Industry LNG Seminar Institute of Mechanical Engineers 11 February 2009

1. Industry LNG SeminarInstitute of Mechanical Engineers11 February 2009 Abdulrahman Al MannaiCommercial Manager

2. Qatargas II Supply Chain Gas Onshore Liquefaction (2*7.8 MTPA Trains) North Field Gas Production LNG LNG Shipping. Q-Flex (~215 km3), Q-Max (~265 km3) Gas to Pipeline Regasification. South Hook can process up to 15.6 MTPA lean LNG (21 bcma gas)

3. Background – South Hook Terminal South Hook LNG Terminal Company Ltd is a joint venture between subsidiaries of: (24.15%) (8.35%) (67.5%) • 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

4. Commercial Relationships Qatar United Kingdom LNG GAS ExxonMobil Gas Marketing Europe Limited GAS LNG

5. Capacity Timeline Base Firm Redelivery Capacity Base Firm Redelivery Capacity Daily Interruptible Capacity “UIOLI” SHB Third Party Services Terminal Operator Services SHG purchased All Terminal Firm Capacity Capacity Sale South Hook Bundles (SHB) QGII D-14 SHLNG SHG SHG & AdditionalUsers AdditionalUsers SHG & AdditionalUsers

6. South Hook Bundles • 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 space time capacity time

7. Terminal Operator “UIOLI” Services “UIOLI” SHB example 1 “UIOLI” SHB example 2 LNG Space LNG Space time time Berthing Berthing Redelivery profile Redelivery profile • 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.

8. 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 Unused capacity Available Capacity Interruptible Capacity Aggregate nominations time

9. 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

10. 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