasification. South Hook can process up to 15.6 MTPA lean LNG (21 bcma gas)

Gas

LNGLNG

Gas to

Pipeline

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Background – South Hook TerminalSouth Hook LNG Terminal Company Ltd is a joint venture between subsidiaries of:

South Hook Facilities designed and constructed in two phases

Each Phase with an annual gas redelivery capability of ~10.5 bcma To match the capacity of the Qatargas II upstream facilities

SHLNG has been granted exemption from regulated Third Party Access for both phases of capacity and a duration of 25 years from commercial start date.

Enabled South Hook Gas to purchase all primary capacity for QGII LNG

(67.5%) (24.15%) (8.35%)

Commercial Relationships

Qatar United Kingdom

ExxonMobil GasMarketing Europe Limited

LNG

LNG GAS

GAS

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Capacity Timeline

BaseFirm

RedeliveryCapacity

South Hook Bundles

(SHB)SHG purchasedAll Terminal

Firm Capacity

BaseFirm

RedeliveryCapacity

D-14

SHLNG SHG

Capacity Sale

Third Party Services

Daily Interruptible

Capacity

Terminal Operator Services

“UIOLI” SHB

QGII

SHG &Additional

Users

AdditionalUsers

SHG &Additional

Users

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South Hook Bundles

time

spac

eca

paci

ty

Secondary capacity sales will be in the form of South Hook Bundles (“SHB”) that will specify

Berthing slot date Temporary LNG tank storage space Redelivery capacity LNG quality

SHBs can be advertised for re-sale on our Electronic Bulletin Board

time

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Redelivery profile

Terminal Operator “UIOLI” Services

• Advertised on the website 14 days ahead of a berthing slot• Auctioned over 4 days ending 10 days before the berthing slot. • Gas redelivered over a 7 day period • Users apply via EBB.

“UIOLI” SHB example 1

“UIOLI” SHB example 2

Redelivery profile

Berthing

time

LN

G S

pace

Berthing

time

LN

G S

pace

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Terminal Operator “UIOLI” Services (cont.)

• Terminal Operator facilitates the optimisation of unused redelivery capacity

• Users allowed to nominate above their firm capacity • Unused redelivery capacity on the day will be recycled and allocated

as interruptible capacity for other Users• Allocation is pro rata to firm capacity rights

Interruptible Capacity

time

Aggregate nominations

Unused capacity

Available Capacity

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Commissioning Schedule

The first commissioning cargo “Tembek” has left the Arabian Gulf en route for Milford Haven. 

Commissioning is an intensive activity, commercial operations (Phase 1) is currently forecast to commence in the second half of April

Sendout is under the control of the Terminal Operator during this period SHLNG will provide schedule updates on its website

Commissioning process ongoing

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Application To Become a User

A party will need to apply and be accepted as a User of the terminal before it can hold capacity.

A Confidentiality Agreement will need to be signed before all other relevant documents are released

SHLNG to publish the steps required to become a User on its website during March 2009

www.southhooklng.com

Parties interested in the products and services available from SHG should contact Donovan Waite, Head of Trading and Business Development

www.southhookgas.com