Atlantic LNG is a major global LNG producer located in Trinidad and Tobago. It has four liquefaction trains with a total capacity of 15.6 million tonnes per year of LNG. Atlantic LNG supplies LNG to markets around the world and is a significant contributor to Trinidad and Tobago's economy and energy exports. Global LNG demand is projected to significantly increase over the coming decades, positioning Atlantic LNG to play an important role as a secure LNG supplier to international markets.

1. Atlantic LNG:
Global Benchmark by 2013
l b l h kb
Colombia - Mar 22, 2010
Oscar Prieto, CEO, Atlantic LNG

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

3. World Energy Trends
Energy Consumption by Fuel, 1980-2030
(quadrillion Btu)
50
History Projections
Liquids
40
30
Natural Gas
Coal
20
Nuclear
10
Nonhydro renewables
Hydropower
0
1980 1990 2000 2005 2010 2020 2030
Projected demand growth: World S.A.
SA
Oil 1.4% 1.8%
Gas 2.4% 3.9%
Coal 2.4%
2 4% 2.9%
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
Fossil Fuel Emission Levels
- Pounds per Billion Btu of Energy Input
Pollutant Natural Gas Oil Coal
Carbon Dioxide 117,000 164,000 208,000
Carbon Monoxide
C b M id 40 33 208
Nitrogen Oxides 92 448 457
Sulfur Dioxide 1 1,122 2,591
Particulates 7 84 2,744
Mercury 0.000 0.007 0.016
Source: EIA - Natural Gas Issues and Trends 1998

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
2013-2018
– Long Term: natural gas at $5-$6/mmbtu

8. Actual and forecasted energy prices
Energy Prices 2004-2018
18
16
14
12
$/mmbtu
10 Brent
Nymex HH
8
6
4
2
0
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Year
Source http://www.cmegroup.com/

9. Natural Gas in South America
• EIA forecasts that natural gas will be the fastest-
g
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
• N t l gas pipeline infrastructure is in place in the
Natural i li i f t t i i l i th
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
g y

11. South America LNG Imports
• Chile:
– Impo ted first LNG Cargo in September 2009 f om Atlanti
Imported fi st Ca go Septembe 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.
p y g
– 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
• C
Currently self-sufficient i natural gas and an exporter of natural gas
tl lf ffi i t in t l d t f t l
to Venezuela
• Electricity generation uses a combination of coal natural gas and
coal,
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
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drought challenge

13. LNG Regasification
• A regasification facility is required for converting LNG
back to natural gas for transmission though the pipeline
g g pp
infrastructure.
• Options for regasification include:
– Onshore regasification terminals
– Offshore regasification terminals (2 types)
• Fixed
– G it b d structures
Gravity based t t
– 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. B
ifi ti Benefits i l d
fit 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)
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 h l diversify supply base and increase
helps di if l b di
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 i
S b tl G increased natural gas
d t l
exports to Turkey.
• Jan 2009 –A dispute with Ukraine led Russia to
A
curtail gas exports for 3 weeks.

18. Worldwide LNG Capacity
Country
# of Capacity
Country Capacity Project Name
Trains (mt/y)
(mt/y)
UAE 5.8 Adgas LNG 3 5.8
Algeria 20.3 Algeria LNG 21 20.3
Arun & Botang 14 28.8
Indonesia 36.4
Tangguh 2 7.6
T&T 15.4 Atlantic LNG 4 15.4
Brunei
B i Brunei LNG 5 7.2
72
Damietta 1 4.8
Egypt 12
Egyptian LNG 2 7.2
Darwin 1 3
Australia 19.5
NW Shelf LNG
S e G 5 16.5
65
Equatorial
3.7 EG LNG 1 3.7
Guinea
Alaska 1.5 Kenai 2 1.5
Libya 3.2 Marsa El Brega 4 3.2
Malaysia 22.7 MLNG Satu Dua Tiga 8 22.7
Nigeria 21.8 Nigeria LNG 5 21.8
Oman 10.6 Oman LNG 3 10.6
Qatar Gas 5 25.3
25 3
Qatar 53.8
RasGas 6 28.5
Russia 4.8 Sakhalin LNG 1 4.8
Norway 4.2 Snohvit LNG 1 4.2
Yemen 3.4 Yemen LNG 1 3.4

19. LNG Plants coming on stream
# of Capacity
Cou t y
Country Project Name
oject a e Timeframe
e a e
Trains
T i (mt/y)
( t/ )
Angola Angola LNG 1 5.2 2012
Australia Pluto LNG 1 4.3 2011
Australia
A t li Gorgon LNG
G 3 15 2014
Iran Iran (NIOC) LNG 2 10.8 2011
Norway
N Nordic
N di LNG 1 0.3
03 2010
Peru Peru LNG 1 4.4 2010
Qatar Gas &
Q
Qatar 3 23.4 2010
RasGas
R G

20. Planned LNG Projects
# of Capacity
Country Project Name Timeframe
Trains (mt/y)
Indonesia
do es a Abadi
bad 3 8.5
Abadi LNG
Australia Pacific LCSG (LNG)
Bonparte
Fisherman s
Fisherman's Landing
Gladstone-Santos LCSG
Gladstone-Shell LCSG
Australia 23 47.2
Ichthys LNG
Sunrise LNG
Wheatstone LNG
Queensland Curtis LCSG
Scarborough LNG
Browse LNG
Nigeria Brass LNG 11 30.4
Venezuela Delta Caribe 1 4.7
Canada Kitimat LNG
Papua New
Liquid Niugini 3 19.8
Guinea
G
Iran Pars LNG 2 5
Russia Shtokman LNG 2 7.5

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

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

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

24. Where we are located located
Where we are
• 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

25. Each Train, different owners
BP BG Repsol Suez / NGC
YPF GDF
Train 1 34% 26% 20% 10% 10%
Train 42.5% 32.5% 25%
2/3
Train 4 37.78% 28.89% 22.22% 11.11%

26. Train Specifications
Train 1 Train 2/3 Train 4
1st loading
g Apr 30, 1999
p , Aug 12, 2002
g , Dec 15, 2005
,
& Apr 28,
2003
Construction
C t ti 965m
965 1.1b
1 1b 1.2b
1 2b
Cost (USD)
Capacity 3.0 mtpa LNG 3.3 mtpa LNG 5.2 mtpa LNG
& 6000 bpd of & 6000 bpd of & 12,000 bpd
NGLs NGLs each of NGLs

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

28. 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.
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

29. From Natural Gas to LNG
Fuel System
Feed Inlet
Gas Separation
from & Metering Fuel
Pipeline Gas Boil-Off
Regeneration Gas Gas
G
CO2
LNG Storage
Acid Gas
G Mercury
y Liquefaction
Dehydration and
Removal Removal and
Loading
Refrigeration
FEED PRETREATMENT
NGL
Recovery

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

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

32. Where our LNG goes
(To be inserted: world map
showing our buyers’ destinations) 9
5
4
12 3
10
6
7
8
1. Lake Charles
2. Gulf Gateway Energy Bridge
3. Elba Island
4. Cove Point
5. Everett
6. AES Andres (Dom Rep) & Penuelas (Puerto Rico)
7. Brazil
8. Chile
9. Spain Bilbao, Huelva, Cartagena, Barcelona)
10. Far East

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
g
– Close proximity to Colombia translates into low
shipping costs and less boil off.
– Cargoes from Atlantic already delivered to Brazil,
g y ,
Chile, Argentina

35. Some Atlantic Facts
Shipping Data (North Coast of Colombia)
Est. Ship
Distance Transit
Destination Source Cost
(Nautical Miles) (days)
($/MMBtu)
Co o b a
Colombia Trinidad
dad 905 2 $0, 0
$0,10
Colombia Nigeria 5012 11,5 $0,30
Colombia EG 5107 11,8 $0,31
Colombia Egypt 6012 14 $0,36
Colombia Qatar 9079 21 $0,74

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).
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
p pp gg g gy
demand.
• Natural gas prices expected to remain lower than oil during
this period making it an economic alternative.
• LNG i a secure source of Natural Gas which can be
G is f lG hi h b
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.
pp
• Floating Regasification can offer timely economical means
of accessing LNG
• We have International shareholders who can be engaged to
address your energy needs.
dd d

39. Atlantic LNG:
Global Benchmark by 2013
l b l h kb
Colombia - Mar 22, 2010
Oscar Prieto, CEO, Atlantic LNG