Tadas Matulionis LNG Terminal Director April 26th, 2017 THE TRANSFORMATIVE POWER OF LIQUID GAS

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1 Tadas Matulionis LNG Terminal Director April 26th, 2017 THE TRANSFORMATIVE POWER OF LIQUID GAS

2 KN AN OIL PRODUCT AND LNG TERMINAL OPERATOR Traditional business Focus on strategic expansion development, construction and operation of LNG terminals 50+ years of oil product terminal operations Klaipeda LNG terminal based on FSRU Independence LNG reloading and bunkering station under construction in Klaipeda State fuel reserves terminal LNG transport and bunkering vessel project for the Baltic Sea LNG terminal development and Advisory services 2

3 KLAIPEDA LNG TERMINAL IN ITS 3 RD YEAR OF OPERATIONS Forecast After 2017 Natural gas supplied, bcm >1.2 >1.6 Capacity utilization 10% - 15% 30% - 90% 25% - 90% >40% Terminal users Multiple users New users Access to regas markets LNG suppliers Multiple suppliers Operational regime Energy security Energy security Commercial regas Energy security Commercial regas Commercial reloading Commercial truck loading Energy security Commercial regas Commercial reloading Commercial truck loading 3

4 average Nm 3 / day UTILIZATION OF KLAIPEDA LNG TERMINAL 2017 Approved LNGT regasification schedule + additional capacity booking forecast KN provisional forecast Up to 90% technical capacity utilization 320% YOY increase in regasified volume in 2016 Reload operations started in e Booked capacity Spare capacity Forecasted additional utilization 4

5 TRANSFORMATION OF BALTIC GAS MARKETS Gas markets Separate domestic Moving towards regional Diversification of supply sources and absence of geographical clauses enable cross border trade and future gas market integration Gas market ownership Vertically integrated Unbundled Security of supply Unacceptably low Ensured Contracts Long term, take or pay Increasing term and commitment diversity Growing penetration of hub pricing driving reduction in average contract length Price level Well above the EU average Correlates with the rest of the EU Access to LNG increased competition and opened the region up to global gas price convergence trend Pricing mechanism Oil - indexed Market determined Global LNG oversupply is eroding the traditional price setting role of oil-indexed Russian gas contracts Gas suppliers Effectively limited to one Unlimited 5

6 LNG TRUCK LOADING TO START OPERATIONS IN 2017 Some of the technical parameters of the LNG reloading station Construction site Volume of LNG storage tanks (from appr. August 2017) Volume of LNG storage tanks (from appr. January 2018) 2 x m 3 5 x m 3 Maximal LNG filling level 90% Station s annual technological capacity (from January 2018) The amount BOG* as part of the total volume in storage tanks LNG truck loading rate Number of truck loading bays Maximal number of LNG loaded trucks per day (from January 2018) Length of the jetty LNG bunkering rate m 3 0,07%/ day m 3 / hour 2 bays 24 trucks 250 m m 3 / hour 6

7 LNG TRANSPORTATION AND BUNKERING VESSEL TO START OPERATIONS FROM KLAIPEDA IN 2018 Supplying the marine customers of Nauticor LNG with liquefied natural gas (LNG) as ship fuel Operational LNG terminal Planned LNG terminal Tornio Securing a flexible LNG transport service to the LNG reloading station of Klaipedos Nafta Nyneshamn Pori Vessel LNG LOA: Breadth: Draught: Crew: 117 m 18 m 5.3 m max. 20 Capacity Tank type Pressure Flow rate Delivery height 7,500 cbm (LNG) Type C 3.75 barg 200-1,250 cbm/h 2-25 m Offering further services regarding LNG, e.g. transporting it to smallscale terminals at the Baltic and North Sea Re-load Klaipeda 7

8 KLAIPEDA LNG TERMINAL SMALL SCALE LNG ENABLER Tornio Conventional cargo break bulking services for LNG deliveries to small scale terminals in the Baltics - LNG re-export from Klaipeda started in January day voyage from Klaipeda LNG truck loading services in Klaipeda servicing off-grid and road traffic customers - Klaipeda LNG truck loading starts in 2017 LNG fuelled vessel bunkering in the Baltic Sea - Ice class multi purpose vessel to be launched in 2018 Investing in additional small scale LNG terminals along the Baltic coastline - Enabling access to gas in off-grid areas Risavika Ora 1 day voyage from Klaipeda Lysekil Gavle Pori Nyneshamn Klaipeda Tallinn Ust-Luga LNG competence building in the region - LNG cluster in Klaipeda Gate Swinoujscie Existing Planned 8