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APGA Annual Conference Halifax, Nova Scotia

APGA Annual Conference Halifax, Nova Scotia. FERC Priorities in an Evolving Natural Gas Market Suedeen G. Kelly Commissioner, FERC August 2, 2005. How Much Natural Gas Is Out There?. Total World Gas Reserves as of 1/1/04: 6,079 Trillion Cubic Feet. Source: EIA, Oil and Gas Journal.

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APGA Annual Conference Halifax, Nova Scotia

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  1. APGA Annual ConferenceHalifax, Nova Scotia FERC Priorities in an Evolving Natural Gas Market Suedeen G. Kelly Commissioner, FERC August 2, 2005

  2. How Much Natural GasIs Out There? Total World Gas Reserves as of 1/1/04: 6,079 Trillion Cubic Feet Source: EIA, Oil and Gas Journal

  3. Alan GreenspanChairman of the Board of Governorsof the Federal Reserve System. July 20, 2005 “...the current and prospective expansion of U.S. capability to import liquefied natural gas will help ease longer-term natural gas stringencies and perhaps bring natural gas prices in the United States down to world levels.” June 10, 2003 “...we cannot, on the one hand, encourage the use of environmentally desirable natural gas in this country while being conflicted on larger imports of LNG.”

  4. FERC Economic Oversight – Access to LNG Terminal Liquid to Vapor Flow LNG Buyers A LNG Suppliers B B Open Access At Delivery of Vapor into Interstate Pipeline System A Open Access At Delivery of Liquid to Terminal 4

  5. Existing, Proposed and Potential North American LNG Terminals CONSTRUCTED A. Everettt, MA : 1.035 Bcfd (Tractebel - DOMAC) B. Cove Point, MD : 1.0 Bcfd (Dominion - Cove Point LNG) C. Elba Island, GA : 0.68 Bcfd (El Paso - Southern LNG) D. Lake Charles, LA : 1.0 Bcfd (Southern Union - Trunkline LNG) E. Gulf of Mexico: 0.5 Bcfd (Gulf Gateway Energy Bridge - Excelerate Energy) APPROVED BY FERC 1. Lake Charles, LA: 1.1 Bcfd (Southern Union - Trunkline LNG) 2. Hackberry, LA : 1.5 Bcfd (Sempra Energy) 3. Bahamas : 0.84 Bcfd (AES Ocean Express)* 4. Bahamas : 0.83 Bcfd (Calypso Tractebel)* 5. Freeport, TX : 1.5 Bcfd (Cheniere/Freeport LNG Dev.) 6. Sabine, LA : 2.6 Bcfd(Cheniere LNG) 7. Elba Island, GA: 0.54 Bcfd (El Paso - Southern LNG) 8. Corpus Christi, TX: 2.6 Bcfd (Cheniere LNG) 9. Corpus Christi, TX : 1.0 Bcfd(Vista Del Sol – ExxonMobil) 10. Fall River, MA : 0.8 Bcfd (Weaver's Cove Energy/Hess LNG) 11. Sabine, TX : 1.0 Bcfd (Golden Pass - ExxonMobil) 12. Corpus Christi, TX: 1.0 Bcfd (Ingleside Energy - Occidental Energy Ventures) APPROVED BY MARAD/COAST GUARD 13. Port Pelican: 1.6 Bcfd (Chevron Texaco) 14. Louisiana Offshore : 1.0 Bcfd (Gulf Landing - Shell) PROPOSED TO FERC 15. Long Beach, CA : 0.7 Bcfd (Mitsubishi/ConocoPhillips - Sound Energy Solutions) 16. Logan Township, NJ : 1.2 Bcfd(Crown Landing LNG - BP) 17. Bahamas : 0.5 Bcfd, (Seafarer - El Paso/FPL ) 18. Port Arthur, TX: 1.5 Bcfd (Sempra) 19. Cove Point, MD : 0.8 Bcfd (Dominion) 20. LI Sound, NY: 1.0 Bcfd(Broadwater Energy - TransCanada/Shell) 21. Pascagoula, MS: 1.0 Bcfd (Gulf LNG Energy LLC) 22. Bradwood, OR: 1.0 Bcfd (Northern Star LNG - Northern Star Natural Gas LLC) 23. Pascagoula, MS: 1.3 Bcfd (Casotte Landing - ChevronTexaco) 24. Cameron, LA: 3.3 Bcfd(Creole Trail LNG - Cheniere LNG) 25. Port Lavaca, TX: 1.0 Bcfd (Calhoun LNG - Gulf Coast LNG Partners) 26. Freeport, TX: 2.5 Bcfd (Cheniere/Freeport LNG Dev. - Expansion) PROPOSED TO MARAD/COAST GUARD 27. California Offshore: 1.5 Bcfd (Cabrillo Port - BHP Billiton) 28.So. California Offshore : 0.5 Bcfd (Crystal Energy) 29. Louisiana Offshore : 1.0 Bcfd (Main Pass McMoRan Exp.) 30. Gulf of Mexico: 1.0 Bcfd (Compass Port -ConocoPhillips) 31. Gulf of Mexico: 2.8 Bcfd (Pearl Crossing -ExxonMobil) 32. Gulf of Mexico: 1.5 Bcfd(Beacon Port Clean Energy Terminal - ConocoPhillips) 33. Offshore Boston, MA: 0.4 Bcfd (Neptune LNG - Tractebel) 34. Offshore Boston, MA: 0.8 Bcfd (Northeast Gateway- Excelerate Energy) POTENTIAL SITES IDENTIFIED BY PROJECT SPONSORS 35. Coos Bay, OR: 0.13 Bcfd (Energy Projects Development) 36. Somerset, MA: 0.65 Bcfd (Somerset LNG) 37. California - Offshore: 0.75 Bcfd (Chevron Texaco) 38. Pleasant Point, ME : 0.5 Bcf/d (Quoddy Bay, LLC) 39. St. Helens, OR: 0.7 Bcfd (Port Westward LNG LLC) 40. Galveston, TX: 1.2 Bcfd (Pelican Island - BP) 41. Philadelphia, PA: 0.6 Bcfd (Freedom Energy Center - PGW) 42. Astoria, OR: 1.0 Bcfd(Skipanon LNG - Calpine) 43. Robbinston, ME: 0.5 Bcfd (Downeast LNG - Kestrel Energy/Dean Girdis) CANADIAN APPROVED AND POTENTIAL TERMINALS 44. St. John, NB : 1.0 Bcfd (Canaport - Irving Oil)** 45. Point Tupper, NS 1.0 Bcf/d (Bear Head LNG - Anadarko)** 46. Quebec City, QC : 0.5 Bcfd(Project Rabaska - Enbridge/Gaz Met/Gaz de France) 47. Rivière-du- Loup, QC: 0.5 Bcfd (Cacouna Energy - TransCanada/PetroCanada) 48. Kitimat, BC: 0.61 Bcfd (Galveston LNG) 49. Prince Rupert, BC: 0.30 Bcfd(WestPac Terminals) 50. Goldboro, NS 1.0 Bcfd (Keltic Petrochemicals) MEXICAN APPROVED AND POTENTIAL TERMINALS 51. Altamira, Tamulipas : 0.7 Bcfd (Shell/Total/Mitsui)** 52. Baja California, MX : 1.0 Bcfd (Sempra)** 53.Baja California - Offshore : 1.4 Bcfd (Chevron Texaco)** 54. Lázaro Cárdenas, MX : 0.5 Bcfd(Tractebel/Repsol) 55. Puerto Libertad, MX: 1.3 Bcfd (Sonora Pacific LNG) 56. Offshore Gulf, MX: 1.0 Bcfd (Dorado - Tidelands) 57. Manzanillo, MX: 0.5 Bcfd 58. Topolobampo, MX: 0.5 Bcfd 49 48 47 46 45 50 44 43 38 42 33 22 A 39 34 10 35 36 20 16 41 B 19 27 15 28 C 7 37 52 17 21 53 6 D 2 24 23 3 4 5,26 55 11 1 8 31 30 18 29 9 12 E 32 14 25 58 40 56 13 51 US Jurisdiction FERC US Coast Guard 57 54 * US pipeline approved; LNG terminal pending in Bahamas ** These projects have been approved by the Mexican and Canadian authorities As of July 21, 2005 Office of Energy Projects

  6. Maximum LNGDeliverability Growth + + + +

  7. US Natural Gas Balance

  8. Recent LNG Approval:Ingleside Energy • Continues FERC’s LNG Policy • Siting and Facilities are Optimal • Will Operate Like a Cogeneration Facility

  9. Challenges Presentedby LNG • Gas Quality & Interchangeability • Safety and Security

  10. Challenges PresentedGas Quality andInterchangeability • Definitions • Examples • Current Events • Evolving Standards • Cove Point and Washington Gas

  11. Challenges PresentedSafety and Security • Major challenge in LNG program • Onshore and offshore reviews of LNG proposals • Oversee construction • Monitoring and periodic inspections of LNG facility for its life

  12. Major Pipeline Projects Certificated (MMcf/d)January 2004 to July 2005 Northwest (113) Algonquin (140) ANR (107,143) Rendezvous (300) WIC (116) Mill River (800) CIG (118) Cheyenne Plains (560,170) Transcontinental (105) Questar (102) TransColorado (125, 300) CIG (105) Transwestern (375) CenterPoint(113) El Paso (502) Discovery (150) Golden Pass (2,000) Petal (600) Trunkline (200) Calypso (832) Trunkline(1,500) San Patricio (1,000) Cheniere Sabine (2,600) 17.7 BCF/D Total 975 Miles Ocean Express (842) Cheniere Corpus Christi (2,600) Vista Del Sol (1,100)

  13. Major Pipeline ProjectsPending (MMcf/d)July 2005 Algonquin (800) ANR (168) Entrega (EnCana) (1,500) Dominion (700) Northern Border (Chicago III) (130) WIC (350) Logan Lateral (Texas Eastern) (900) Columbia (172) Midwestern (120) Cypress Pipeline (Southern Natural) (500) Golden Pass (2,000) Cameron (1,500) McMoRan (1,500) Dominion Southern (200) Compass Pass (1,000) Seafarer Pipeline (El Paso) (800) Point Comfort (1,000) 16.6 BCF/D Total 1,277 Miles Pearl Crossing (2,000) Cheniere Creole Trail (3,300)

  14. Major Pipeline Projects On The Horizon (MMcf/d)July 2005 Alaska (4,000) Trailblazer (100) Panhandle Eastern (500) Vector Expansion (500) Coronado (500) Phoenix Lateral (Transwestern) (500) Piceance to Cheyenne (KM Interstate) (500) Advantage Southern (KM Interstate) (330) Silver Canyon Project (KM Interstate) (750) KM West Texas (KM Interstate) (300) Wheatland Expansion (KM Interstate) (80) Western Frontier (So. Star)(540) Kern River California Expansion (200) Kern River Expansion (500) Questar Expansion (160,100) Maritimes Phase IV (1,563) Northwinds Pipeline (NFG) (500) Freedom Trail (Tennessee) (150) Dracut Interconnect (Tennessee) (250) Brookhaven Lateral (Iroquois)(50) Potomac Expansion (Transco)(150) Trunkline (400) KM LNG (1,000) Carthage Pipeline(KM Interstate)(700) CenterPoint (500) Natural (232) 15.6 BCF/D Total 6,195 Miles

  15. Storage Projects(Capacity in Bcf)July 2005 SemGas (5.5) Bluewater (27.0) Dominion (9.4) Unocal Windy Hill (6.0) Texas Gas (8.2) Saltville (5.8) Columbia (12.4) Natural (10.0) Port Barre (10.5) County Line (6.0) CenterPoint (15.0) Freebird (6.1) Copper Eagle (3.2) Sabine (40.0) Caledonia (11.7) EnCana (8.0) Falcon MoBay (20.0) Falcon Worsham-Steed (20.0) Falcon Hill-Lake (10.4) Starks (19.2) Certificated Since 1/1/04 Liberty (17.0) Currently Pending Petal (5.0) On The Horizon Pine Prairie (24.0)

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