The Americas Waterborne LNG Report

Waterborne Energy, Inc. 25 Aug 2011 The Americas Waterborne LNG Report 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 1

Waterborne Energy, Inc. 25 Aug 2011 Notes Of Interest August & September U.S. LNG Import Forecast The August U.S. LNG import forecast currently stands at 31 Bcf; a 43% increase from the previous month and a 44% increase on a year-over-year basis. Our August forecast was revised downward when compared to last weeks report due to the exclusion of an end-month Everett cargo. Of the 33 Bcf forecasted to arrive in the U.S. during August, there is a high degree of certainty that 13 Bcf the volumes being imported into the Gulf Coast is slated for re-export in the near future. The September U.S. LNG import forecast currently stands at 14 Bcf; a 54% decrease from the August forecast and a year-over-year decrease of 50%. As mentioned in last weeks report, we could see an increase in Qatari sourced LNG coming into the Gulf Coast if Asian LNG demand has been met through October. If these cargoes do come to fruition, we will see them stored and eventually re-exported during the winter months. LNG Import Forecast Two Atlantic Basin Spot Cargoes Being Offered Nigeria LNG and Trinidad LNG are both offering FOB spot cargoes for September loadings. NLNG - which has been offering 2-3 FOB spot cargoes a month since June has issued its first September cargo to be loaded on the 13 th. TLNG who is not as active in marketing spot FOB cargoes as NLNG has issued a spot FOB loading for the 27 th. There has been a dramatic increase in Atlantic Basin FOB spot offerings during the past few months, which has been a direct result to the March 11 th Japanese earthquake/tsunami (see graph below). With Northeast Asian LNG prices currently at a $11.70 premium to Henry Hub and $6.70 premium to NBP, many players holding 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterborneenergy.com 2

Waterborne Energy, Inc. 25 Aug 2011 Atlantic Basin LNG have diverted cargoes away from Europe and the U.S. and have sent them to the Far East. The longer voyage time associated with taking Atlantic Basin LNG to the Far East has put a real strain on the shipping market; this has reduced tanker deliverability rates which in turn frees up LNG cargoes, which need to be sent out in order to continue with production. These two FOB spot cargoes will most likely be offered at a $2.50 - $3.00 premium to NBP, which is in line with what we have seen in the past few weeks. Asian Imports of Atlantic Basin LNG 80 70 Peaks correspond to seasonal demand bcf 60 50 40 30 20 10 0 Jan-09 Feb-09 March 11th earthquake/tsunami Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 European Trading Outfit Purchase Sabine Pass Cargo It is understood that Vitol has purchased a Chevron cargo out of the Sabine Pass LNG terminal, which will be loaded in early November. Chevron has recently taken in a Qatari sourced cargo that was brought in on a Q-Flex - which has a storage capacity of 4.6 Bcf of natural gas this is most likely the basis for the re-export cargo. There is speculation that Vitol purchased the cargo at around the $12.50 mark, which limits its destination to Northeast Asia once the freight cost of around $4 is tacked on. Vitol currently has two LNG tankers on charter; the 177,300-cbm Ben Badis - which is presently ballasting and headed into the Atlantic Basin they also have the 149,172- cbm Muscat LNG which is currently anchored in Fujairah. 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 3

Waterborne Energy, Inc. 25 Aug 2011 Petrobras to Load Back-to-Back Re-Exports The 126,300-cbm LNG Capricorn - which is currently under Petrobras control is due to arrive at the Sabine Pass LNG terminal on September 1 st. It is unclear who has sold the re-export cargo Cheniere, Total or Chevron but it is understood that the LNG Capricorn will load a partial cargo at the Sabine Pass LNG terminal, and then will head to the Freeport LNG terminal to finish loading. The likely sellers at the Freeport LNG terminal would be ConocoPhillips or Macquarie. Petrobras had recently completed a reexport out of the Freeport LNG terminal back on the 27 th of July. This cargo was loaded on the 126,400-cbm LNG Libra and was sent to Petrobras FSRU in Rio de Janeiro. Quick Glance Netback Table ($/mmbtu) 2011-2015 Liquefaction Project Schedule / Status Project* # of Trains Annual Capacity Estimated Start Date Pluto LNG (Australia) 1 4.8 mtpa (230 bcf) Mar 2012 Angola LNG (Angola) 1 5.2 mtpa (249 bcf) Mar 2012 PNG (Papua New Guinea) 2 6.6 mtpa (317 bcf) 2014 Queensland Curtis LNG 2 8.5 mtpa (408 bcf) 2014 (Australia) Gorgon (Australia) 3 15 mtpa (721 bcf) 2014 DS LNG (Indonesia) 1 2.0 mtpa (96 bcf) 2015 Skikda (Algeria) 1 4.7 mtpa (225 bcf) 2015 GLNG (Australia) 2 7.8 mtpa (374 bcf) 2015 Prelude FLNG 1 3.6 mtpa (173 bcf) 2017 Total 58.2 mtpa (2,793 bcf) * All projects either under construction or highly likely Current Status 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 4

Waterborne Energy, Inc. 25 Aug 2011 U.S. LNG Re-Export Schedule 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 5

Waterborne Energy, Inc. 25 Aug 2011 Recent Spot Transactions 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 6

Waterborne Energy, Inc. 25 Aug 2011 US LNG EXPORT PROJECTS STATUS CHART TERMINAL Sabine Pass Freeport Lake Charles Cameron Cove Point OWNER/ APPLICANT Cheniere Freeport LNG Southern Union/ Sempra Dominion BG COMMERCIAL Macquarie PARTNERS CAPACITY REQUESTED 16 mtpa 2.2 Bcf/day 9 mtpa 1.4 Bcf/day 15 mtpa 2 Bcf/day DOE APPLICATIONS: FTA: Docket ID Date Filed Approved 10 85 LNG 11 AUG 2010 07 SEP 2010 10 160 LNG 17 DEC 2010 10 FEB 2011 11 59 LNG 06 MAY 2011 22 JUL 2011 Non FTA: Docket ID Date Filed Approved 10 111 LNG 07 SEP 2010 20 MAY 2011 10 161 LNG 17 DEC 2010 Expected AUG 2011 11 59 LNG 06 MAY 2011 Pending PERMIT TERMS 7 years from issuance or 20 years from initial cargo FERC PERMITS: Docket ID CP11 72 Date Filed 31 JAN 2011 STATUS/ ISSUES DOE order #2961 authorizes LNG exports to non FTA countries. FERC review underway Environmental review (EIS) could flag air emissions issues Expected: 7 years from issuance/ 25 year term requested PF11 2 O5 JAN 2011 DOE non FTA export authorization expected in AUG 2011. FERC review underway, air emissions issues mitigated by grid electrical power based operations Requested: 10 years from issuance and 25 year term DOE application combined FTA and non FTA in single filing. Order No. 2987 of July 22 granted partial approval allowing for FTA export. FERC application not filed 07 JUN 2011 news release announcing Sempra s prospective interest in providing liquefaction and export service ( Sempra mulls US gas export plant ) 01 FEB 2010 Dominion news release ( Dominion eyes Cove Point LNG export by 2015 ) Public and political opposition expected due to Marcellus shale environmental issues 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 7

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Monthly North American LNG Port Summary (Bcf) (East Coast) Canaport, NB, Canada Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 22.36 16.66 13.59 10.80 8.07 7.99 2.89 8.01 90.37 2010 12.79 10.04 2.88 5.63 5.72 5.67 2.79 5.72 5.92 5.67 2.79 8.34 73.96 2009 2.84 2.88 5.63 5.82 5.67 5.68 13.20 41.72 Neptune LNG Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 0.22 0.22 2010 0.99 0.44 0.34 1.77 Northeast Gateway, MA Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2010 6.98 6.97 13.95 2009 1.81 0.14 2.89 4.84 2008 0.92 0.92 Everett, MA Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 12.94 17.09 14.67 11.11 8.13 13.75 11.12 8.01 11.35 108.17 2010 13.96 13.77 12.30 8.32 13.43 12.82 13.59 13.33 10.69 12.20 11.01 12.23 147.65 2009 17.01 15.99 14.14 14.28 11.31 13.84 11.87 13.87 7.29 12.54 13.69 13.60 159.43 2008 14.87 15.63 12.70 12.49 10.75 13.20 13.94 13.89 12.65 13.45 13.59 16.52 163.68 2007 19.87 13.98 16.10 19.72 11.33 14.16 17.07 16.73 11.53 14.07 13.00 16.03 183.59 2006 13.73 16.77 16.39 13.91 16.58 13.64 14.24 14.21 10.62 13.80 14.04 16.51 174.44 2005 17.72 12.97 17.05 13.71 16.80 13.40 13.59 13.26 10.29 16.46 12.34 14.38 171.97 2004 16.59 15.74 13.86 16.26 11.65 12.19 12.74 13.30 12.97 15.18 15.49 15.54 171.51 Cove Point, MD Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 2.90 5.81 2.56 11.27 2010 14.80 8.68 8.77 5.41 5.73 43.39 2009 2.98 5.99 2.89 14.26 11.49 11.52 8.74 2.83 2.88 2.84 5.85 72.27 2008 5.80 2.97 2.94 2.60 3.03 5.91 2.98 26.23 2007 14.35 4.67 23.29 20.59 22.42 23.22 23.41 5.79 5.80 3.03 146.57 2006 11.92 10.98 8.84 14.39 11.61 14.53 11.97 11.76 5.44 2.84 2.46 9.02 115.76 2005 21.02 20.62 18.69 16.84 23.21 20.69 17.76 8.05 17.16 17.53 18.84 20.30 220.71 2004 16.20 19.78 15.94 16.14 16.37 20.79 17.47 18.34 17.61 16.63 17.45 23.23 215.95 Elba Island, GA Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 5.46 5.78 8.77 5.89 8.60 2.92 7.52 7.18 2.91 55.03 2010 11.31 8.90 8.62 8.38 11.93 8.57 11.62 7.97 11.81 5.98 5.48 5.83 106.40 2009 8.66 5.84 8.69 20.15 22.34 14.40 17.50 11.76 14.51 8.58 8.71 8.58 149.72 2008 4.86 4.99 5.31 13.78 13.98 13.64 17.03 14.04 14.01 13.81 6.05 11.13 132.63 2007 10.71 15.28 13.65 13.74 16.05 16.81 19.62 22.97 15.17 10.54 10.54 4.77 169.85 2006 7.87 7.86 7.93 13.40 13.66 13.74 13.55 16.81 13.88 10.58 13.43 13.97 146.68 2005 7.88 10.58 7.86 7.85 7.90 13.04 13.14 10.87 15.56 13.56 12.55 10.65 131.44 2004 8.08 7.84 5.30 7.86 7.88 9.67 9.25 10.51 10.18 10.35 7.83 10.72 105.47 9

Monthly North American LNG Port Summary (Bcf) (Gulf Coast) Cameron, LA Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 2.97 3.50 3.37 2.90 12.74 2010 4.22 2.78 7.00 2009 2.80 2.98 4.12 9.90 Gulf LNG Energy, MS Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 5.77 5.77 Lake Charles, LA Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 2.28 2.28 2010 2.56 8.73 11.86 11.07 2.38 2.37 38.97 2009 2.98 5.67 5.96 2.75 2.93 2.93 2.60 2.98 2.83 31.63 2008 5.82 3.06 8.88 2007 8.32 8.63 33.67 44.49 41.60 48.66 32.77 20.99 9.04 1.45 249.62 2006 2.98 3.03 16.99 25.29 19.66 20.72 8.75 11.52 8.94 17.17 11.62 146.67 2005 13.66 8.53 9.03 8.45 8.94 5.99 8.35 8.56 11.92 14.36 5.77 103.56 2004 12.94 8.34 13.50 8.33 14.54 20.27 34.32 14.54 14.30 8.36 14.03 163.47 Sabine Pass, LA Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 9.02 8.76 3.11 7.38 28.27 2010 5.08 7.41 3.08 8.90 3.03 4.54 6.69 6.38 45.11 2009 2.91 2.79 5.94 3.06 5.80 4.38 4.66 29.54 2008 3.03 6.10 9.13 Freeport LNG, TX Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 3.17 3.34 3.26 3.10 2.88 15.75 2010 2.91 6.07 3.23 12.21 2009 2.89 2.83 5.72 2008 2.86 2.87 5.73 Golden Pass, TX Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 3.90 5.28 4.01 18.49 4.90 36.58 2010 8.75 4.29 13.04 10

Monthly Latin American LNG Port Summary (Bcf) Penuelas, Puerto Rico Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 2.62 0.65 3.46 2.58 2.30 1.91 2.25 1.83 2.20 19.80 2010 2.56 2.61 2.60 0.42 0.58 2.58 2.60 2.55 2.55 2.50 2.50 24.05 2009 2.59 2.10 2.63 2.55 1.50 2.61 3.41 2.86 2.37 2.61 25.23 2008 2.86 0.64 1.87 2.43 2.97 2.02 2.64 3.80 2.42 0.44 2.85 1.93 26.87 2007 2.75 3.48 3.00 3.00 2.55 2.72 4.43 2.64 1.35 2.54 28.46 2006 2.23 2.21 2.54 2.73 2.54 3.01 3.87 3.00 1.68 3.01 5.64 32.46 2005 1.80 1.80 1.81 1.93 2.18 2.45 2.87 2.43 2.66 0.45 2.73 2.65 25.76 2004 1.55 1.82 1.92 1.90 1.33 1.64 2.94 1.94 2.39 2.43 3.81 1.65 25.32 Andres, Dominican Republic Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 2.93 2.93 2.84 2.74 3.07 2.90 2.90 2.90 2.89 26.10 2010 2.79 2.84 2.88 2.98 2.84 2.84 2.98 2.74 2.74 25.63 2009 3.08 2.88 3.03 2.79 2.93 2.88 2.79 20.38 2008 2.79 2.84 2.84 2.79 2.98 14.24 2007 2.79 2.74 2.80 0.58 2.69 2.79 2.84 2.84 2.93 23.00 Altamira, Tamaulipas, Mexico Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 4.57 11.89 8.33 9.92 12.87 9.78 13.96 17.07 15.11 103.50 2010 6.92 10.05 12.69 12.84 12.98 10.91 15.63 11.26 12.74 15.77 9.57 5.59 136.95 2009 5.96 6.18 5.96 11.92 6.01 11.88 14.70 14.18 11.63 8.79 13.34 11.54 122.09 2008 11.49 8.71 8.80 11.35 11.93 8.58 15.00 8.84 11.73 14.09 5.91 5.96 122.39 2007 8.61 5.82 8.56 10.87 7.45 5.62 8.94 8.70 9.04 4.85 11.48 5.91 95.85 2006 2.84 5.87 5.86 8.16 5.58 28.31 Costa Azul, Mexico Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 3.03 3.08 6.11 2010 2.93 5.86 5.91 8.89 5.91 9.23 5.96 6.37 9.24 6.16 3.08 69.54 2009 2.80 2.80 2008 2.88 2.84 2.93 8.65 11

Monthly Latin American LNG Port Summary (Bcf) Rio de Janeiro, Brazil Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 2.88 2.10 2.98 2.50 2.60 3.10 16.16 2010 2.88 7.03 9.80 14.27 13.77 11.78 8.51 68.04 2009 2.31 2.79 2.64 7.74 Pecem, Brazil Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 1.00 2.98 1.68 2.50 8.16 2.79 2.79 2.84 6.56 4.28 2.93 2.00 2.79 26.98 2.31 2.84 2.84 2.84 2.60 2.84 16.27 Bahia Blanca, Argentina Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 5.72 5.74 5.74 5.80 12.91 10.50 15.63 15.93 14.30 92.27 2010 4.76 5.67 5.67 8.32 8.47 8.56 5.78 2.88 5.67 5.74 61.52 2009 8.47 5.72 8.51 2.88 5.72 2.88 34.18 2008 6.77 5.86 5.72 18.35 Escobar, Argentina Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 3.20 4.70 7.78 10.00 8.85 34.53 Quintero, Chile Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 5.92 12.04 12.19 9.02 9.36 9.37 9.70 12.49 9.19 89.28 2010 6.01 5.86 5.86 5.76 5.67 5.86 8.85 5.82 9.08 6.01 5.77 11.72 82.27 2009 2.88 2.98 2.98 2.93 5.96 2.93 20.66 Antofagasta, Chile Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 2011 3.08 2.80 3.03 3.03 3.03 3.03 2.83 20.83 2010 3.17 2.74 2.74 2.79 3.17 3.03 3.03 2.79 3.03 26.49 12

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Waterborne Energy, Inc. 25 Aug 2011 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 16

Waterborne Energy, Inc. 25 Aug 2011 17

Waterborne Energy, Inc. 25 Aug 2011 18

Waterborne Energy, Inc. 25 Aug 2011 19

Everett, MA Reported Sendout Capacity Baseload -.700 bcf/day Peak - 1.0 bcf/day Storage Capacity - 3.6 bcf Arrival Date U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Vessel Name Volume CBM MT BCF Source Port Participants 01-Jun-11 Iberica Knutsen 138,000 59,280 2.85 Trinidad GdF/Gas Natural 08-Jun-11 Matthew 126,540 52,624 2.53 Trinidad GDF Suez 15-Jun-11 BW GDF Suez Paris 162,400 60,112 2.89 Yemen GDF Suez 21-Jun-11 Iberica Knutsen 138,000 57,408 2.76 Trinidad GdF/Gas Natural 30-Jun-11 BW Suez Everett 138,000 56,576 2.72 Yemen GDF Suez Jun-2011 Total Volume 286,000 13.75 09-Jul-11 Matthew 126,540 52,000 2.50 Trinidad GDF Suez 17-Jul-11 Catalunya Spirit 138,000 60,112 2.89 Trinidad Gas Natural 23-Jul-11 BW Suez Everett 138,000 57,200 2.75 Trinidad GDF Suez 29-Jul-11 Maran Gas Coronis 145,700 61,984 2.98 Yemen GDF Suez Jul-2011 Total Volume 231,296 11.12 08-Aug-11 BW Suez Everett 138,000 49,920 2.40 Trinidad GDF Suez 17-Aug-11 Sestao Knutsen 138,000 58,864 2.83 Trinidad GDF Suez 26-Aug-11 GDF Suez Neptune 145,130 57,824 2.78 Trinidad GDF Suez Aug-2011 Total Volume 166,608 8.01 02-Sep-11 BW Seuz Boston 138,000 59,904 2.88 Yemen GDF Suez 09-Sep-11 TBN 138,000 58,864 2.83 Trinidad GDF Suez 21-Sep-11 TBN 138,000 59,280 2.85 Trinidad GDF Suez 28-Sep-11 TBN 138,000 58,032 2.79 Trinidad GDF Suez Sep-2011 Total Volume 236,080 11.35 20

Waterborne Energy, Inc. 25 Aug 2011 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 21

Lake Charles, LA Reported Sendout Capacity Baseload - 1.8 bcf/day Peak - 2.1 bcf/day Storage Capacity - 9.1 bcf Arrival Date U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Vessel Name Volume CBM MT BCF Source Port 29-Apr-11 Methane Princess 138,000 47,424 2.28 Trinidad BG Participants 22

Waterborne Energy, Inc. 25 Aug 2011 Date Lake Charles Approximate Inventory Level (+ or -) Vessel Storage Discharge Sendout Capacity Approximate Inventory 08/18/11 7,001 9,100,197 3,895,631 08/19/11 7,160 9,100,198 3,888,471 08/20/11 7,150 9,100,199 3,881,321 08/21/11 7,150 9,100,200 3,874,171 08/22/11 7,150 9,100,201 3,867,021 08/23/11 7,354 9,100,202 3,859,667 08/24/11 7,001 9,100,203 3,852,666 Next Cargo ETA: N/A 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 23

Waterborne Energy, Inc. 25 Aug 2011 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 24

Cove Point, MD Reported Sendout Capacity Baseload - 1.4 Peak - 1.8 bcf/day Storage Capacity - 14.9 bcf Arrival Date U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Vessel Name Volume CBM MT BCF Source Port 24-Aug-11 LNG Lagos 122,000 53,248 2.56 Nigeria Shell Participants Aug-2011 Total Volume 53,248 2.56 25

Waterborne Energy, Inc. 25 Aug 2011 Date Cove Point Approximate Inventory Level (+ or -) Vessel Storage Discharge Sendout Capacity Approximate Inventory 08/19/11 9,668 14,930,219 44,592 08/20/11 5,332 14,930,220 39,260 08/21/11 5,332 14,930,221 33,928 08/22/11 5,332 14,930,222 28,596 08/23/11 2,560,000 5,332 14,930,223 2,583,264 08/24/11 8,668 14,930,224 2,574,596 08/25/11 14,930,225 2,574,596 Next Cargo ETA: N/A 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 26

Waterborne Energy, Inc. 25 Aug 2011 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 27

Elba Island, GA Reported Sendout Capacity Baseload -.9 bcf/day Peak - 1.2 bcf/day Storage Capacity - 7.3 bcf Arrival Date U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Vessel Name Volume CBM MT BCF Source Port 01-Jun-11 Clean Force 149,700 60,736 2.92 Egypt BG Participants Jun-2011 Total Volume 60,736 2.92 04-Jul-11 Gaslog Singapore 155,000 64,480 3.10 Trinidad BG 16-Jul-11 Al Safliya 210,000 91,936 4.42 Qatar Shell Jul-2011 Total Volume 156,416 7.52 01-Aug-11 Methane Princess 138,000 58,032 2.79 Trinidad BG 23-Aug-11 Onaiza 210,100 91,312 4.39 Qatar Shell Aug-2011 Total Volume 149,344 7.18 16-Sep-11 TBN 145,000 60,528 2.91 Trinidad BG Sep-2011 Total Volume 60,528 2.91 28

Waterborne Energy, Inc. 25 Aug 2011 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 29

U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Golden Pass, TX Reported Sendout Capacity Baseload - 2.0 bcf per day Peak 2.7 bcf per day Storage Capacity - 16.9 bcf Arrival Date Vessel Name Volume CBM MT BCF Source Port Participants 02-Jun-11 Bu Samra 266,000 101,920 4.90 Qatar Qatargas 30

Waterborne Energy, Inc. 25 Aug 2011 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 31

Waterborne Energy, Inc. 25 Aug 2011 Date Golden Pass Approximate Inventory Level (+ or -) Vessel Storage Discharge Sendout Capacity Approximate Inventory 08/19/11 17,480 16,701,340 8,748,776 08/20/11 17,480 16,701,341 8,731,296 08/21/11 17,480 16,701,342 8,713,816 08/22/11 17,480 16,701,343 8,696,336 08/23/11 17,480 16,701,344 8,678,856 08/24/11 17,480 16,701,345 8,661,376 08/25/11 13,800 16,701,346 8,647,576 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 32

U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Cameron, LA Reported Sendout Capacity Baseload - 1.65 bcf/day Peak - 1.8 bcf/day Storage Capacity - 10.3 bcf Arrival Date Vessel Name Volume CBM MT BCF Source Port Participants 01-Aug-11 British Innovator 138,200 60,320 2.90 Trinidad BP/Sempra Aug-2011 Total Volume 60,320 2.90 33

Waterborne Energy, Inc. 25 Aug 2011 Date Cameron Approximate Inventory Level (+ or -) Vessel Storage Discharge Sendout Capacity Approximate Inventory 08/18/11 11,123 10,141,214 4,165,411 08/19/11 11,123 10,141,215 4,154,289 08/20/11 11,123 10,141,216 4,143,166 08/21/11 11,123 10,141,217 4,132,043 08/22/11 11,123 10,141,218 4,120,920 08/23/11-10,141,219 4,120,920 08/24/11-10,141,220 4,120,920 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 34

U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Sabine Pass, LA Reported Sendout Capacity Baseload - 4.0 bcf per day Storage Capacity - 16.9 bcf Arrival Date Vessel Name Volume CBM MT BCF Source Port Participants 19-Aug-11 Al Sahla 216,200 89,024 4.28 Qatar Chevron/Qatargas 26-Aug-11 Seri Balqis 157,200 64,480 3.10 Yemen Total Aug-2011 Total Volume 153,504 7.38 35

Waterborne Energy, Inc. 25 Aug 2011 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 36

Waterborne Energy, Inc. 25 Aug 2011 Sabine Pass Approximate Inventory Level (+ or -) Date Vessel Discharge/Re- Sendout Storage Capacity Approximate Inventory Export 08/18/11 16,820 16,800,198 3,778,383 08/19/11 4,280,000 16,820 16,800,199 8,041,563 08/20/11 32,153 16,800,200 8,009,410 08/21/11 35,220 16,800,201 7,974,190 08/22/11 16,820 16,800,202 7,957,371 08/23/11 19,012 16,800,203 7,938,358 08/24/11 20,332 16,800,204 7,918,026 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 37

U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Freeport LNG, TX Reported Sendout Capacity Baseload - 1.5 bcf/day Peak - 1.75 bcf/day Storage 6.4 bcf Arrival Date Vessel Name Volume CBM MT BCF Source Port Participants 05-Jul-11 Grace Cosmos 149,700 64,480 3.10 Yemen ConocoPhillips/GdF Suez Jul-2011 Total Volume 64,480 3.10 17-Aug-11 BW GDF Suez Paris 162,400 59,904 2.88 Yemen ConocoPhillips/GdF Suez Aug-2011 Total Volume 59,904 2.88 38

Waterborne Energy, Inc. 25 Aug 2011 Date Freeport LNG Approximate Inventory Level (+ or -) Vessel Discharge Storage Sendout Capacity Approximate Inventory 08/19/11-6,800,200 4,183,029 08/20/11-6,800,201 4,183,029 08/21/11-6,800,202 4,183,029 08/22/11-6,800,203 4,183,029 08/23/11 4,600 6,800,204 4,178,429 08/24/11 4,600 6,800,205 4,173,829 08/25/11 9,200 6,800,206 4,164,629 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 39

U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Gulf LNG Energy Reported Sendout Capacity Baselaod - 1.3 bcf per day Peak - 1.5 bcf per day Storage Capacity - 6.8 bcf Arrival Date Vessel Name Volume CBM MT BCF Source Port Participants 18-Jun-11 Gaslog Singapore 155,000 58,656 2.82 Trinidad El Paso/BG 27-Jun-11 Methane Alison Victoria 145,000 61,360 2.95 Egypt El Paso/BG Jun-2011 Total Volume 120,016 5.77 40

U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Penuelas, Puerto Rico (The U.S. Government does not include Puerto Rico Imports in the monthly inventory statistics) Arrival Date Vessel Name Volume CBM MT BCF Source Port Participants 27-Jun-11 Matthew 126,540 39,728 1.91 Trinidad GDF Suez Jun-2011 Total Volume 39,728 1.91 22-Jul-11 GDF Suez Neptune 145,130 46,800 2.25 Trinidad GDF Suez Jul-2011 Total Volume 46,800 2.25 16-Aug-11 Catalunya Spirit 138,000 38,064 1.83 Trinidad GDF Suez Aug-2011 Total Volume 38,064 1.83 15-Sep-11 TBN 138,000 45,760 2.20 Trinidad GDF Suez Sep-2011 Total Volume 45,760 2.20 41

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U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Canaport, NB, Canada Reported Sendout Capacity Baseload - 1.0 bcf/day Peak - 1.2 bcf/day Storage Capacity - 6.8 bcf Arrival Date Vessel Name Volume CBM MT BCF Source Port Participants 09-Jun-11 Al Samriya 261,700 109,824 5.28 Qatar Qatargas 16-Jun-11 Bilbao Knutsen 138,000 58,032 2.79 Trinidad Repsol Jun-2011 Total Volume 167,856 8.07 15-Jul-11 Al Ghuwairiya 261,700 108,160 5.20 Qatar Qatargas 25-Jul-11 Hispania Spirit 138,000 58,032 2.79 Trinidad Repsol Jul-2011 Total Volume 166,192 7.99 24-Aug-11 Bilbao Knutsen 138,000 60,112 2.89 Trinidad Repsol Aug-2011 Total Volume 60,112 2.89 12-Sep-11 TBN 261,000 108,160 5.20 Qatar Qatargas 21-Sep-11 TBN 138,000 58,448 2.81 Trinidad Repsol Sep-2011 Total Volume 166,608 8.01 43

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Andres, Dominican Republic U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Volume Arrival Date Vessel Name Source Port Participants CBM MT BCF 22-Jun-11 British Merchant 138,200 60,320 2.90 Trinidad BP/AES Jun-2011 Total Volume 60,320 2.90 19-Jul-11 Arctic Princess 145,000 60,320 2.90 Trinidad BP/AES Jul-2011 Total Volume 60,320 2.90 14-Aug-11 British Diamond 155,000 60,320 2.90 Trinidad BP/AES Aug-2011 Total Volume 60,320 2.90 16-Sep-11 TBN 138,000 60,112 2.89 Trinidad BP/AES Sep-2011 Total Volume 60,112 2.89 46

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U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Altamira, Mexico Reported Sendout Capacity Baseload -.500 bcf per/day Storage Capacity - 6.4 bcf Volume Arrival Date Vessel Name Source Port Participants CBM MT BCF 07-Jun-11 Galea 136,900 59,904 2.88 Nigeria NLNG 14-Jun-11 LNG Delta 126,540 56,160 2.70 Nigeria NLNG 18-Jun-11 Al Sadd 210,100 87,360 4.20 Qatar Qatargas Jun-2011 Total Volume 203,424 9.78 03-Jul-11 LNG Edo 126,530 51,792 2.49 Nigeria NLNG 10-Jul-11 Galea 136,900 58,032 2.79 Nigeria NLNG 17-Jul-11 Al Nuaman 210,100 89,440 4.30 Qatar Qatargas 22-Jul-11 Al Hamla 216,200 91,104 4.38 Qatar Qatargas Jul-2011 Total Volume 290,368 13.96 01-Aug-11 Mesaimeer 216,200 92,560 4.45 Qatar Qatargas 10-Aug-11 Ribera Del Duero Knutsen 173,400 75,920 3.65 Peru Repsol 22-Aug-11 Al Ghashamiya 216,000 114,192 5.49 Qatar Qatargas 31-Aug-11 Maersk Methane 165,000 72,384 3.48 Peru Repsol Aug-2011 Total Volume 355,056 17.07 03-Sep-11 Al Kharaitiyat 216,200 94,224 4.53 Qatar Qatargas 15-Sep-11 LNG Bayelsa 137,300 59,904 2.88 Nigeria NLNG 17-Sep-11 STX Frontier 153,000 66,560 3.20 Peru Repsol 28-Sep-11 TBN 216,000 93,600 4.50 Qatar Qatargas Sep-2011 Total Volume 314,288 15.11 48

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U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Costa Azul, Mexico Reported Sendout Capacity Baseload - 1 bcf/day Peak - 1.3 bcf/day Storage Capacity - 7 bcf Arrival Date Vessel Name Volume CBM MT BCF Source Port Participants 20-Aug-11 TBN 145,000 64,064 3.08 Indonesia Tangguh JV/Sempra 50

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Quintero, Chile U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Arrival Date Vessel Name Volume CBM MT BCF 06-Jun-11 Methane Julia Louise 170,000 68,224 3.28 10-Jun-11 Methane Patricia Camila 170,000 68,224 3.28 Source Port Equatorial Guinea Equatorial Guinea Participant s BG BG 24-Jun-11 Methane Princess 138,000 58,448 2.81 Trinidad BG Jun-2011 Total Volume 194,896 9.37 04-Jul-11 Clean Force 149,700 62,608 3.01 Trinidad BG 14-Jul-11 Methane Julia Louise 170,000 68,224 3.28 26-Jul-11 Methane Patricia Camila 170,000 70,928 3.41 Equatorial Guinea Equatorial Guinea BG BG Jul-2011 Total Volume 201,760 9.70 07-Aug-11 Clean Force 149,700 64,480 3.10 Trinidad BG 13-Aug-11 Seri Bijaksana 145,000 65,520 3.15 Qatar BG 23-Aug-11 LNG Jupiter 145,000 64,480 3.10 Qatar BG 30-Aug-11 Methane Julia Louise 170,000 65,312 3.14 Trinidad BG Aug-2011 Total Volume 259,792 12.49 03-Sep-11 British Diamond 155,000 61,984 2.98 Trinidad BP/BG 15-Sep-11 TBN 145,000 64,688 3.11 Equatorial Guinea 25-Sep-11 TBN 145,000 64,480 3.10 Trinidad BG BG Sep-2011 Total Volume 191,152 9.19 52

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U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Antofagasta, Chile Volume Arrival Date Vessel Name Source Port Participants CBM MT BCF 23-Jun-11 GDF Suez Neptune 145,130 63,024 3.03 Trinidad GDF Suez Jun-2011 Total Volume 63,024 3.03 29-Jul-11 GdF Suez Cape Ann 145,130 63,024 3.03 Yemen GDF Suez Jul-2011 Total Volume 63,024 3.03 12-Sep-11 BW Suez Everett 138,000 58,864 2.83 Trinidad GDF Suez Sep-2011 Total Volume 58,864 2.83 54

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Bahia Blanca, Argentina U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Arrival Date Vessel Name Volume CBM MT BCF Source Port Participants 08-Jun-11 Sestao Knutsen 138,000 58,864 2.83 Trinidad Repsol 15-Jun-11 Hispania Spirit 138,000 59,904 2.88 Trinidad Repsol 18-Jun-11 Methania 126,000 31,200 1.50 Nigeria Morgan Stanley 25-Jun-11 Catalunya Spirit 138,000 37,232 1.79 Trinidad Repsol 28-Jun-11 Excel 138,000 31,200 1.50 Nigeria Morgan Stanley Jun-2011 Total Volume 218,400 10.50 01-Jul-11 Excelsior 138,000 58,032 2.79 Qatar Excelerate Energy 08-Jul-11 Bilbao Knutsen 138,000 58,032 2.79 Trinidad Repsol 15-Jul-11 Sestao Knutsen 138,000 59,072 2.84 Trinidad Repsol 21-Jul-11 Methania 126,000 33,904 1.63 Nigeria Morgan Stanley 24-Jul-11 Madrid Spirit 138,000 58,032 2.79 Trinidad Repsol 28-Jul-11 Excalibur 138,000 58,032 2.79 Qatar Excelerate Energy Jul-2011 Total Volume 325,104 15.63 06-Aug-11 Bilbao Knutsen 138,000 58,032 2.79 Trinidad Repsol 08-Aug-11 Berge Arzew 138,000 37,232 1.79 Qatar Morgan Stanley 10-Aug-11 Galicia Spirit 138,000 59,904 2.88 Egypt Repsol 19-Aug-11 Madrid Spirit 138,000 59,280 2.85 Trinidad Repsol 25-Aug-11 Excelerate 138,000 58,032 2.79 Qatar Excelerate Energy 29-Aug-11 Excelsior 138,000 58,864 2.83 Qatar Excelerate Energy Aug-2011 Total Volume 331,344 15.93 05-Sep-11 TBN 138,000 59,696 2.87 Trinidad TBN 09-Sep-11 TBN 138,000 59,280 2.85 Trinidad TBN 14-Sep-11 TBN 138,000 59,696 2.87 Nigeria TBN 20-Sep-11 TBN 138,000 59,904 2.88 Qatar TBN 26-Sep-11 TBN 138,000 58,864 2.83 Trinidad TBN Sep-2011 Total Volume 297,440 14.30 56

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U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Escobar, Argentina Arrival Date Vessel Name Volume CBM MT BCF Source Port Participants 10-Jun-11 SCF Arctic 71,500 30,992 1.49 Spain Gas Natural 16-Jun-11 Norman Lady 87,000 25,168 1.21 Spain Gas Natural 22-Jun-11 Methania 126,000 20,800 1.00 Nigeria Morgan Stanley 28-Jun-11 Catalunya Spirit 138,000 20,800 1.00 Trinidad Gas Natural Jun-2011 Total Volume 97,760 4.70 01-Jul-11 Excel 138,000 26,832 1.29 Nigeria Morgan Stanley 08-Jul-11 Norman Lady 87,000 30,992 1.49 Trinidad Gas Natural 10-Jul-11 SCF Arctic 71,500 25,168 1.21 Trinidad Gas Natural 28-Jul-11 Methania 126,000 20,800 1.00 Nigeria Morgan Stanley 30-Jul-11 Excel 138,000 58,032 2.79 Trinidad Morgan Stanley Jul-2011 Total Volume 161,824 7.78 10-Aug-11 Norman Lady 87,000 30,992 1.49 Trinidad Gas Natural 11-Aug-11 Arctic Spirit 89,880 36,400 1.75 Brazil Re-export Morgan Stanley 13-Aug-11 SCF Arctic 71,500 30,160 1.45 Trinidad Gas Natural 16-Aug-11 SCF Polar 87,000 30,368 1.46 Spain Gas Natural 18-Aug-11 Berge Arzew 138,000 20,800 1.00 Qatar Morgan Stanley 26-Aug-11 Excel 138,000 59,280 2.85 Nigeria Morgan Stanley Aug-2011 Total Volume 208,000 10.00 08-Sep-11 SCF Arctic 71,500 30,368 1.46 Trinidad Gas Natural 10-Sep-11 Norman Lady 87,000 35,152 1.69 Trinidad Gas Natural 17-Sep-11 TBN 138,000 58,864 2.83 Trinidad TBN 25-Sep-11 TBN 138,000 59,696 2.87 Nigeria TBN Sep-2011 Total Volume 184,080 8.85 58

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U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Pecem, Brazil Volume Arrival Date Vessel Name Source Port Participants CBM MT BCF 12-Jul-11 LNG Libra 126,450 52,000 2.50 Qatar Petrobras Jul-2011 Total Volume 52,000 2.50 60

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U.S.LNG IMPORTS Some of the data below is unconfirmed and forward schedules are considered incomplete data. Rio de Janeiro, Brazil Volume Arrival Date Vessel Name Source Port Participants CBM MT BCF 01-Jun-11 LNG Capricorn 126,300 52,000 2.50 Qatar Petrobras Jun-2011 Total Volume 52,000 2.50 17-Aug-11 LNG Libra 126,450 54,080 2.60 US Re-export Petrobras Aug-2011 Total Volume 54,080 2.60 01-Sep-11 Express 150,900 64,480 3.10 Qatar Petrobras Sep-2011 Total Volume 64,480 3.10 62

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Total U.S. Monthly Waterborne LNG Import Volumes(Bcf) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 40.36 32.02 40.98 33.03 35.22 27.34 21.74 31.13 14.26 0.00 0.00 0.00 2010 56.35 45.73 36.32 40.18 37.22 32.46 36.31 21.64 28.57 34.05 31.93 28.73 2009 28.65 27.82 31.61 58.96 51.10 54.14 44.02 34.45 33.03 26.98 36.71 35.58 2008 25.53 23.59 20.95 34.76 31.55 32.94 30.97 33.84 32.48 27.26 22.70 30.63 2007 53.25 42.56 86.83 98.54 94.19 88.23 98.51 87.22 41.53 31.86 26.57 20.80 2006 36.50 38.64 33.16 58.69 67.14 61.57 60.48 51.98 41.46 36.16 47.10 51.12 2005 60.28 52.70 46.22 47.43 56.36 56.07 50.48 43.10 51.57 59.47 58.09 51.10 2004 53.81 51.70 48.60 48.59 50.44 62.92 73.78 56.69 55.06 50.51 40.77 63.52 2003 23.11 21.01 31.00 32.68 45.81 46.14 56.74 50.02 50.77 60.79 49.00 41.04 2002 8.04 7.57 10.15 17.21 25.69 25.82 21.40 24.17 16.89 27.42 21.81 20.15 2001 18.21 20.10 23.25 22.01 27.14 26.59 23.91 17.91 21.83 11.73 7.85 13.21 2000 12.81 10.16 14.81 17.11 13.18 14.79 26.62 22.94 20.44 24.63 19.08 18.05 1999 13.01 10.33 13.09 10.13 9.39 11.56 14.12 15.03 16.97 10.98 11.46 12.67 1998 10.15 9.77 5.66 2.54 7.59 7.59 5.08 4.86 5.13 5.02 10.06 12.50 5 Yr Avg. 40.83 34.34 43.34 53.09 49.86 47.02 46.31 41.66 29.97 31.26 33.00 33.37 % of Avg. 99% 93% 95% 62% 71% 58% 47% 75% 48% 109% 97% 86% 64

Total U.S. Monthly Waterborne LNG Import Volumes(Mt) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 839 666 852 687 733 569 452 648 297 0 0 0 2010 1,172 951 755 836 774 675 755 450 594 708 664 598 2009 596 579 657 1,226 1,063 1,126 916 717 687 561 764 740 2008 531 491 436 723 656 685 644 704 676 567 472 637 2007 1,108 885 1,806 2,050 1,959 1,835 2,049 1,814 864 663 553 433 2006 759 804 690 1,221 1,397 1,281 1,258 1,081 862 752 980 1,063 2005 1,254 1,096 961 987 1,172 1,166 1,050 896 1,073 1,237 1,208 1,063 2004 1,119 1,075 1,011 1,011 1,049 1,309 1,535 1,179 1,145 1,051 848 1,321 2003 481 437 645 680 953 960 1,180 1,040 1,056 1,264 1,019 854 2002 167 157 211 358 534 537 445 503 351 570 454 419 2001 379 418 484 458 565 553 497 373 454 244 163 275 2000 266 211 308 356 274 308 554 477 425 512 397 375 1999 271 215 272 211 195 240 294 313 353 228 238 264 1998 211 203 118 53 158 158 106 101 107 104 209 260 5 Yr Avg. 40.83 34.34 43.34 53.09 49.86 47.02 46.31 41.66 29.97 31.26 33.00 33.37 % of Avg. 99% 93% 95% 62% 71% 58% 47% 75% 48% 109% 97% 86% 65

U.S. LNG Imports Avg. Bcf/Day Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 1.30 1.14 1.32 1.10 1.14 0.91 0.70 1.00 0.48 0.00 0.00 0.00 2010 1.82 1.63 1.17 1.34 1.20 1.08 1.17 0.70 0.95 1.10 1.06 0.93 2009 0.92 0.99 1.02 1.97 1.65 1.80 1.42 1.11 1.10 0.87 1.22 1.15 2008 0.82 0.81 0.68 1.16 1.02 1.10 1.00 1.09 1.08 0.88 0.76 0.99 2007 1.72 1.52 2.80 3.28 3.04 2.94 3.18 2.81 1.38 1.03 0.89 0.67 2006 1.18 1.38 1.07 1.96 2.17 2.05 1.95 1.68 1.38 1.17 1.57 1.65 2005 1.94 1.88 1.49 1.58 1.82 1.87 1.63 1.39 1.72 1.92 1.94 1.65 2004 1.74 1.78 1.57 1.62 1.63 2.10 2.38 1.83 1.84 1.63 1.36 2.05 2003 0.75 0.75 1.00 1.09 1.48 1.54 1.83 1.61 1.69 1.96 1.63 1.32 2002 0.26 0.27 0.33 0.57 0.83 0.86 0.69 0.78 0.56 0.88 0.73 0.65 2001 0.59 0.72 0.75 0.73 0.88 0.89 0.77 0.58 0.73 0.38 0.26 0.43 2000 0.41 0.35 0.48 0.57 0.43 0.49 0.86 0.74 0.68 0.79 0.64 0.58 1999 0.42 0.37 0.42 0.34 0.30 0.39 0.46 0.48 0.57 0.35 0.38 0.41 1998 0.33 0.35 0.18 0.08 0.24 0.25 0.16 0.16 0.17 0.16 0.34 0.40 5 Yr Avg. 1.29 1.27 1.35 1.94 1.81 1.80 1.74 1.48 1.18 1.17 1.27 1.22 % of Avg. 101% 90% 98% 57% 63% 51% 40% 68% 40% 94% 84% 76% 1998 thru May 2003 values are derived from EIA data Incomplete data. 66

Week Ending LNG Imports By Terminal (Bcf) Jul 15 2011 Jul 22 2011 Jul 29 2011 Aug 05 2011 07/15/2011-09/30/2011 Aug 19 Aug 26 2011 2011 Aug 12 2011 Sep 02 2011 Sep 09 2011 Sep 16 2011 Sep 23 2011 Sep 30 2011 Cameron, LA 0.00 0.00 0.00 2.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cove Point, MD 0.00 0.00 0.00 0.00 0.00 0.00 2.56 0.00 0.00 0.00 0.00 0.00 Elba Island, GA 0.00 4.42 0.00 2.79 0.00 0.00 4.39 0.00 0.00 2.91 0.00 0.00 Everett, MA 2.50 2.89 5.73 0.00 2.40 2.83 2.78 2.88 2.83 0.00 2.85 2.79 Freeport LNG, TX 0.00 0.00 0.00 0.00 0.00 2.88 0.00 0.00 0.00 0.00 0.00 0.00 Neptune LNG 0.00 0.00 0.00 0.00 0.00 0.00 0.22 0.00 0.00 0.00 0.00 0.00 Sabine Pass, LA 0.00 0.00 0.00 0.00 0.00 4.28 3.10 0.00 0.00 0.00 0.00 0.00 Week Totals 2.50 7.31 5.73 5.69 2.40 9.99 13.05 2.88 2.83 2.91 2.85 2.79 Apr 22 2011 Apr 29 2011 May 06 2011 May 13 2011 04/22/2011-07/08/2011 May 20 May 27 Jun 03 2011 2011 2011 Jun 10 2011 Jun 17 2011 Jun 24 2011 Jul 01 2011 Jul 08 2011 Cameron, LA 0.00 3.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Elba Island, GA 2.92 0.00 8.60 0.00 0.00 0.00 2.92 0.00 0.00 0.00 0.00 3.10 Everett, MA 2.84 2.84 0.00 2.78 2.54 2.81 2.85 2.53 2.89 2.76 2.72 0.00 Freeport LNG, TX 3.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.10 Golden Pass, TX 4.01 0.00 0.00 0.00 9.19 9.30 4.90 0.00 0.00 0.00 0.00 0.00 Gulf LNG Energy 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.82 2.95 0.00 Lake Charles, LA 0.00 2.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Sabine Pass, LA 3.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Week Totals 16.14 8.49 8.60 2.78 11.73 12.11 10.67 2.53 2.89 5.58 5.67 6.20 67

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Total U.S. Monthly Waterborne LNG Import Volumes By Source (Bcf) Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 Jul 11 Aug 11 Sep 11 Egypt 2.95 0.00 0.00 2.97 5.78 5.89 5.89 2.89 5.87 0.00 0.00 0.00 Nigeria 2.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.56 0.00 Norway 5.73 0.00 0.00 2.90 5.81 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Peru 3.23 3.20 6.38 3.17 3.34 3.50 6.63 0.00 0.00 0.00 0.00 0.00 Qatar 4.54 8.75 4.29 12.92 0.00 14.04 4.01 24.20 4.90 4.42 8.67 0.00 Trinidad 15.23 13.65 15.18 15.71 14.24 11.73 10.55 8.13 10.96 11.24 13.92 11.38 Yemen 0.00 6.33 2.88 2.69 2.85 5.82 5.95 0.00 5.61 6.08 5.98 2.88 Month Totals 34.05 31.93 28.73 40.36 32.02 40.98 33.03 35.22 27.34 21.74 31.13 14.26 Total Annual U.S. Waterborne LNG Imports (Bcf) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 233.74 226.32 511.38 653.42 630.38 583.79 770.12 347.96 462.01 433.13 January, 1997 thru May, 2003 values are derived from EIA data Typical Heat Content Chart of LNG Exporting Countries (Btu per Cubic Feet) Exporting Country LNG Heat Content Exporting Country LNG Heat Content USA (Alaska) 1,015 Oman 1,160 Trinidad 1,050 Malaysia 1,133 Nigeria 1,110 Australia 1,125 Algeria (Skikda) 1,121 Brunei 1,133 Algeria (Arzew) 1,090 Indonesia (Arun) 1,107 Libya 1,160 Indonesia (Bontang) 1,107 Qatar 1,090 Abu Dhabi 1,130 Nigeria (*) 1,080 Qatar (*) 1,130 Egypt 1,037 (*) = Second Train, Different Specifications 69

Waterborne Energy, Inc. Methodology The U.S. Waterborne LNG Report tracks the flow of LNG vessels that call on U.S. ports only. The report is a rolling 5 month view of LNG imports. Some of the vessel information contained in this report is unconfirmed. Some forward liftings are based on anticipated vessel rotations and market feedback. Current and forward vessel schedules are considered incomplete data, and are subject to change. Any information contained in this report may be modified at any time. The volumes are listed in cubic meters and billions of cubic feet (bcf). Volumes in (bcf) account for a 2% loss of cargo in transit based on a 5 day voyage. Heat content is based on an average of various port specifications. Historical information prior to June 2003 cited in the summary section of the U.S. Waterborne LNG Report is sourced from the EIA. Import forecasts are formed by a compilation of information from various sources and in-house expertise. Disclaimer Waterborne Energy, Inc. makes no warranties as to the accuracy of information provided in this report, or results obtained from its use. Copyright 2011 Waterborne Energy, Inc. Copyright Reproduction and/or retransmission of any type by any means whatsoever without the prior written consent from the publisher, Waterborne Energy, Inc., is strictly prohibited. Failure to respect copyright could result in loss of U.S. Waterborne LNG Report access. 2323 S. Shepherd Dr. Suite 1010 Houston, Texas 77019 713/526-1555 www.waterbornelng.com 70

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