Atlantic LNG: Global Benchmark by 2013

1. Atlantic LNG: Global Benchmark by 2013

2. World Energy Trends 44% Projected increase in world marketed energy consumption Average annual increase Total World: 2% OECD: 1% Non OECD: 3% South America: 2.8%

3. World Energy Trends Projected demand growth: World S.A. Oil 1.4% 1.8% Gas 2.4% 3.9% Coal 2.4% 2.9% Nuclear 1.0% 0.5% Other 2.4% 3.3%

4. World Energy Trends Biggest increase in usage is expected in Power Generation

5. World Electricity Generation • Fossil fuels forecasted to play important role • Electricity power generation will account for 40% of all energy demand by 2030. • Natural Gas will remain an attractive option for power generation

6. Natural Gas: environmentally friendly

7. Natural Gas: economical option • Natural Gas vs Oil current assumptions • World oil prices to return to previous high levels after 2012 and to remain high through 2030. • World natural gas prices to remain suppressed with the impending glut in LNG market • Long Term: oil at US$70/barrel (or $12/mmbtu equivalent) for 2013-2018 • Long Term: natural gas at $5-$6/mmbtu

8. Actual and forecasted energy prices Source http://www.cmegroup.com/

9. Natural Gas in South America • EIA forecasts that natural gas will be the fastest-growing energy source in Central and South America • Several countries intend to increase use of natural gas for power generation to diversify electricity fuel mixes • Natural gas pipeline infrastructure is in place in the region, but concerns about supply security have prompted development of LNG regasification terminals

10. South America LNG Imports • Argentina: • Commissioning of the Bahia Blanca GasPort LNG facility, South America's first ever LNG receiving facility and the world's second dockside regasification facility, with the initial capacity to import up to three LNG cargoes per month, each of which will contain approximately 3 Bcf of gas. • Brazil: • Two LNG regasification Terminals at Pecem in the northern Brazilian state of Ceara and at Guanabara Bay in Rio de Janeiro • Considering a third LNG terminal by 2013

11. South America LNG Imports • Chile: • Imported first LNG Cargo in September 2009 from Atlantic LNG • 2.5 mtpa terminal in Quintero Bay with the capacity to meet up to 40% of the country's demand for natural gas. • BG is a 40% shareholder in Chile's first LNG import terminal. The terminal is partial operation and expected to be in full operation by third quarter 2010. • Floating storage and onshore regasification: LNG Mejillones (Chile): construction works started in April 2008 is now operational. • Uruguay: • Considering LNG imports, as it looks to wean itself off costly fuel oil for power generation and to diversify its supply base.

12. Natural Gas in Colombia • Energy mix similar to that of Brazil • Currently self-sufficient in natural gas and an exporter of natural gas to Venezuela • Electricity generation uses a combination of coal, natural gas and hydropower. Drought is a challenge. • Energy usage forecasted to increase • LNG can provide a cheap, environmentally friendly means of supplementing Colombia’s growing energy needs and address the drought challenge

13. LNG Regasification • A regasification facility is required for converting LNG back to natural gas for transmission though the pipeline infrastructure. • Options for regasification include: • Onshore regasification terminals • Offshore regasification terminals (2 types) • Fixed • Gravity based structures • Offshore Platforms • Artificial Offshore islands • Floating • FSRU (Floating Storage Regasification Unit) • Floating Regasification Unit (no storage)

14. LNG Regasification • Floating Storage Regasification Units (FSRU) provide an alternative to traditional onshore regasification. Benefits include: • Faster return on capital invested through reduced planning and permitting. • Reduced construction time if option to convert an existing LNG vessel is taken. (E.g. 2 years from FID to delivery for Golar Winter and Golar Spirit vessels). • Can be moved from one demand centre to another to cater for seasonal or intermittent market demand. • Mitigates environmental and safety concerns around onshore regasification facilities.

15. LNG Regasification: FSRU example • Golar Spirit • 129,000 m3 storage • 2.5bcm/year

16. LNG Regasification: FSRU example • Golar Winter • 138,000 m3 storage • 5.1 bcm/year

17. LNG: a good strategic supply option • Stability of Supply • LNG helps diversify supply base and increase reliability. • Past supply challenges: • Jan 2006 – Russian Gazprom cutting off pipeline natural gas supplies to Ukraine • Jan 2008 - Turkmenistan cut gas exports to Iran resulting in Iran cutting exports to Turkey. Subsequently, Gazprom increased natural gas exports to Turkey. • Jan 2009 –A dispute with Ukraine led Russia to curtail gas exports for 3 weeks.

18. Worldwide LNG Capacity

19. LNG Plants coming on stream

20. Planned LNG Projects

21. Planned LNG Projects 39 Countries propose LNG Import Terminals • Only 22 countries currently import LNG • The number of LNG importers may double this decade • Argentina • Bahamas • Bahrain • Bangladesh • Brazil • Canada • Chile • China • Croatia • Cyprus • Dubai • Estonia • France • Germany • India • Indonesia • Ireland • Israel • Italy • Jamaica • Japan • Korea • Kuwait • Malaysia • Mexico • Netherlands • Pakistan • Panama • Phillipines • Poland • Romania • Singapore • South Africa • Sweden • Thailand • United Kingdom • United States • Uruguay

22. Introducing Atlantic LNG Atlantic LNG is the best option for Latin American supply

23. World’s 7th largest LNG production capacity Largest supplier of LNG imported by US Largest single contributor to T&T local exports High contributor to T&T local GDP A mould-breaking project A key contributor to industry inflection point A significant role in Atlantic arbitrage A secure source of LNG to global markets 1800 cargoes to date Who we are

24. Plant Facility located in Point Fortin, South West coast of Trinidad and Tobago Trinidad lies in the Caribbean Sea off the northeast coast of Venezuela. Population: 1.3 million Monetary Unit: TTD Language: English (official) Trinidad and Tobago is a unitary state, with a parliamentary democracy modeled after that of the UK. Resources: Oil, Natural Gas Where we are located Where we are located

25. Each Train, different owners

26. Train Specifications

27. About our product • LNG FACTS: • Natural Gas is converted to LNG cooling it to -160°C • LNG is an odorless, non-toxic and non-corrosive liquid • LNG evaporates quickly and disperses, leaving no residue. • No cleanup required for LNG spills on land or water. • A volume reduction of 600:1 makes LNG one of the most efficient ways to get gas from source to destination. • LNG allows gas consumers access to vast natural gas reserves located over the globe. • LNG transportation is safe as it cannot be ignited

28. Fuel System Inlet Feed Gas Separation from & Metering Pipeline Boil-Off Gas CO 2 Liquefaction LNG Storage Acid Gas Mercury Dehydration and and Removal Removal Loading Refrigeration NGL Recovery From Natural Gas to LNG • Fuel Gas Regeneration Gas FEED PRETREATMENT

29. East Coast Gas Supply Tobago Caribbean Sea Trinidad Port-Of-Spain Gulf of Paria Atlantic Ocean Piarco Airport Block 5A BG/Texaco Pt. Lisas Dolphin San-Fernando Abyssinia Galeota Point Picton Mahogany 36”& 56” 36”& 56” Flamboyant Pt. Fortin 30” Beachfield Cannonball Poui Columbus Channel Immortelle 40” Amherstia Banyan Cassia Sparrow, Parang and Renegade

30. Orchid Iris Poinsettia Chaconia DAB Hibiscus C a r i b b e a n S e a North Coast Gas Supply T obago Port of Spain V enezuela Trinidad 24” Point Lisas Penal Point Fortin (LNG) Venezuela 50 km 0 24” BG natural gas line

31. Where our LNG goes (To be inserted: world map showing our buyers’ destinations) 5 9 4 1 3 2 10 6 7 8 • Lake Charles • Gulf Gateway Energy Bridge • Elba Island • Cove Point • Everett • AES Andres (Dom Rep) & Penuelas (Puerto Rico) • Brazil • Chile • Spain Bilbao, Huelva, Cartagena, Barcelona) • Far East

32. Global Liquefaction Capex ($/tpa) 1000 Greenfield projects Expansion projects 800 600 ALNG 4 ALNG 1 400 ALNG 2/3 200 0 1998 2002 2006 2010 Start up year Source: Poten & Partners, BG

33. Our Corporate Strategy

34. Some Atlantic Facts • Track record for delivery • Safely delivered over 1800 cargoes • Largest supplier of imported LNG to USA. • Close integration of production and shipping to ensure reliable delivery and no delays. • High customer satisfaction. • High plant reliability 95% in 2009 and projected 97% in 2010. • Geography • Close proximity to Columbia translates into low shipping costs and less boil off. • Cargoes from Atlantic already delivered to Brazil, Chile, Argentina

35. Some Atlantic Facts Shipping Data (North Coast of Colombia)

36. Atlantic as a source of supply • 100% of our production is already committed to our Buyers, many of whom have 20 year contracts • However, many of our LNG Buyers are affiliated with our shareholders and as a result, LNG can be sourced through this avenue (as was done in the case of shipments to Chile, Argentina and Brazil).

37. Conclusion • World energy demand forecasted to increase between 2010-2030. • Natural Gas is an economic, environmentally friendly fossil fuel which has an important role supporting growing energy demand. • Natural gas prices expected to remain lower than oil during this period making it an economic alternative. • LNG is a secure source of Natural Gas which can be imported from many global suppliers.

38. Conclusion (contd.) • Colombia’s energy mix already includes natural gas. • Atlantic LNG’s location, reliability and reputation for working with buyers makes it a stable, economical choice as a supplier of LNG to the South American market. • Floating Regasification can offer timely economical means of accessing LNG • We have International shareholders who can be engaged to address your energy needs.

39. Atlantic LNG: Global Benchmark by 2013