LNG Shipping News. New LNG shipyard building Indonesian small scale fleet SHIPPING NEWS AGENDA. A LNG JOURNAL TITLE ON LNG TANKERS 6 March 2014

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1 LNG Shipping News A LNG JOURNAL TITLE ON LNG TANKERS 6 March 2014 New LNG shipyard building Indonesian small scale fleet Korea s Daehan Shipbuilding (DHSC) will manage construction of 10 small scale LNG carriers for Indonesian conglomerate Bimantara Group, according to shipbroker Golden Destiny. This is believed to be the first LNG tanker order for the shipyard. The 10 LNG carriers for Bimantara Group of Indonesia are for delivery in Each unit was priced at USD $50 million. Vessel construction will be a cooperation between a group of manufacturers in the Korea s Daebul Industrial Complex, led by DHSC and GHS, the broker said. DHSC has a track record primarily in bulk carrier construction. It entered into an entrustment agreement with Korean Shipyard DSME in 2011 giving DSME management of its facilites. DHSC began preparing to enter the LNG tanker shipyard business in 2012 and planned to do so by In the future it plans on expanding into other vessel segments, including container ships and conventional tankers. During the entrustment period, DSME will look after all management, production innovation, sales and marketing, and all other duties necessary to ensure the stability of DHSC s organization. Afterwards, DSME may consider acquiring DHSC. Hyundai Heavy Industries (HHI) had a similar arrangement at one time with Hyundai Samho Heavy Industries and took it over after the entrustment expired. The operator of the vessels is not yet known. Indonesia s only LNG-carrier owning operator Humpuss Intermoda Transportasi (HITS), with ownership ties to Bimantara, has four LNG ships in its fleet ranging from 10-78,000 cubic metres in capacity. In summer HITS sought to raise $500m to build 19 ships this year for chemical and LNG transport A 10 unit shipbuilding contract is signed by Bimantara. Source: Komec in Indonesia, Sea Ship News reported. Saipem building Indonesian FPU Indonesian venture Eni Muara Bakau (Eni: 55 percent, GDF Suez: 45 percent, Operator: Eni) has awarded an international joint venture an engineering, procurement, construction and installation (EPCI) contract for a barge-based Floating Production Unit (FPU) newbuilding in Indonesia with a total cost of $1.1 billion. The winning consortium combines a joint venture between Saipem, Indonesian Tripatra Engineers and Constructors and Japanese oil and gas engineering contractor Chiyoda, with Korean shipyard HHI. The FPU will be delivered by around January 2017 for the for the Jangkrik Complex Project operated by Eni. The Jangkrik Complex is located in Indonesia off the East Kalimantan coast. Gas production from Jangkrik and Jangkrik North East will go to domestic terminals via LNG transport, and gas pipe transport, Indonesian website Bisnis.com reported last month. The spread-moored FPU will have 450 MMSCFD gas treatment capacity. A natural gas and condensate transport facility would carry the gas to the existing onshore Bontang LNG terminal and condensates to the treatment plants in the area. Siapem did not respond to enquiries regarding the potential for a shipping tender. HHI s offshore yard in Ulsan will build the hull, and Saipem s Karimun Island Yard, in Indonesia, will build the topsides. Saipem will carry out engineering, procurement, fabrication of the FPU, the installation of a mooring system, hook-up, commissioning and startup assistance from its execution centre in Jakarta. This contract is in line with Saipem s strategy of targeting FLNG construction in specific geographic areas, such as Asia Pacific and Africa, where the company can leverage its unique access to fabrication yards, it said. SHIPPING NEWS AGENDA BUSINESS Tokyo LNG Tanker agrees MOL/NYK charter on two newbuildings MARKETS Jensen Maritime to design American bunker barges targeting vessels in US gulf ports 3 SPECIAL REPORT 2 Aker Arctic designs for ice-breaking LNG tanker surge 4 TECHNOLOGY APC launches STS/Bunkering couplings range with controlled closure 5 LNG ORDERBOOK LNG vessels ordered 6

2 2 NEWS LNG Unlimited 6 March 2014 Tokyo LNG Tanker joins with MOL/NYK to build two ships A subsidiary of Japanese gas utility Tokyo Gas Company, Tokyo LNG Tanker, with a fleet of 10 vessels, has signed a heads of agreement with two Japanese ship-owners for long term (20 year) charter and joint ownership of two new buildings. Tokyo Gas Company created Tokyo LNG projects such as Gorgon and LNG Tanker in 1991 to provide LNG Sakhalin. The newbuildings under transport of LNG, as well as LPG the latest deal will transport from transport. the US East Coast facillity, Cove The company currently manages a fleet of 10 LNG vessels, NYK line is an existing partner Point LNG. with an interest in vessels used on with the company on two vessels, Malaysian, Russian and Australian and this deal adds a third jointly- Image of 165,000cbm LNG carrier JMU will build for NYK. owned vessel. It will have a 30 percent interest in its newbuilding with Tokyo LNG tanker taking the remaining 70 percent. The partners have also concluded a shipbuilding contract with Japan Marine United Corporation. The vessels will have a cargo capacity of 165,000 cubic meters, which will have a service speed of 19.5 knots, and be delivered in Self-supporting Prismatic-shape tanks To comply with the American emission control regulations governing sulfur oxide (Sox), the vessels will be equipped with Tri Fuel Diesel Electric (TFDE) propulsion system that runs off low-sulfur oil or gas. In addition the vessel can use a selective catalytic reduction (SCR) system. The NYK vessel will be equipped with Self Supporting Prismatic Shape (SPB) tanks, intended to maximize space for cargo. The company said this design has not been used for about 24 years. NYK Line said with this design, most of the tank will fit inside the hull, allowing reduced wind resistance, and an improved view from the bridge. The SPB design features a precise analysis of structural strength and fatigue integrity, together with a qualitycontrol process that ensures complete machining accuracy and welding and thus results in a very safe vessel having an extremely high structural reliability, said the company. BG group buys cargoes from Enel to replace Egypt volumes BG Group has bought six LNG cargoes from Italian utility Enel to replace diverted gas from its Egypt operations, reported Reuters. BG Group bought the LNG cargoes certainty remains over Egyptian went to South America. The re- for $15.70 per MBTU, excluding LNG as diversions to the domestic maining ten cargoes were deliv- shipping costs, and will in October market continue, with similar dy- ered to the US, Europe, Mexico 2014 take delivery of the cargoes namics predicted for and the United Arab Emirates. at Bonny LNG terminal in Nigeria where Enel owns LNG volumes, it The group delivered 10 percent less LNG in 2013 than it did Offsetting factors was reported. Cargo dip The 178 LNG cargoes recorded last year were down from 197 cargoes it recorded 2012, with 19 fewer Fourth quarter losses from two fewer deliveries as a result of the situation in Egypt were partially Image credit: BG Group the quarter, an increase of 18 per- The group s LNG Shipping & Mar- cargoes. Eight of these were from offset by a favourable LNG cargo cent over the same quarter in keting segment saw operating Egypt, while five were from Nigeria. delivery mix with seven extra car- In 2015 the group expects to profit increase 3 percent for the The group s annual cargo tally goes delivered to Asian markets see the impact of gas development full year 2013, tentatively $2.1- also counted six fewer spot cargoes. and lower hedging losses. programmes in Equatorial Guinea, 2.4 billion, but it expects that this Most of BG Group s deliveries in This allowed the group s LNG which require planned shutdowns figure will eventually reflect lower the year, 127 cargoes, went to Shipping & Marketing operating at EGLNG, and to record free cash supply volumes. Considerable un- Asia, and a significant number, 41 profit to reach $778 million during flow positive results. LNG Shipping News 2nd Floor, 2-5 Benjamin Street London EC1M 5QL United Kingdom Tel: +44 (0) Publisher Stuart Fryer Editor Cristina Brooks +44 (0) general@lngjournal.com Ad sales enquiries Narges Jodeyri +44 (0) narges@lngjournal.com Events Natasha Wedlock Tel: +44 (0) natasha@lngjournal.com Subscriptions Elena Fuertes Tel: +44 (0) elena@lngjournal.com Subscription included with LNG Journal Production Vivian Chee Tel: +44 (0) chee@btconnect.com No part of this publication may be reproduced or stored in any form by any mechanical, electronic, photocopying, recording or any other means without the prior written consent of the publisher. Whilst the information and articles in LNG Shipping News are published in good faith and every effort is made to check accuracy, readers should verify facts and statements direct with official sources before acting on them as the publisher can accept no responsibility in this respect. Any opinions expressed in this publication should not be construed as those of the publisher.

3 6 March 2014 LNG Unlimited NEWS 3 Jensen Maritime designs American bunker barges targeting vessels in US Gulf ports US-based Jensen Maritime, Crowley Maritime Corporation s naval architecture and marine engineering subsidiary, has been awarded a contract to design LNG bunkering barges in the US for gas distribution company LNG America. The vessels, which are expected to be delivered in late 2015, have an initial planned capacity of up to 3,000 cubic metres of LNG. Once in operation, the bunker barges will serve the dual purpose of moving the fuel from LNG America's Louisiana supply source to coastal-based storage and distribution terminals to directly refuel large ships. LNG bunkering and feedering fleet "There are currently no LNG bunkering barges in operation in American waterways and these vessels will be among the first to be developed and built, marking a significant step in LNG America's build-out of LNG bunkering infrastructure along the Gulf Coast," Jensen said. "Through LNG America's LNG Bunker barge. Jensen plans to develop LNG bunker vessels, harbor tugs, container ships and tankers and inland vessels with clients. Source: Jensen Maritime. bunkering initiative, we plan to serve and facilitate the growing marine demand for LNG," said Keith Meyer, Chief Executive of LNG America. "LNG America sees the demand for marine LNG to be robust as long as LNG can be made available to the maritime industry on a reliable, dependable and cost-competitive basis. Our mission is to deliver competitively priced LNG as fuel where needed, when needed and in the quantity needed," the company said. Jensen's Vice President Johan Sperling explained: "The significance of this agreement is not only incredible news for the marine industry, which struggles with whether to develop LNG infrastructure or vessels first, but also for companies along the US Gulf that hope to replace their traditional vessels with cleaner, more efficient LNG-powered ones. "We are thrilled to be working with LNG America in the development of its marine infrastructure and also in providing a green fuel source to this important region. Jensen is on the leading edge when it comes to LNG vessel design and we look forward to serving LNG America and other customers with this valuable service." Sperling added. LNG America was formed in July 2013 to develop LNG distribution infrastructure that serves not only the marine market but the burgeoning use of LNG in the oil and gas, rail, mining and heavyduty trucking markets as well. Awilco LNG says state of market was one of high demand versus constrained supply Awilco LNG, the Norwegian cargo market player with five vessels, said there was continued strong LNG demand, but as seen repeatedly in 2013 actual supplies continued to be constrained. "The result was periods with increased activity when cargo was available but also periods with low shipping activity despite high demand for LNG," Awilco said. "Towards the end of the year activity eased off as gas prices in the West increased due to winter demand, which reduced arbitrage opportunities resulting in fewer reloads in Europe," Awilco said in its market overview accompanying its fourthquarter and annual earnings report. Freight income for the year was little changed and amounted to $54.7M compared with $56.6M in 2012, it added. Spot LNG charter rates for its new tri-fuel, diesel-electric vessels started the quarter at around $113,000 per day coming down to about $98,000 per day at the end of the quarter. "Operating expenses for the year were $18.5M, about the same as in 2013, reflecting increased fleet size offset by the lay-up of 'WilPower' in the second quarter of 2013," the company said. Fourth quarter Awilco reported freight income for the fourth quarter of $21.3 million versus $9.2M in the third quarter. The company's newest vessel, the "WilPride", was delivered from Daewoo Shipbuilding and Marine Engineering of South Korea on November 28 and financed through a sale-leaseback charter with Teekay LNG, the Bermuda-based subsidiary of Canada's Teekay Corp. "The Angolan liquefaction plant halted production in December due to a planned overhaul and is expected to restart production soon," Awilco said in reference to the shortage of worldwide supplies. 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4 4 NEWS LNG Unlimited 6 March 2014 Aker Arctic designing for ice-breaking LNG tanker surge Finnish Aker Arctic is introducing its LNG tanker engineering services as the developer behind the icebreaking LNG carrier concept for Yamal LNG, an LNG production project in the Russian Arctic that calls for 16 icebreaking ships. We have designed various LNG tanker concepts in the past, but this is the first one which is going into construction phase. We have been testing icebreaking LNG tankers for quite some time, said Arto Uuskallio, Sales and Marketing Manager at Aker Arctic. Aker Arctic began assessing different LNG tanker concepts for the partners at the pre-feed stage in Uuskallio said, We participated in the development work with Yamal LNG and CNIIMF focusing on what type vessels will be deployed, in terms of propulsion and hull specifications. Yamal LNG had a shipbuilding tender based on that work. The ship construction project at Korean Shipyard DSME will build carriers with hulls able to break ice without the requirement for icebreaker escort, with the first ship beginning ice trials in 2016, said project partner Total. Ice class vessel projects Aker Arctic has in its 45-year history designed most of the world s icebreakers, testing ice class vessel models in different conditions with a model tank, proprietary ice database, and its own ice modeling technique. In 2006 it launched its latest ice-class model testing facility in Helsinki. The Korean shipyard STX briefly acquired the design firm in in Today the Finnish company Industry Investment Inc, has a majority ownership. Minority owners include Norwegian oil and gas engineering provider Aker Solutions. The firm now has several iceclass LNG carrier hull form designs already completed and tested, using the firm s previously developed double acting vessel hull (DAT), a type of icebreaking hull. It s DAT LNG carrier design features a hull able to break ice both AARC s integrated hull LNG carrier design. AARC s ice model basin tests models of vessels and structures for maneuverability and operationality in ice formations with ice loading. when going ahead and astern. It has also innovated an integrated hull LNG carrier design. It uses moss-type tanks and an integrated upper structure, capable of operating in open water conditions with ice loading, with a lighter operation for greater efficiency. This design offers an ice-class version of other integrated hull designs, such as MHI s Sayaendo. We have a patent on this integrated hull structure design (HIS), said Uuskallio. What we are specialized in is the structural strength on these vessels and ensuring this kind of hull shape is as efficient as possible. Recent icebreaking hull projects undertaken by the firm include a container vessel for the Russian metal mining company Norilsk Nickel, and an arctic research vessel for the China Arctic and Antarctic Administration. Standards for new operating conditions Standards applied on ice class LNG carrier designs currently depend on the owner s preference, with standards being selected from classification bodies including DNV, ABS, Bureau Veritas and the Russian Register. Uuskallio said, One standard which is typical for ice class is the strengthening requirements for the hull and the propeller machinery. It s a safety issue in that sense it determines how much steel makes up the structural elements. Classification societies have guidance on ambient temperature which affect the steel grade because in cold temps you have requirements for different types of steel, and also heating, piping and deicing. You have to also to make sure that the life-saving appliances function in various conditions. Aker Arctic works with both the owner s chosen standards and the requirement for a commercially profitable concept in the conceptual, pre-design phase. Ice conditions may impact performance, depending on how the hull is affected by different types of ice on a particular route. Aker can make ice expeditions to the places where the vessels are supposed to be operating and we measure the ice properties and various other environmental parameters. Based on those measurements and our internal database we can form our design basis for the ships, said Uuskallio. Staffing standards "You have to have your own experience. If you don't have experienced crew you have to have an ice pilot for those conditions," said Uuskallio. The United Nations' International Maritime Organisation (IMO) is currently finalizing a Polar Code on staffing and operating in ice conditions for approval in May and adoption in November. NEWS NUDGE Italian classification society chosen by Danish Maritime Authority Registro Italiano Navale, the Italian-based international classification society known as RINA, has been authorised by the Danish Maritime Authority to act on its behalf to carry out plan approval and surveillance during construction on board ships using LNG as marine fuel. Höegh LNG reports results Höegh LNG of Norway, the LNG carrier owner and floating import terminals developer, recorded income of $51.6 million but posted a fourth-quarter loss of $4.2M. The company is currently involved in several tendering processes, and is positioned to meet start-up requirements of ongoing tenders with two uncommitted FSRUs under construction Lebanon FSRU tender closes The winner of an FSRU tender by the Ministry of Energy and Water in Lebanon has been selected, according to an official, but not yet publiclly announced. Höegh LNG was participating in the bidding. Golar LNG FSRU in Gulf The newbuild Golar LNG Floating Storage and Regasification vessel, Golar Igloo, was just off Dubai, according to shipping data, on its way from South Korea to Kuwait where it will act as the Gulf nation's LNG import facility for the next five years. Gazprom reports transport sales increase Gas transportation net sales increased by 34 percent to $3,339m (RUB 120,727) million in the nine month period ended September 30, 2013 from RUB 90,314 million in the nine month period ended September 30, 2012 primarily due to an increase in transportation volumes and gas transportation tariffs for independent suppliers, said the shipper.

5 6 March 2014 LNG Unlimited NEWS 5 Gasum acquires Skangass in Norway Finnish gas supplier Gasum has acquired a 51 percent majority interest Norwegian Skangass s distribution operations in Sweden and Norway from Lyse Corporation. The acquisition expands Gasum's distribution area to include Finnish, Norwegian and Swedish markets. Skangass had two bunker tankers chartered for its LNG bunkering operations. Gasum also aims to increase its LNG delivery reliability through combining Skangass s terminals and tankers with its distribution network, to supply the growing Nordic LNG market. Gasum expects new emission regulations for sulphur dioxide coming to effect in 2015 will increase LNG bunkering demand. It walso plans to meet the needs of industrial clients and future heavy duty traffic. The acquisition enables the creation of sufficient market coverage and distribution infrastructure in the Nordic countries, giving Gasum the possibility to offer a much more competitive product for end users in the maritime, industry and heavy transport sectors, said Johanna Lamminen, Gasum s excecutive vice president. The company plans to rapidly develop gas infrastructure in the Nordic countries through a strategy of combined import quantities resulting in more cost-efficient LNG sourcing at new LNG terminals. APC launches STS/bunkering couplings range with controlled closure Coupling manufacturer Alpha Process Controls International (APC), which has in the past designed couplings for onshore LNG transfer, has expanded its line of products to include large scale, offshore LNG transfer couplings. The new marine couplings range features a dampened valve closure mechanism that offers operational advantages of speed and safety over the slam-shut, flap couplings commonly used. Flap couplings may require users to reduce their flow rates due to the risk of a pressure spike in the system. APC s dampened closure mechanism helps reduce these pressure spikes and prevent damages to the APC s bolt-type couplings. The largest Russian operator, which has a fleet of 20 vessels, has taken delivery of its latest ice class gass carrier from Korean Shipyard STX. Sovcomflot held a naming ceremony for 170,200 cubic metre capacity ice class LNG carrier, Velikiy Novgorod at the shipyard in January. It been designed with an ice classification is Ice2, including anti-ice and winterization to -30 degrees, for sailing through sea ice. The vessel has a total length of 300 metres. The sister ship of Velikiy Novogorod, Pskov, is due for delivery in LNG transfer pumps from cavitation, allowing increased flow rates. APC, with distributors globally, is part of UK-based engineering firm GT Group, which offers engineering services for the oil and gas industry. The group supplies a range of equipment for LNG transfer, including fixed and adjustable hose support saddles and concentric reducers approved for use in a marine environment. APC has also September. It is one of three additional vessels scheduled for delivery to Sovcomflot before MAN engines The LNG carrier will use MAN DFDE engines. The MAN engine order comprised two MAN 8L51/60DF and two MAN 9L51/60DF engines, supplied break-bolt type breakaway couplings for LPG, fuel oils and chemicals transfer. To develop the LNG range, APC invested 1 million in an in-house research and development centre which uses water testing and 3D modeling. The new range will be available to buy from April. Applications The company expects the range to be used to enhance safety of shipto-ship LNG transfers in the event that the two ships part while still connected, or in LNG bunkering, to provide safety link when vessels are being fuelled in ports. APC says that particularly in a port environment, its quick connect feature is intended to speed connection and fill times for LNG refuelling, contributing to the safety of plant and personnel. The couplings may also be used for large scale offshore applicaions, for example, LNG emergency ship-to-ship transfer (ESTS) in a salvage operation where LNG has to be removed from a stricken LNG carrier. Sovcomflot takes delivery of Velikiy Novgorod Operator Sovcomflot has taken delivery the 5th LNG carrier in Russian Gazprom s tanker fleet, the first in a series of ice class vessels on long-term charter to Gazprom. 170,200cbm Velikiy Novgorod ice class. with a total rated power of 34 MW, which were constructed at MAN s Augsburg plant in Germany. The configuration is intended to provide an efficient, lowemission propulsion system in gas mode, with a high degree of redundancy.

6 6 NEWS LNG Unlimited 6 March 2014 THE WORLD S NEWEST LNG CARRIERS Name Yard Design Prop. CBM Delivery Trade Route Ship Owner Hull Operator Golar Igloo Samsung TZ Mk. III DFDE Q1-14 Kuwait FSRU Golar LNG 2031 Wilhelmsen Golar Clean Ocean Hyundai Heavy TZ Mk. III DFDE Q1-14 Dynagas 2558 Dynagas Cool Runner Samsung TZ Mk. III DFDE Q1-14 Thenamaris 2046 Bernard Schulte Gaslog NB-6 Samsung TZ Mk. III DFDE Q1-14 Shell Portfolio GasLog 2042 CERES Golar Bear Samsung TZ Mk. III DFDE Q1-14 Golar LNG 2027 WilhelmsenGolar Independence Hyundai Heavy TZ Mk. III DFDE Q1-14 Indonesia FSRU Høegh LNG 2548 Høegh LNG Maran Gas Delphi DSME GT NO 96 DFDE Q1-14 BG Portfolio Nakilat / Maran Gas 2296 Anangel Maritime (60%) Maran Gas Lindos DSME GT NO 96 DFDE Q1-15 BG Portfolio MaranGas 2292 Anangel BW Gas NB-2 Hyundai Heavy TZ Mk. III DFDE Q1-15 BW Gas 2572 BW Gaslog NB-8 Samsung TZ Mk. III DFDE Q1-15 Gaslog 2044 CERES Maran Gas Mistras DSME GT NO 96 DFDE Q1-15 BG Portfolio MaranGas 2405 Anangel MOL PNG NB-1 Hudong Membrane SSD Q1-15 PNG / Gorgon Mitsui OSK H1670A MOL Chevron NB-3 Samsung TZ Mk. III DFDE Q1-15 Chevron Portfolio Chevron 1941 Chevron Shipping Chubu NB-3 Mitsubishi H.I. Moss STRH Q1-15 Chubu Electric NYK 2298 NYK Dynacom NB-6 Hyundai Heavy TZ Mk. III DFDE Q1-15 Dynagas 2566 Dynagas Hoegh NB-4 FSRU Hyundai Heavy TZ Mk. III Azipod Q1-15 Høegh LNG 2251 Høegh LNG Shell NB-1 Samsung Membrane FLNG Q1-16 Shell FLNG Shell 2030 STASCO Sinopec NB-1 Hudong Membrane DFDE Q1-16 APLNG China Shipping H1715A TBD Maria Energy Hyundai Heavy TZ Mk. III DFDE Q1-16 Tsakos 2612 TBD NLNG NB-4 Samsung TZ Mk. III DFDE Q1-16 Nigeria LNG Bonny Gas Transport 2078 BGT Gaslog NB-9 Samsung TZ Mk. III DFDE Q1-16 BG Portfolio Gaslog 2073 CERES Maran NB-14 Hyundai Samho TZ Mk. III DFDE Q1-16 BG Portfolio MaranGas S690 Anangel MOL PNG NB-4 Hudong Membrane SSD Q1-16 PNG / Gorgon Mitsui OSK H1673A MOL TBN NB-2 STX O&S GT NO 96 DFDE Q1-16 TBN (x-alpha) 1671 TBD Teekay NB-1 DSME GT NO 96 MEGI Q1-16 Cheniere Teekay LNG 2407 Teekay LNG Maran NB-16 DSME GT NO 96 DFDE Q1-16 BG Portfolio MaranGas 2412 Anangel Gaslog NB-12 Samsung TZ Mk. III DFDE Q1-17 BG Portfolio Gaslog 2103 CERES Sinopec NB-4 Hudong Membrane DFDE Q1-17 APLNG China Shipping H1718A TBD Flex NB-1 Samsung TZ Mk. III DFDE Q1-17 Flex LNG TBN TBD Petronas NB-2 Hyundai Heavy Moss STRH Q1-17 Petronas 2730 MISC Teekay NB-5 DSME GT NO 96 MEGI Q1-17 Teekay LNG TBN Teekay LNG Flex NB-2 Samsung TZ Mk. III DFDE Q1-17 Flex LNG TBN TBD Corcovado DSME GT NO 96 DFDE Q2-14 Cardiff 2297 Cardiff Gas PGN FSRU Lampung Hyundai Heavy TZ Mk. III Azipod Q2-14 Lithuania FSRU Høegh LNG 2549 Høegh LNG EE NB-1 FSRU DSME GT NO 96 DFDE Q2-14 Petrobras VT3 Excelerate Energy 2402 TBD Golar Crystal Samsung TZ Mk. III DFDE Q2-14 Golar LNG 2022 Wilhelmsen Golar Golar Penguin Samsung TZ Mk. III DFDE Q2-14 Golar LNG 2023 Wilhelmsen Golar Hoegh NB-3 FSRU Hyundai Heavy TZ Mk. III Azipod Q2-14 Colburn LNG FSRU Høegh LNG 2550 Høegh LNG Kita DSME GT NO 96 DFDE Q2-14 Cardiff 2298 Cardiff Gas Maran Gas Efessos DSME GT NO 96 DFDE Q2-14 BG Portfolio Nakilat / Maran Gas 2291 Anangel Maritime (60%) Chevron NB-1 Samsung TZ Mk. III DFDE Q2-14 Chevron Portfolio Chevron 1920 Chevron Shipping Golar Frost Samsung TZ Mk. III DFDE Q2-14 Golar LNG 2055 Wilhelmsen Golar Maran Gas Posidonia Hyundai Samho TZ Mk. III DFDE Q2-14 BG Portfolio Nakilat / Maran Gas S625 Anangel Maritime (60%) Maran Gas Alexandria Hyundai Samho TZ Mk. III DFDE Q2-15 BG Portfolio MaranGas S627 Anangel Osaka Gas NB-2 Mitsubishi H.I. Moss STRH Q2-15 Osaka Gas Mitsui OSK / Osaka Gas 2296 MOL Chevron NB-4 Samsung TZ Mk. III DFDE Q2-15 Chevron Portfolio Chevron 1942 Chevron Shipping Brunei NB-2 Hyundai Heavy TZ Mk. III DFDE Q2-15 Brunei Fleet Brunei Gas Carriers 2607 STASCO Dynacom NB-7 Hyundai Heavy TZ Mk. III DFDE Q2-15 Dynagas 2567 Dynagas Maran Gas Troy DSME GT NO 96 DFDE Q2-15 BG Portfolio MaranGas 2406 Anangel MOL PNG NB-2 Hudong Membrane SSD Q2-15 PNG / Gorgon Mitsui OSK H1671A MOL Petronas FLNG NB DSME GT NO 96 FLNG Q2-15 Petronas FLNG Petronas 6302 TBD Maran NB-15 Hyundai Samho TZ Mk. III DFDE Q2-16 BG Portfolio MaranGas S691 Anangel NLNG NB-5 Hyundai Heavy TZ Mk. III DFDE Q2-16 Nigeria LNG Bonny Gas Transport 2637 BGT Gaslog NB-10 Samsung TZ Mk. III DFDE Q2-16 BG Portfolio Gaslog 2072 CERES DFDE = dual fuel diesel engines, STRH = steam turbine reheat / ultra steam turbine, MEGI = marine electric gas injection, DRL = slow speed diesel, FSRU = vessel with regas capacity, FLNG = floating LNG production unit

7 6 March 2014 LNG Unlimited NEWS 7 Name Yard Design Prop. CBM Delivery Trade Route Ship Owner Hull Operator Kansai NB-1 Kawasaki Moss STRH Q2-16 Kansai Kansai / Mitsui OSK 1712 MOL Maran NB-17 DSME GT NO 96 DFDE Q2-16 BG Portfolio MaranGas 2413 Anangel NLNG NB-6 Samsung TZ Mk. III DFDE Q2-16 Nigeria LNG Bonny Gas Transport 2079 BGT Sinopec NB-2 Hudong Membrane DFDE Q2-16 APLNG China Shipping H1716A TBD Teekay NB-2 DSME GT NO 96 MEGI Q2-16 Cheniere Teekay LNG 2408 Teekay LNG Kansai NB-2 Mitsubishi H.I. Moss STRH Q2-17 Kansai Kansai / Mitsui OSK 2299 MOL Petronas NB-3 Hyundai Heavy Moss STRH Q2-17 Petronas 2731 MISC Osaka Gas NB-3 Mitsubishi H.I. Moss STRH Q2-17 Osaka Gas Mitsui OSK / Osaka 2311 MOL Gas / Kyushu Petronas NB-4 Hyundai Heavy Moss STRH Q2-17 Petronas 2732 MISC Sinopec NB-5 Hudong Membrane DFDE Q2-17 APLNG China Shipping H1719A TBD SCF Pskov STX O&S GT NO 96 DFDE Q3-14 Gazprom Portfolio Sovcomflot 1911 Sovcomflot Clean Planet Hyundai Heavy TZ Mk. III DFDE Q3-14 Dynagas 2565 Dynagas Golar Glacier Hyundai Samho TZ Mk. III DFDE Q3-14 Golar LNG S658 WilhelmsenGolar Chevron NB-2 Samsung TZ Mk. III DFDE Q3-14 Chevron Portfolio Chevron 1921 Chevron Shipping Palu DSME GT NO 96 DFDE Q3-14 Cardiff 2400 Cardiff Gas TEPCO NB-1 Mitsubishi H.I. Moss STRH Q3-14 TEPCO NYK 2289 NYK Golar Snow Samsung TZ Mk. III DFDE Q3-14 Golar LNG 2047 WilhelmsenGolar Maran NB-12 Hyundai Samho TZ Mk. III DFDE Q3-15 BG Portfolio MaranGas S689 Anangel NLNG NB-1 Samsung TZ Mk. III DFDE Q3-15 Nigeria LNG Bonny Gas Transport 2076 BGT SCF Melampus STX O&S GT NO 96 DFDE Q3-15 Shell Portfolio Sovcomflot 1912 Sovcomflot Teekay NB-3 DSME GT NO 96 MEGI Q3-16 Teekay LNG 2416 Teekay LNG Uruguay FSRU DSME GT NO 96 DFDE Q3-16 Uruguay FSRU Mitsui OSK TBN MOL Adam Hyundai Heavy TZ Mk. III DFDE Q4-14 Oman LNG 2584 Oman Shipping Brunei NB-1 Hyundai Heavy TZ Mk. III DFDE Q4-14 Brunei Fleet Brunei Gas Carriers 2606 STASCO Cool Explorer Samsung TZ Mk. III DFDE Q4-14 Thenamaris 2049 Bernard Schulte Osaka Gas NB-1 Mitsubishi H.I. Moss STRH Q4-14 Osaka Gas Mitsui OSK / Osaka Gas 2295 MOL Golar Kelvin Hyundai Samho TZ Mk. III DFDE Q4-14 Golar LNG S659 WilhelmsenGolar Gaslog NB-7 Samsung TZ Mk. III DFDE Q4-14 Gaslog 2043 CERES BW Gas NB-1 Hyundai Heavy TZ Mk. III DFDE Q4-14 BW Gas 2571 BW Yari DSME GT NO 96 DFDE Q4-14 Cardiff 2401 Cardiff Gas Chubu NB-2 Mitsubishi H.I. Moss STRH Q4-14 Chubu Electric Mitsui Osk / Mitsubishi 2297 MOL Golar Ice Samsung TZ Mk. III DFDE Q4-14 Golar LNG 2048 WilhelmsenGolar Golar Eskimo Samsung TZ Mk. III DFDE Q4-14 Jordan FSRU Golar LNG 2024 WilhelmsenGolar Maran Gas Sparta Hyundai Samho TZ Mk. III DFDE Q4-14 BG Portfolio MaranGas S626 Anangel BW Gas NB-3 FSRU Samsung Membrane DFDE Q4-15 BW Gas 2074 BW Maran NB-13 Hyundai Samho TZ Mk. III DFDE Q4-15 BG Portfolio MaranGas S688 Anangel MOL PNG NB-3 Hudong Membrane SSD Q4-15 PNG / Gorgon Mitsui OSK H1672A MOL NLNG NB-2 Hyundai Heavy TZ Mk. III DFDE Q4-15 Nigeria LNG Bonny Gas Transport 2636 BGT SCF Mitre STX O&S GT NO 96 DFDE Q4-15 Shell Portfolio Sovcomflot 1913 Sovcomflot Golar Tundra Samsung TZ Mk. III DFDE Q4-15 Gas Atacama FSRU Golar LNG 2056 WilhelmsenGolar Chevron NB-5 Samsung TZ Mk. III DFDE Q4-15 Chevron Portfolio Chevron 2069 Chevron Shipping Chevron NB-6 Samsung TZ Mk. III DFDE Q4-15 Chevron Portfolio Chevron 2070 Chevron Shipping Chubu NB-1 Kawasaki Moss STRH Q4-15 Chubu Electric K-Line 1713 K-Line NLNG NB-3 Samsung TZ Mk. III DFDE Q4-15 Nigeria LNG Bonny Gas Transport 2077 BGT TBN NB-1 STX O&S GT NO 96 DFDE Q4-15 TBN (x-alpha) 1670 TBD Gaslog NB-11 Samsung TZ Mk. III DFDE Q4-16 BG Portfolio Gaslog 2102 CERES SK Marubeni NB-1 Samsung TZ Mk. III DFDE Q4-16 Ichtys LNG SK Shipping / Marubeni 2080 SK Shipping Teekay NB-4 DSME GT NO 96 MEGI Q4-16 Teekay LNG 2417 Teekay LNG BW Gas NB-4 FSRU Samsung Membrane DFDE Q4-16 BW Gas 0 BW Sinopec NB-3 Hudong Membrane DFDE Q4-16 APLNG China Shipping H1717A TBD Ichtys NB-1 Kawasaki Moss DFDE Q4-16 Ichtys LNG K-Line 1718 K-Line Inpex NB-1 Mitsubishi H.I. Moss STRH Q4-16 Ichtys LNG K-Line / Inpex 2310 K-Line Petronas NB-1 Hyundai Heavy Moss STRH Q4-16 Petronas 2729 MISC SK Marubeni NB-2 Samsung TZ Mk. III DFDE Q4-16 Total Portfolio SK Shipping / Marubeni2081 SK Shipping Sinopec NB-6 Hudong Membrane DFDE Q4-17 APLNG China Shipping H1720A TBD DFDE = dual fuel diesel engines, STRH = steam turbine reheat / ultra steam turbine, MEGI = marine electric gas injection, DRL = slow speed diesel, FSRU = vessel with regas capacity, FLNG = floating LNG production unit