Alexandroupolis LNG

October, 2015

Located in the crossroads of the European energy corridors

Alexandroupolis LNG

Project components

The project comprises 3 distinct components:

3. The two sections of the natural gas pipeline transmission system, i.e.:

• The subsea section: 24 km and the onshore section: 4 km

connecting the offshore terminal to the Greek National Gas Grid (NNGS)

1. The floating LNG Storage and Regasification unit:

• An LNG vessel with mounted regasification functionality (SRV)

2. The permanent offshore structures, including:

• The Mooring system

• The Flex Risers and the Pipeline End Manifold (PLEM), transmitting gas from the floating unit to the subsea pipelines

A Pipeline system comprising a Subsea and an Onshore sectionconnects the floating unit to the NNGTS

SRV

10 km

Alexandroupolis

National NG Transmission

System (ESFA) NNGTS (ESFA)

Subsea pipeline 24 km / D = 30”

New M/R - DESFA

LNG RV

Onshore pipeline4 km / D = 30’’

Technical features

• LNG storage capacity: 170,000 m3

• LNG receiving rate: up to 10,000 m3/h

• Max. sustainable send-out (re-gas) capacity 700,000 Nm3/h (≈ 630 mmscfd) i.e. > 6.1 bcm/yr

• Re-gas system: Hybrid (2 Closed Loop, 2 Open Loop) - 4 x 400 m3/h of LNG

• Sea depth at mooring position: ≈ 40 m

• Adjustable gas send-out pressure to fit receiving system requirements (e.g. NNGS ≈ 50 barg, TAP ≈ 90 barg)

• Pipeline system sizing (diameter): 30’’

Greece

Alexandroupolis

BulgariaTurkey

Komotini

Stara Zagora

to Italy

to G

reek m

arket

to Romania & Eastern European markets

Serbia and Central

European markets

LNG supply

A new energy Gateway to Europe

Kipi

24”

36”

30”

48”

LNG RV

Greek National Gas Transmission System (ESFA)

Gas Interconnector Greece – Bulgaria (IGB)

Gas Interconnector Greece – Turkey (ITG)

TAP / TANAP

Country networks and Regional Interconnectors – SEE and Balkans gas ring

Kula - Sidirokastro

Best placed to offer an Alternative Supply and Route Solution to Bulgaria and onwards to Romania, Serbia and the wider region all the way to Ukraine

Alexandroupolis LNG

• Security & Diversification of Supply

• New Pricing

• Enhancing trading optionality

Careful consideration of Safety, Social & Environmental aspects

Offshore wind parks - Planned

Ship waiting area

NNGS pipeline

Φ2

Φ8

Φ4

Φ3

Φ10

Offshore wind parks - Planned

Touristic zones

Protected Zones

Evros River Delta Gr 1110006

Military Areas

National waters (6 ΝΜ)

Φ1

SEVESO – Worst Case

Scenario

LNG-RV

3,9 km

Evros district South Forest (Gr1110009)

• Minimum environmental footprint

• In cooperation with local and national authorities

• Fully supported by local community

• Offers employment opportunities in the area

• All safety conditions met

Offering direct access to the regional gas markets, creating new investment and marketing opportunities

• Located and sized to capture material Growth potential in the region (anticipated demand growth between 2015-2024 at 20 bcm)

• Feeding into the Greek NG transmission system and to the Greek market

• Potential to supply the large and fast growing Turkish market via the existing ITG

• Can be the earliest available alternative supply infrastructure in the region, ahead of any other planned project

Strategically located to access the Regional markets and infrastructure projects

• Offering a new gas supply route to Bulgaria and onwards to Serbia, Romania & further to Hungary / Ukraine via the Interconnector Greece – Bulgaria (IGB) and the other planned regional interconnection projects

• Ability to link and provide an additional gas source into TAP, support the South Corridor and access the West Balkan markets

• Access to a variety of major new international supply sources including the US and East Med

Project reaching maturity - Licensing completed

• Production license (INGS – Independent Natural Gas System license):

Received from the Ministry of Environment, Energy and Climate Change, following positive opinion of the Greek Energy Regulator (RAE) (Aug.2011)

• Access rights to shore, seabed and sea area (required for subsea / offshore works):

Granted by the Ministry of National Economy (Sept.2014)

Project start up: 1Q2018

• SEVESO II study:

Submitted to the Ministry of Environment, Energy & Climate Change (May.2012) Acceptance from all relevant authorities granted for the 1st phase of development

• Environmental & Social Impact Assessment (E.S.I.A.) study:

Approved by the Minister of Environment, Energy & Climate Change (27.03.2013)

• Installation Act and Installation license

Installation Act and Installation license issued by the Ministry of Environment, Energy & Climate Change (30.12.2014 & 20.01.2015 respectively)

ALEXANDROUPOLIS LNG INGS

Project Licensing completion rate: > 80% (Cont’d)Favourable conditions and prospects for the financing of the project

• Project received PCI status from E.C. (EC 347/2013, EC 1391/2013) for the period 2013-2015 and is again in the final list to maintain PCI status for 2015-2017

• Eligible for Grants of up to 50% through Connecting Europe Facility (CEF) – Grant already APPROVED for FEED (November, 2014) – (€ 1.75 mil.)

• Eligible for favorable financing tools and terms from E.I.B. (E.F.S.I.) / E.B.R.D.• Project eligible for subsidies and tax exemption in line with Greek Investment law • Project candidate to be included in the 2014-2020 Corporate Agreement for the

Development Framework (C.A.D.F. – E.S.P.A.) • Export financing schemes available from equipment suppliers

• Long standing relationships with local and international financial institutions