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Industry Focus Whitepaper: HHP Industries and Canadian Gas Companies

Intro

In Canada, shale gas is a huge opportunity for o-road. This industry is well in the throes of natural gas usage with many pioneering projects successfully up and running, such as Ensign and Noble Energy. Western Canada has made good progress in terms of infrastructure for the supply of natural gas and is well on the path to natural gas fuel success. Major investors and players in the industry are now turning their attention towards the other o-road areas such as marine, mining and o grid, as there is the same potential for early successes here.

From a marine perspective, LNG oers significant air quality benefits, producing 80% lower NOx and particulate matter, and a 90% decrease in SOx emissions. This all adheres to 2015 Canadian regulations, which will require marine engines to cut their sulphur emissions by 90% - a more than achievable goal when using natural gas fuel. BC Ferries have already committed to 2 new builds with LNG capabilities a sure sign that the LNG for marine market is now at a tipping point. Over the past few years the natural gas buzz for Canada has mainly centred on the Western areas. However, big investment is now happening in the East as it opens up its frontiers to the shale gas solution.

All companies who have contributed to this whitepaper will be gathering at the Natural Gas for O Road Canada Summit (May 13th-14th, Montreal). For 2015, we have turned our focus to the potential for natural gas fuels in the marine, mining and o-grid markets, and have relocated to Montreal to mirror our new focus. In addition, we will be co-locating with the major CIM event. This is the only event of its kind to specifically target these markets locally in Canada, and will provide a high level meeting place for all those involved in the natural gas fuelling industry for high horse power (HHP) applications in Canada. For more information, please visit http://events.fc-gi.com/oroadcanada/

Contributors:

With more than $6 billion in assets, Gaz Mtro is a leading energy provider. It is the largest natural gas distribution company in Quebec, where its network of over 10,000 km of underground pipelines serves 300 municipalities and more than 195,000

customers. Gaz Mtro is also present in Vermont, producing electricity and distributing electricity and natural gas to meet the needs of more than 305,000 customers. Gaz Mtro is actively involved in the development of innovative, promising energy projects such as the production of wind power, the use of natural gas as a transportation fuel and the development of biomethane.

LNGaz Inc. is developing a medium-scale natural gas liquefaction and distribution facility in Bcancour, Qubec. The proposed facility will include an initial 500,000 metric tonne train with a

second train of the same size in the future. The facilitys LNG production will primarily serve domestic o-grid industrial companies in Eastern and Northern Canada as well as marine and land based transportation. Stolt LNGazs vision is to provide LNG to everyone, everywhere. Stolt LNGaz Inc. is a member of the Stolt-Nielsen Group.

ENN Canada is a wholly owned subsidiary of ENN Energy Holdings Ltd., a global leader in alternative energy solutions and one of the largest natural gas distributors in China. Currently ENN Energy owns and operates over 500 natural gas fueling stations

globally and has extensive experience in o-road applications. ENN Canada is dedicated to providing its customers with a full range of natural gas oerings including LNG supply, LNG station construction and operation, as well as customized o-road solutions for the mining, marine, oil & gas and industrial markets. More information can be found at www.enncanada.com

GP Strategies Alternative Fuels Division is a recognized leader in the design, fabrication, construction, and maintenance of Liquefied Natural Gas (LNG), Liquefied to Compressed Natural Gas (LCNG) and Hydrogen (H2) fueling facilities. Furthermore, GP

Strategies Alternative Fuels Division also provides customized LNG infrastructure solutions for heavy duty applications. Our comprehensive services reflect the best practices, proven processes and lessons learned of a seasoned provider with years of experience in the industry. For more information visit: http://altfuels.gpstrategies.com or email: energyservices@gpstrategies.com

Chester LNG, LLC is an independent global provider of innovative, scalable, small-quantity LNG production technology and delivery systems that strategically target the

needs of customers worldwide. Designed with energy utilization and optimization in mind, Chester LNG is able to maintain low capital, operational, and maintenance costs for their customers, while still keeping with well-known and tested thermodynamic principles utilized for decades in the industry. For more information visit www.chesterlng.com.

Fleet Energy America, innovative, turnkey CNG/LNG production, transport and fueling solutions, featuring the Galileo family of equipment. The CryoBox is modular, scalable, transportable, producing 7,000 gallons of LNG per day. Installation is quick.

Permitting is easy. Ideal for marine, mining, flare-gas, land-fill gas, trucking and other small-scale LNG production. Add additional CryoBoxes as your needs increase or move your CryoBox close to the market where needed.

1. What have you seen in terms of growth for natural gas fuel in Canada in the past year?

Gaz MtroWithout question, the North American trend towards switching to natural gas as a fuel has reached Canada and Qubec. In Qubec especially, we have taken major strides during the past year in the mining and marine industries. In the marine industry, the Socit des traversiers du Qubec will take possession of its first three LNG-fuelled ferries during 2015. The first of these to arrive in Qubec, the F.-A. Gauthier, will be the very first LNG ferry in North America. In another significant move, Groupe Desgagns has ordered its first two liquefied natural gas ships, which are due to come into service in 2016. This is a first in the marine freight transportation industry in Qubec, following closely on Socit des traversiers du Qubecs initiative in passenger transportation.Another first in which we have been involved came in the mining industry, when Stornoway Diamonds chose LNG for its energy needs in the new Renard Mine project. In parallel, a number of industrial concerns located outside the reach of our gas network are currently looking at the possibilities of using LNG as an energy source. The potential is huge.

Stolt LNGWe have been focusing exclusively on o-grid opportunities in Qubec and Eastern Canada, which currently has limited use of natural gas. However, some advancements that come to mind are those made by Robert Transport and Socit des traversiers du Qubec (STQ).

Chester LNGThe growth is still moving ahead in Canada mainly in several sectors, but as always supply has to satisfy demand. We see the need for small, geographically located LNG production facilities that can produce high quality LNG fuel for Canadian industries. With our MMS system, we produce demand-generated LNG and provide customized storage and dispensing solutions to satisfy the customers needs.

ENNOn the high horsepower ( HHP) side, weve noticed that certain Canadian companies are starting to take interest and are beginning research into how natural gas could benefit their operations but there have been no concrete investment decisions.

GP StrategiesWell there are lots of discussions going on involving mining, marine, rail and o-grid power generation. All these projects require regulations from various agencies and progress is being made in both marine and rail. The other component necessary to make these projects a reality is liquefaction plants and these are in the planning phase. We do know that several peak shaver LNG plants added trailer loading facilities due to customer demand this past year.

2. Western Canada is already quite developed with its extensive pipelines do you think that the East will develop its infrastructure to accommodate natural gas as fuel looking forward?

Gaz MtroAt present the business model for LNG distribution is mainly by tanker truck from the liquefaction plant. This mode of transportation provides unparalleled flexibility in terms of volumes, costs, distances and delivery lead times. Marine transportation of LNG is also an eective solution whenever the volumes to be moved and the distance to be covered justify the investment. The solution is especially advantageous for industries located close to deep-water port infrastructures.In the long term, the possibilities for storage in port facilities and/or on the direct consumers premises must also be considered in order to allow the customer greater autonomy.

Stolt LNGLNG will be a key in eastern Canada whether a pipeline is extended for marine based plants or whether is brought in by barge to an LNG terminal it will happen. The advantage in eastern Canada is that most of the projects in occur near the water. And that is where the larger consumers reside.

Chester LNGAnywhere there is gas and it is feasibly obtainable, you will eventually have a pipeline and/or some other form of transporting (and distribution) the Natural Gas. The Natural Gas transformation is here to stay and the deployment of natural gas production and distribution systems will be facilitated by the acceptance from Canadian industry and its citizens.

ENNFor o-grid applications we think that opportunities exist in both eastern and western Canada. Although western Canada has more pipelines, the remote areas of northern BC, Yukon, North West Territories, and northern Ontario lack access to pipeline infrastructure. For residents and companies with operations in those regions, LNG provides the solution as it can be transported to site easily and eciently.

GP StrategiesLNG will be a key in eastern Canada whether a pipeline is extended for marine based plants or whether is brought in by barge to an LNG terminal it will happen. The advantage in eastern Canada is that most of the projects in occur near the water. And that is where the larger consumers reside.

3. Are there any HHP industries in particular which you think are set to become big adopters of natural gas?

Gaz MtroMarine transportation and the o-network industrial/mining industry are particular industries are to watch for. In light of the new international and North American sulfur oxide and nitrogen emission standards in eect in Canadian waters, Canadian ship owners must consider long-term solutions to comply with the new regulations. For the time being, natural gas is not only the single alternative to fuel oil and marine diesel, but it also represents significant fuel cost savings. The exceptional geographical location of the St. Lawrence River as the gateway to the Great Lakes, there is a tremendous potential for LNG in both passenger and freight transportation.To date, a very large portion of our Qubec territory has no access to provincial power networks, whether gas or electric. For that reason, the only solution for all self-sustaining remote communities and major industries and mines located on the North Shore and in Northern Qubec is to use petroleum products to meet their energy needs. Therefore, natural gas represents a high-performance, cleaner alternative that is both ecient and cost-eective.

Stolt LNGI believe rail, marine, mining and remote power generation application will all partially adapt to natural gas. Regulations, access to natural gas, technology for end users development and infrastructure will all factor into the adaption rate and not to mention the price of oil.

Chester LNGThe HHP industries that are in the forefront of converting to Natural Gas as a fuel source are the Marine, Rail, Mining, and Power Generation Sectors. We are frequently fielding inquiries from these industries. Customers have decided to go to Natural Gas as a fuel and they frequently ask us about natural gas supply, LNG production, conversions, and transport.

ENNWe believe that natural gas is an ideal fuel for those customers that are o-grid, and are large consumers of fuel. For example, industries such as mining, marine and oil & gas exploration would make ideal adopters.

GP StrategiesI believe rail, marine, mining and remote power generation application will all partially adapt to natural gas. Regulations, access to natural gas, technology for end users development and infrastructure will all factor into the adaption rate and not to mention the price of oil.

Fleet EnergyWe believe remote power generation fueled by LNG is set to become the biggest adopters of natural gas.

4. How has the fall in oil prices aected your business short term? What do you foresee long term?

Gaz MtroSome potential clients prefer to remain observers for yet some time before switching to natural gas. However, a large number of our clients have chosen to pursue their development eorts by taking advantage of the competitions hesitation and enhancing their competitive edge. Projects launched prior to the drop in oil prices have continued to be developed, regardless of oil price fluctuations. In the current context of a major fall in oil prices, natural gas remains the most cost-ecient energy. Natural gas is an advantage that will continue to increase the day when crude oil prices inevitably rise again. In addition, one of the most significant advantages of natural gas is price stability over time. This advantage makes it easier to plan and foresee natural gas needs in the long run: an invaluable financial asset, particularly in project start-ups.

Stolt LNG Fleet owners not matter whether they are rail, marine, mining trucks do not like uncertainty. And with the current state of oil pricing there is much uncertainty in the marketplace. I tend to believe that the price of oil will rebound in the next 18 months and everything will be back on track. We are one geopolitical event away from $80 to $100 bbl oil.

Chester LNGIt has made some customers step back from the decision process but others who have made the commitment to move to natural gas fuel are steadfastly moving forward. Even if the decision for some customer is to wait and see they are still keeping up with Natural Gas technology so when the time is right to move to Natural Gas they will be well-informed on the current market activities and technology.

ENNActually, the fall in oil prices aects the whole industry because the real driving force behind a company transitioning to natural gas is based on the price spread between natural gas and oil we are noticing a lot of consumers are becoming hesitant because they cant see the savings. In the long run, we still believe its a promising industry - the price of oil will start to climb in the next several months and the price of natural gas will continue to stay stable. Innovation in shale gas extraction has led to natural gas supply that is higher than domestic demand in Canada and the United States, causing a favorable pricing structure for natural gas. With the abundant resources in North America, we believe that natural gas prices will remain stable for the foreseeable future.

GP StrategiesFleet owners not matter whether they are rail, marine, mining trucks do not like uncertainty. And with the current state of oil pricing there is much uncertainty in the marketplace. I tend to believe that the price of oil will rebound in the next 18 months and everything will be back on track. We are one geopolitical event away from $80 to $100 bbl oil.

Fleet EnergyWe believe depressed oil prices have given many operators a good reason to put o decisions about making the move to natural gas. The fundamentals point to a sustained level of depressed oil prices until world economies begin to grow and demand radically increases. However, this is unlikely to happen for at least a year. We believe much of the growth in natural gas HHP fuelling will be driven by emissions regulations.

5. From the feedback you have received from your customers so far, what have been their major challenges with trying to integrate natural gas fuel?

Gaz MtroDeveloping a whole new market that involves supply sites, maintenance and service, etc. is never an easy matter. The chicken-and-egg dilemma is central to the issue: Should supply infrastructure be set up to open a market or should the infrastructure be deployed only when the market has reached maturity? Weve anticipate the demand in road transportation fuel by implementing refuelling stations at strategic locations and fostering the involvement of private players in the deployment of fuel supply infrastructure.

Industrial, mining and marine clients share a similar concern on the LNG supply chain. Our role is to encourage development and propose a flexible business model to suit clients needs. In many cases, infrastructure and equipment conversion costs can be high. Our role to advise and support the decision-making process is all the more significant. Instead of using smoke and mirrors, it is vital to communicate in a transparent manner, state facts, propose win-win solutions and, ultimately, provide expert, reliable advice to maintain our credibility with leaders so they can make informed decisions.

Stolt LNGChallenges include regulation approval for both rail and marine applications, locomotive and tender car models tested and available and fueling infrastructure development and installation. It seems all these things are in process and it will take time to develop.

Chester LNGThe major challenges so far have been the conversion costs of the power units and the lack of infrastructure to produce and dispense the natural gas fuel. Every day, as this industry moves forward, the technology is improving, causing costs to come down and the dispensing network is growing to satisfy demand.

ENNAs with any new technology adoption, there are bound to be challenges. Our customers have expressed concerns over stable LNG supply, a high capitalexpenditure for converting their equipment, and slimmer savings given todays oil price.

GP StrategiesRegulation approval for both rail and marine applications, locomotive and tender car models tested and available and fueling infrastructure development and installation. It seems all these things are in process and it will take time to develop.

Fleet EnergyMajor challenges encountered so far include the availability of success story data, the price spread from diesel to natural gas, engine technology and making the numbers work.

6. What if anything is your company doing to promote the use of natural gas fuels from Canadas heavy industries?

Gaz MtroGaz Mtro has done a great deal of pioneering work in Qubec in the last five years, and were the first in the country in 2011 to implement the Blue Road, a network of liquefied natural gas refuelling stations for vehicles on the busiest transportation corridors in Eastern Canada: Autoroute 20 in Qubec and Highway 401 in Ontario.

We should also highlight the importance of political support and any form of tax assistance likely to make a significant dierence in the economic calculations that underpin decision-making processes. We fully assume our role as a public utility and represent the interests of our clients on all the forums and with the dierent levels of government authority, so as to raise awareness about and promote natural gas and its advantages while maintaining government programs and contributing to the creation of new schemes. To support the market as it changes to natural gas, we have increased our presence in the field and are maintaining dialogues with clients, stakeholders, and industry- and sector-based associations in the various lines of business targeted.

Stolt LNGWe have completed 2 trailer loading facilities in the past year to make LNG available to the end users. And designed and constructed a system whereby we are vaporizing LNG to generate electricity to supplement the power grid. This will be important to serve remote areas of Canada not served by a gas pipeline.

Chester LNGWe are working with customers to produce LNG (or LCNG in some cases) from either pipeline gas or from stranded gas locations where there is no pipeline infrastructure in place. We also work with customers to turn their flares into marketable LNG. What was once going up in flames can now be a marketable source of energy. We believe that our MMS LNG system will dramatically change the entire production and marketing of Natural Gas (LNG) in Canada. Our units allow for greater production as greater demand is generated.

ENNENN Canada is undertaking several initiatives to help promote the use of natural gas fuels. First, we have invested in LNG infrastructure, both for use in transportation (trucking) and o-road applications we currently have 3 LNG stations operating in BC and Ontario and are in the process of constructing two more (one in Ontario and one in Alberta). Second, we have announced plans to construct a liquefaction facility in Western Canada with Ferus NGF to help solve the issue of LNG supply. Third, we are an active member of the Canadian Natural Gas Vehicle Alliance, belong to several industry associations, and work with all levels of government. Finally, we go to market though our direct sales force and use conferences like the Natural Gas for O Road Canada Conference in Montreal as a good opportunity to speak about

advancing the use of natural gas as a fuel for o-road applications in Canada. GP Strategies

We have completed 2 trailer loading facilities in the past year to make LNG available to the end users. And designed and constructed a system whereby we are vaporizing LNG to generate electricity to supplement the power grid. This will be important to serve remote areas of Canada not served by a gas pipeline.

Fleet EnergyFleet Energy have already committed to 3 Canadian shows and conferences in 2015. They are currently promoting the Galileo CryoBox for small scale liquefaction, and are launching ConvertCanada (see www.ConvertAmerica.net) a movement to promote the use of North American natural gas.

Intro

In Canada, shale gas is a huge opportunity for o-road. This industry is well in the throes of natural gas usage with many pioneering projects successfully up and running, such as Ensign and Noble Energy. Western Canada has made good progress in terms of infrastructure for the supply of natural gas and is well on the path to natural gas fuel success. Major investors and players in the industry are now turning their attention towards the other o-road areas such as marine, mining and o grid, as there is the same potential for early successes here.

From a marine perspective, LNG oers significant air quality benefits, producing 80% lower NOx and particulate matter, and a 90% decrease in SOx emissions. This all adheres to 2015 Canadian regulations, which will require marine engines to cut their sulphur emissions by 90% - a more than achievable goal when using natural gas fuel. BC Ferries have already committed to 2 new builds with LNG capabilities a sure sign that the LNG for marine market is now at a tipping point. Over the past few years the natural gas buzz for Canada has mainly centred on the Western areas. However, big investment is now happening in the East as it opens up its frontiers to the shale gas solution.

All companies who have contributed to this whitepaper will be gathering at the Natural Gas for O Road Canada Summit (May 13th-14th, Montreal). For 2015, we have turned our focus to the potential for natural gas fuels in the marine, mining and o-grid markets, and have relocated to Montreal to mirror our new focus. In addition, we will be co-locating with the major CIM event. This is the only event of its kind to specifically target these markets locally in Canada, and will provide a high level meeting place for all those involved in the natural gas fuelling industry for high horse power (HHP) applications in Canada. For more information, please visit http://events.fc-gi.com/oroadcanada/

Contributors:

With more than $6 billion in assets, Gaz Mtro is a leading energy provider. It is the largest natural gas distribution company in Quebec, where its network of over 10,000 km of underground pipelines serves 300 municipalities and more than 195,000

customers. Gaz Mtro is also present in Vermont, producing electricity and distributing electricity and natural gas to meet the needs of more than 305,000 customers. Gaz Mtro is actively involved in the development of innovative, promising energy projects such as the production of wind power, the use of natural gas as a transportation fuel and the development of biomethane.

LNGaz Inc. is developing a medium-scale natural gas liquefaction and distribution facility in Bcancour, Qubec. The proposed facility will include an initial 500,000 metric tonne train with a

second train of the same size in the future. The facilitys LNG production will primarily serve domestic o-grid industrial companies in Eastern and Northern Canada as well as marine and land based transportation. Stolt LNGazs vision is to provide LNG to everyone, everywhere. Stolt LNGaz Inc. is a member of the Stolt-Nielsen Group.

ENN Canada is a wholly owned subsidiary of ENN Energy Holdings Ltd., a global leader in alternative energy solutions and one of the largest natural gas distributors in China. Currently ENN Energy owns and operates over 500 natural gas fueling stations

globally and has extensive experience in o-road applications. ENN Canada is dedicated to providing its customers with a full range of natural gas oerings including LNG supply, LNG station construction and operation, as well as customized o-road solutions for the mining, marine, oil & gas and industrial markets. More information can be found at www.enncanada.com

GP Strategies Alternative Fuels Division is a recognized leader in the design, fabrication, construction, and maintenance of Liquefied Natural Gas (LNG), Liquefied to Compressed Natural Gas (LCNG) and Hydrogen (H2) fueling facilities. Furthermore, GP

Strategies Alternative Fuels Division also provides customized LNG infrastructure solutions for heavy duty applications. Our comprehensive services reflect the best practices, proven processes and lessons learned of a seasoned provider with years of experience in the industry. For more information visit: http://altfuels.gpstrategies.com or email: energyservices@gpstrategies.com

Chester LNG, LLC is an independent global provider of innovative, scalable, small-quantity LNG production technology and delivery systems that strategically target the

needs of customers worldwide. Designed with energy utilization and optimization in mind, Chester LNG is able to maintain low capital, operational, and maintenance costs for their customers, while still keeping with well-known and tested thermodynamic principles utilized for decades in the industry. For more information visit www.chesterlng.com.

Fleet Energy America, innovative, turnkey CNG/LNG production, transport and fueling solutions, featuring the Galileo family of equipment. The CryoBox is modular, scalable, transportable, producing 7,000 gallons of LNG per day. Installation is quick.

Permitting is easy. Ideal for marine, mining, flare-gas, land-fill gas, trucking and other small-scale LNG production. Add additional CryoBoxes as your needs increase or move your CryoBox close to the market where needed.

1. What have you seen in terms of growth for natural gas fuel in Canada in the past year?

Gaz MtroWithout question, the North American trend towards switching to natural gas as a fuel has reached Canada and Qubec. In Qubec especially, we have taken major strides during the past year in the mining and marine industries. In the marine industry, the Socit des traversiers du Qubec will take possession of its first three LNG-fuelled ferries during 2015. The first of these to arrive in Qubec, the F.-A. Gauthier, will be the very first LNG ferry in North America. In another significant move, Groupe Desgagns has ordered its first two liquefied natural gas ships, which are due to come into service in 2016. This is a first in the marine freight transportation industry in Qubec, following closely on Socit des traversiers du Qubecs initiative in passenger transportation.Another first in which we have been involved came in the mining industry, when Stornoway Diamonds chose LNG for its energy needs in the new Renard Mine project. In parallel, a number of industrial concerns located outside the reach of our gas network are currently looking at the possibilities of using LNG as an energy source. The potential is huge.

Stolt LNGWe have been focusing exclusively on o-grid opportunities in Qubec and Eastern Canada, which currently has limited use of natural gas. However, some advancements that come to mind are those made by Robert Transport and Socit des traversiers du Qubec (STQ).

Chester LNGThe growth is still moving ahead in Canada mainly in several sectors, but as always supply has to satisfy demand. We see the need for small, geographically located LNG production facilities that can produce high quality LNG fuel for Canadian industries. With our MMS system, we produce demand-generated LNG and provide customized storage and dispensing solutions to satisfy the customers needs.

ENNOn the high horsepower ( HHP) side, weve noticed that certain Canadian companies are starting to take interest and are beginning research into how natural gas could benefit their operations but there have been no concrete investment decisions.

GP StrategiesWell there are lots of discussions going on involving mining, marine, rail and o-grid power generation. All these projects require regulations from various agencies and progress is being made in both marine and rail. The other component necessary to make these projects a reality is liquefaction plants and these are in the planning phase. We do know that several peak shaver LNG plants added trailer loading facilities due to customer demand this past year.

2. Western Canada is already quite developed with its extensive pipelines do you think that the East will develop its infrastructure to accommodate natural gas as fuel looking forward?

Gaz MtroAt present the business model for LNG distribution is mainly by tanker truck from the liquefaction plant. This mode of transportation provides unparalleled flexibility in terms of volumes, costs, distances and delivery lead times. Marine transportation of LNG is also an eective solution whenever the volumes to be moved and the distance to be covered justify the investment. The solution is especially advantageous for industries located close to deep-water port infrastructures.In the long term, the possibilities for storage in port facilities and/or on the direct consumers premises must also be considered in order to allow the customer greater autonomy.

Stolt LNGLNG will be a key in eastern Canada whether a pipeline is extended for marine based plants or whether is brought in by barge to an LNG terminal it will happen. The advantage in eastern Canada is that most of the projects in occur near the water. And that is where the larger consumers reside.

Chester LNGAnywhere there is gas and it is feasibly obtainable, you will eventually have a pipeline and/or some other form of transporting (and distribution) the Natural Gas. The Natural Gas transformation is here to stay and the deployment of natural gas production and distribution systems will be facilitated by the acceptance from Canadian industry and its citizens.

ENNFor o-grid applications we think that opportunities exist in both eastern and western Canada. Although western Canada has more pipelines, the remote areas of northern BC, Yukon, North West Territories, and northern Ontario lack access to pipeline infrastructure. For residents and companies with operations in those regions, LNG provides the solution as it can be transported to site easily and eciently.

GP StrategiesLNG will be a key in eastern Canada whether a pipeline is extended for marine based plants or whether is brought in by barge to an LNG terminal it will happen. The advantage in eastern Canada is that most of the projects in occur near the water. And that is where the larger consumers reside.

3. Are there any HHP industries in particular which you think are set to become big adopters of natural gas?

Gaz MtroMarine transportation and the o-network industrial/mining industry are particular industries are to watch for. In light of the new international and North American sulfur oxide and nitrogen emission standards in eect in Canadian waters, Canadian ship owners must consider long-term solutions to comply with the new regulations. For the time being, natural gas is not only the single alternative to fuel oil and marine diesel, but it also represents significant fuel cost savings. The exceptional geographical location of the St. Lawrence River as the gateway to the Great Lakes, there is a tremendous potential for LNG in both passenger and freight transportation.To date, a very large portion of our Qubec territory has no access to provincial power networks, whether gas or electric. For that reason, the only solution for all self-sustaining remote communities and major industries and mines located on the North Shore and in Northern Qubec is to use petroleum products to meet their energy needs. Therefore, natural gas represents a high-performance, cleaner alternative that is both ecient and cost-eective.

Stolt LNGI believe rail, marine, mining and remote power generation application will all partially adapt to natural gas. Regulations, access to natural gas, technology for end users development and infrastructure will all factor into the adaption rate and not to mention the price of oil.

Chester LNGThe HHP industries that are in the forefront of converting to Natural Gas as a fuel source are the Marine, Rail, Mining, and Power Generation Sectors. We are frequently fielding inquiries from these industries. Customers have decided to go to Natural Gas as a fuel and they frequently ask us about natural gas supply, LNG production, conversions, and transport.

ENNWe believe that natural gas is an ideal fuel for those customers that are o-grid, and are large consumers of fuel. For example, industries such as mining, marine and oil & gas exploration would make ideal adopters.

GP StrategiesI believe rail, marine, mining and remote power generation application will all partially adapt to natural gas. Regulations, access to natural gas, technology for end users development and infrastructure will all factor into the adaption rate and not to mention the price of oil.

Fleet EnergyWe believe remote power generation fueled by LNG is set to become the biggest adopters of natural gas.

4. How has the fall in oil prices aected your business short term? What do you foresee long term?

Gaz MtroSome potential clients prefer to remain observers for yet some time before switching to natural gas. However, a large number of our clients have chosen to pursue their development eorts by taking advantage of the competitions hesitation and enhancing their competitive edge. Projects launched prior to the drop in oil prices have continued to be developed, regardless of oil price fluctuations. In the current context of a major fall in oil prices, natural gas remains the most cost-ecient energy. Natural gas is an advantage that will continue to increase the day when crude oil prices inevitably rise again. In addition, one of the most significant advantages of natural gas is price stability over time. This advantage makes it easier to plan and foresee natural gas needs in the long run: an invaluable financial asset, particularly in project start-ups.

Stolt LNG Fleet owners not matter whether they are rail, marine, mining trucks do not like uncertainty. And with the current state of oil pricing there is much uncertainty in the marketplace. I tend to believe that the price of oil will rebound in the next 18 months and everything will be back on track. We are one geopolitical event away from $80 to $100 bbl oil.

Chester LNGIt has made some customers step back from the decision process but others who have made the commitment to move to natural gas fuel are steadfastly moving forward. Even if the decision for some customer is to wait and see they are still keeping up with Natural Gas technology so when the time is right to move to Natural Gas they will be well-informed on the current market activities and technology.

ENNActually, the fall in oil prices aects the whole industry because the real driving force behind a company transitioning to natural gas is based on the price spread between natural gas and oil we are noticing a lot of consumers are becoming hesitant because they cant see the savings. In the long run, we still believe its a promising industry - the price of oil will start to climb in the next several months and the price of natural gas will continue to stay stable. Innovation in shale gas extraction has led to natural gas supply that is higher than domestic demand in Canada and the United States, causing a favorable pricing structure for natural gas. With the abundant resources in North America, we believe that natural gas prices will remain stable for the foreseeable future.

GP StrategiesFleet owners not matter whether they are rail, marine, mining trucks do not like uncertainty. And with the current state of oil pricing there is much uncertainty in the marketplace. I tend to believe that the price of oil will rebound in the next 18 months and everything will be back on track. We are one geopolitical event away from $80 to $100 bbl oil.

Fleet EnergyWe believe depressed oil prices have given many operators a good reason to put o decisions about making the move to natural gas. The fundamentals point to a sustained level of depressed oil prices until world economies begin to grow and demand radically increases. However, this is unlikely to happen for at least a year. We believe much of the growth in natural gas HHP fuelling will be driven by emissions regulations.

5. From the feedback you have received from your customers so far, what have been their major challenges with trying to integrate natural gas fuel?

Gaz MtroDeveloping a whole new market that involves supply sites, maintenance and service, etc. is never an easy matter. The chicken-and-egg dilemma is central to the issue: Should supply infrastructure be set up to open a market or should the infrastructure be deployed only when the market has reached maturity? Weve anticipate the demand in road transportation fuel by implementing refuelling stations at strategic locations and fostering the involvement of private players in the deployment of fuel supply infrastructure.

Industrial, mining and marine clients share a similar concern on the LNG supply chain. Our role is to encourage development and propose a flexible business model to suit clients needs. In many cases, infrastructure and equipment conversion costs can be high. Our role to advise and support the decision-making process is all the more significant. Instead of using smoke and mirrors, it is vital to communicate in a transparent manner, state facts, propose win-win solutions and, ultimately, provide expert, reliable advice to maintain our credibility with leaders so they can make informed decisions.

Stolt LNGChallenges include regulation approval for both rail and marine applications, locomotive and tender car models tested and available and fueling infrastructure development and installation. It seems all these things are in process and it will take time to develop.

Chester LNGThe major challenges so far have been the conversion costs of the power units and the lack of infrastructure to produce and dispense the natural gas fuel. Every day, as this industry moves forward, the technology is improving, causing costs to come down and the dispensing network is growing to satisfy demand.

ENNAs with any new technology adoption, there are bound to be challenges. Our customers have expressed concerns over stable LNG supply, a high capitalexpenditure for converting their equipment, and slimmer savings given todays oil price.

GP StrategiesRegulation approval for both rail and marine applications, locomotive and tender car models tested and available and fueling infrastructure development and installation. It seems all these things are in process and it will take time to develop.

Fleet EnergyMajor challenges encountered so far include the availability of success story data, the price spread from diesel to natural gas, engine technology and making the numbers work.

6. What if anything is your company doing to promote the use of natural gas fuels from Canadas heavy industries?

Gaz MtroGaz Mtro has done a great deal of pioneering work in Qubec in the last five years, and were the first in the country in 2011 to implement the Blue Road, a network of liquefied natural gas refuelling stations for vehicles on the busiest transportation corridors in Eastern Canada: Autoroute 20 in Qubec and Highway 401 in Ontario.

We should also highlight the importance of political support and any form of tax assistance likely to make a significant dierence in the economic calculations that underpin decision-making processes. We fully assume our role as a public utility and represent the interests of our clients on all the forums and with the dierent levels of government authority, so as to raise awareness about and promote natural gas and its advantages while maintaining government programs and contributing to the creation of new schemes. To support the market as it changes to natural gas, we have increased our presence in the field and are maintaining dialogues with clients, stakeholders, and industry- and sector-based associations in the various lines of business targeted.

Stolt LNGWe have completed 2 trailer loading facilities in the past year to make LNG available to the end users. And designed and constructed a system whereby we are vaporizing LNG to generate electricity to supplement the power grid. This will be important to serve remote areas of Canada not served by a gas pipeline.

Chester LNGWe are working with customers to produce LNG (or LCNG in some cases) from either pipeline gas or from stranded gas locations where there is no pipeline infrastructure in place. We also work with customers to turn their flares into marketable LNG. What was once going up in flames can now be a marketable source of energy. We believe that our MMS LNG system will dramatically change the entire production and marketing of Natural Gas (LNG) in Canada. Our units allow for greater production as greater demand is generated.

ENNENN Canada is undertaking several initiatives to help promote the use of natural gas fuels. First, we have invested in LNG infrastructure, both for use in transportation (trucking) and o-road applications we currently have 3 LNG stations operating in BC and Ontario and are in the process of constructing two more (one in Ontario and one in Alberta). Second, we have announced plans to construct a liquefaction facility in Western Canada with Ferus NGF to help solve the issue of LNG supply. Third, we are an active member of the Canadian Natural Gas Vehicle Alliance, belong to several industry associations, and work with all levels of government. Finally, we go to market though our direct sales force and use conferences like the Natural Gas for O Road Canada Conference in Montreal as a good opportunity to speak about

advancing the use of natural gas as a fuel for o-road applications in Canada. GP Strategies

We have completed 2 trailer loading facilities in the past year to make LNG available to the end users. And designed and constructed a system whereby we are vaporizing LNG to generate electricity to supplement the power grid. This will be important to serve remote areas of Canada not served by a gas pipeline.

Fleet EnergyFleet Energy have already committed to 3 Canadian shows and conferences in 2015. They are currently promoting the Galileo CryoBox for small scale liquefaction, and are launching ConvertCanada (see www.ConvertAmerica.net) a movement to promote the use of North American natural gas.

Industry Focus Whitepaper: HHP Industries and Canadian Gas Companies

NATURAL GAS FOR OFF ROAD APPLICATIONS CANADA SUMMIT

May 13-14, 2015 | Montreal, Quebec

http://events.fc-gi.com/oroadcanada

Intro

In Canada, shale gas is a huge opportunity for o-road. This industry is well in the throes of natural gas usage with many pioneering projects successfully up and running, such as Ensign and Noble Energy. Western Canada has made good progress in terms of infrastructure for the supply of natural gas and is well on the path to natural gas fuel success. Major investors and players in the industry are now turning their attention towards the other o-road areas such as marine, mining and o grid, as there is the same potential for early successes here.

From a marine perspective, LNG oers significant air quality benefits, producing 80% lower NOx and particulate matter, and a 90% decrease in SOx emissions. This all adheres to 2015 Canadian regulations, which will require marine engines to cut their sulphur emissions by 90% - a more than achievable goal when using natural gas fuel. BC Ferries have already committed to 2 new builds with LNG capabilities a sure sign that the LNG for marine market is now at a tipping point. Over the past few years the natural gas buzz for Canada has mainly centred on the Western areas. However, big investment is now happening in the East as it opens up its frontiers to the shale gas solution.

All companies who have contributed to this whitepaper will be gathering at the Natural Gas for O Road Canada Summit (May 13th-14th, Montreal). For 2015, we have turned our focus to the potential for natural gas fuels in the marine, mining and o-grid markets, and have relocated to Montreal to mirror our new focus. In addition, we will be co-locating with the major CIM event. This is the only event of its kind to specifically target these markets locally in Canada, and will provide a high level meeting place for all those involved in the natural gas fuelling industry for high horse power (HHP) applications in Canada. For more information, please visit http://events.fc-gi.com/oroadcanada/

Contributors:

With more than $6 billion in assets, Gaz Mtro is a leading energy provider. It is the largest natural gas distribution company in Quebec, where its network of over 10,000 km of underground pipelines serves 300 municipalities and more than 195,000

customers. Gaz Mtro is also present in Vermont, producing electricity and distributing electricity and natural gas to meet the needs of more than 305,000 customers. Gaz Mtro is actively involved in the development of innovative, promising energy projects such as the production of wind power, the use of natural gas as a transportation fuel and the development of biomethane.

LNGaz Inc. is developing a medium-scale natural gas liquefaction and distribution facility in Bcancour, Qubec. The proposed facility will include an initial 500,000 metric tonne train with a

second train of the same size in the future. The facilitys LNG production will primarily serve domestic o-grid industrial companies in Eastern and Northern Canada as well as marine and land based transportation. Stolt LNGazs vision is to provide LNG to everyone, everywhere. Stolt LNGaz Inc. is a member of the Stolt-Nielsen Group.

ENN Canada is a wholly owned subsidiary of ENN Energy Holdings Ltd., a global leader in alternative energy solutions and one of the largest natural gas distributors in China. Currently ENN Energy owns and operates over 500 natural gas fueling stations

globally and has extensive experience in o-road applications. ENN Canada is dedicated to providing its customers with a full range of natural gas oerings including LNG supply, LNG station construction and operation, as well as customized o-road solutions for the mining, marine, oil & gas and industrial markets. More information can be found at www.enncanada.com

GP Strategies Alternative Fuels Division is a recognized leader in the design, fabrication, construction, and maintenance of Liquefied Natural Gas (LNG), Liquefied to Compressed Natural Gas (LCNG) and Hydrogen (H2) fueling facilities. Furthermore, GP

Strategies Alternative Fuels Division also provides customized LNG infrastructure solutions for heavy duty applications. Our comprehensive services reflect the best practices, proven processes and lessons learned of a seasoned provider with years of experience in the industry. For more information visit: http://altfuels.gpstrategies.com or email: energyservices@gpstrategies.com

Chester LNG, LLC is an independent global provider of innovative, scalable, small-quantity LNG production technology and delivery systems that strategically target the

needs of customers worldwide. Designed with energy utilization and optimization in mind, Chester LNG is able to maintain low capital, operational, and maintenance costs for their customers, while still keeping with well-known and tested thermodynamic principles utilized for decades in the industry. For more information visit www.chesterlng.com.

Fleet Energy America, innovative, turnkey CNG/LNG production, transport and fueling solutions, featuring the Galileo family of equipment. The CryoBox is modular, scalable, transportable, producing 7,000 gallons of LNG per day. Installation is quick.

Permitting is easy. Ideal for marine, mining, flare-gas, land-fill gas, trucking and other small-scale LNG production. Add additional CryoBoxes as your needs increase or move your CryoBox close to the market where needed.

1. What have you seen in terms of growth for natural gas fuel in Canada in the past year?

Gaz MtroWithout question, the North American trend towards switching to natural gas as a fuel has reached Canada and Qubec. In Qubec especially, we have taken major strides during the past year in the mining and marine industries. In the marine industry, the Socit des traversiers du Qubec will take possession of its first three LNG-fuelled ferries during 2015. The first of these to arrive in Qubec, the F.-A. Gauthier, will be the very first LNG ferry in North America. In another significant move, Groupe Desgagns has ordered its first two liquefied natural gas ships, which are due to come into service in 2016. This is a first in the marine freight transportation industry in Qubec, following closely on Socit des traversiers du Qubecs initiative in passenger transportation.Another first in which we have been involved came in the mining industry, when Stornoway Diamonds chose LNG for its energy needs in the new Renard Mine project. In parallel, a number of industrial concerns located outside the reach of our gas network are currently looking at the possibilities of using LNG as an energy source. The potential is huge.

Stolt LNGWe have been focusing exclusively on o-grid opportunities in Qubec and Eastern Canada, which currently has limited use of natural gas. However, some advancements that come to mind are those made by Robert Transport and Socit des traversiers du Qubec (STQ).

Chester LNGThe growth is still moving ahead in Canada mainly in several sectors, but as always supply has to satisfy demand. We see the need for small, geographically located LNG production facilities that can produce high quality LNG fuel for Canadian industries. With our MMS system, we produce demand-generated LNG and provide customized storage and dispensing solutions to satisfy the customers needs.

ENNOn the high horsepower ( HHP) side, weve noticed that certain Canadian companies are starting to take interest and are beginning research into how natural gas could benefit their operations but there have been no concrete investment decisions.

GP StrategiesWell there are lots of discussions going on involving mining, marine, rail and o-grid power generation. All these projects require regulations from various agencies and progress is being made in both marine and rail. The other component necessary to make these projects a reality is liquefaction plants and these are in the planning phase. We do know that several peak shaver LNG plants added trailer loading facilities due to customer demand this past year.

2. Western Canada is already quite developed with its extensive pipelines do you think that the East will develop its infrastructure to accommodate natural gas as fuel looking forward?

Gaz MtroAt present the business model for LNG distribution is mainly by tanker truck from the liquefaction plant. This mode of transportation provides unparalleled flexibility in terms of volumes, costs, distances and delivery lead times. Marine transportation of LNG is also an eective solution whenever the volumes to be moved and the distance to be covered justify the investment. The solution is especially advantageous for industries located close to deep-water port infrastructures.In the long term, the possibilities for storage in port facilities and/or on the direct consumers premises must also be considered in order to allow the customer greater autonomy.

Stolt LNGLNG will be a key in eastern Canada whether a pipeline is extended for marine based plants or whether is brought in by barge to an LNG terminal it will happen. The advantage in eastern Canada is that most of the projects in occur near the water. And that is where the larger consumers reside.

Chester LNGAnywhere there is gas and it is feasibly obtainable, you will eventually have a pipeline and/or some other form of transporting (and distribution) the Natural Gas. The Natural Gas transformation is here to stay and the deployment of natural gas production and distribution systems will be facilitated by the acceptance from Canadian industry and its citizens.

ENNFor o-grid applications we think that opportunities exist in both eastern and western Canada. Although western Canada has more pipelines, the remote areas of northern BC, Yukon, North West Territories, and northern Ontario lack access to pipeline infrastructure. For residents and companies with operations in those regions, LNG provides the solution as it can be transported to site easily and eciently.

GP StrategiesLNG will be a key in eastern Canada whether a pipeline is extended for marine based plants or whether is brought in by barge to an LNG terminal it will happen. The advantage in eastern Canada is that most of the projects in occur near the water. And that is where the larger consumers reside.

3. Are there any HHP industries in particular which you think are set to become big adopters of natural gas?

Gaz MtroMarine transportation and the o-network industrial/mining industry are particular industries are to watch for. In light of the new international and North American sulfur oxide and nitrogen emission standards in eect in Canadian waters, Canadian ship owners must consider long-term solutions to comply with the new regulations. For the time being, natural gas is not only the single alternative to fuel oil and marine diesel, but it also represents significant fuel cost savings. The exceptional geographical location of the St. Lawrence River as the gateway to the Great Lakes, there is a tremendous potential for LNG in both passenger and freight transportation.To date, a very large portion of our Qubec territory has no access to provincial power networks, whether gas or electric. For that reason, the only solution for all self-sustaining remote communities and major industries and mines located on the North Shore and in Northern Qubec is to use petroleum products to meet their energy needs. Therefore, natural gas represents a high-performance, cleaner alternative that is both ecient and cost-eective.

Stolt LNGI believe rail, marine, mining and remote power generation application will all partially adapt to natural gas. Regulations, access to natural gas, technology for end users development and infrastructure will all factor into the adaption rate and not to mention the price of oil.

Chester LNGThe HHP industries that are in the forefront of converting to Natural Gas as a fuel source are the Marine, Rail, Mining, and Power Generation Sectors. We are frequently fielding inquiries from these industries. Customers have decided to go to Natural Gas as a fuel and they frequently ask us about natural gas supply, LNG production, conversions, and transport.

ENNWe believe that natural gas is an ideal fuel for those customers that are o-grid, and are large consumers of fuel. For example, industries such as mining, marine and oil & gas exploration would make ideal adopters.

GP StrategiesI believe rail, marine, mining and remote power generation application will all partially adapt to natural gas. Regulations, access to natural gas, technology for end users development and infrastructure will all factor into the adaption rate and not to mention the price of oil.

Fleet EnergyWe believe remote power generation fueled by LNG is set to become the biggest adopters of natural gas.

4. How has the fall in oil prices aected your business short term? What do you foresee long term?

Gaz MtroSome potential clients prefer to remain observers for yet some time before switching to natural gas. However, a large number of our clients have chosen to pursue their development eorts by taking advantage of the competitions hesitation and enhancing their competitive edge. Projects launched prior to the drop in oil prices have continued to be developed, regardless of oil price fluctuations. In the current context of a major fall in oil prices, natural gas remains the most cost-ecient energy. Natural gas is an advantage that will continue to increase the day when crude oil prices inevitably rise again. In addition, one of the most significant advantages of natural gas is price stability over time. This advantage makes it easier to plan and foresee natural gas needs in the long run: an invaluable financial asset, particularly in project start-ups.

Stolt LNG Fleet owners not matter whether they are rail, marine, mining trucks do not like uncertainty. And with the current state of oil pricing there is much uncertainty in the marketplace. I tend to believe that the price of oil will rebound in the next 18 months and everything will be back on track. We are one geopolitical event away from $80 to $100 bbl oil.

Chester LNGIt has made some customers step back from the decision process but others who have made the commitment to move to natural gas fuel are steadfastly moving forward. Even if the decision for some customer is to wait and see they are still keeping up with Natural Gas technology so when the time is right to move to Natural Gas they will be well-informed on the current market activities and technology.

ENNActually, the fall in oil prices aects the whole industry because the real driving force behind a company transitioning to natural gas is based on the price spread between natural gas and oil we are noticing a lot of consumers are becoming hesitant because they cant see the savings. In the long run, we still believe its a promising industry - the price of oil will start to climb in the next several months and the price of natural gas will continue to stay stable. Innovation in shale gas extraction has led to natural gas supply that is higher than domestic demand in Canada and the United States, causing a favorable pricing structure for natural gas. With the abundant resources in North America, we believe that natural gas prices will remain stable for the foreseeable future.

GP StrategiesFleet owners not matter whether they are rail, marine, mining trucks do not like uncertainty. And with the current state of oil pricing there is much uncertainty in the marketplace. I tend to believe that the price of oil will rebound in the next 18 months and everything will be back on track. We are one geopolitical event away from $80 to $100 bbl oil.

Fleet EnergyWe believe depressed oil prices have given many operators a good reason to put o decisions about making the move to natural gas. The fundamentals point to a sustained level of depressed oil prices until world economies begin to grow and demand radically increases. However, this is unlikely to happen for at least a year. We believe much of the growth in natural gas HHP fuelling will be driven by emissions regulations.

5. From the feedback you have received from your customers so far, what have been their major challenges with trying to integrate natural gas fuel?

Gaz MtroDeveloping a whole new market that involves supply sites, maintenance and service, etc. is never an easy matter. The chicken-and-egg dilemma is central to the issue: Should supply infrastructure be set up to open a market or should the infrastructure be deployed only when the market has reached maturity? Weve anticipate the demand in road transportation fuel by implementing refuelling stations at strategic locations and fostering the involvement of private players in the deployment of fuel supply infrastructure.

Industrial, mining and marine clients share a similar concern on the LNG supply chain. Our role is to encourage development and propose a flexible business model to suit clients needs. In many cases, infrastructure and equipment conversion costs can be high. Our role to advise and support the decision-making process is all the more significant. Instead of using smoke and mirrors, it is vital to communicate in a transparent manner, state facts, propose win-win solutions and, ultimately, provide expert, reliable advice to maintain our credibility with leaders so they can make informed decisions.

Stolt LNGChallenges include regulation approval for both rail and marine applications, locomotive and tender car models tested and available and fueling infrastructure development and installation. It seems all these things are in process and it will take time to develop.

Chester LNGThe major challenges so far have been the conversion costs of the power units and the lack of infrastructure to produce and dispense the natural gas fuel. Every day, as this industry moves forward, the technology is improving, causing costs to come down and the dispensing network is growing to satisfy demand.

ENNAs with any new technology adoption, there are bound to be challenges. Our customers have expressed concerns over stable LNG supply, a high capitalexpenditure for converting their equipment, and slimmer savings given todays oil price.

GP StrategiesRegulation approval for both rail and marine applications, locomotive and tender car models tested and available and fueling infrastructure development and installation. It seems all these things are in process and it will take time to develop.

Fleet EnergyMajor challenges encountered so far include the availability of success story data, the price spread from diesel to natural gas, engine technology and making the numbers work.

6. What if anything is your company doing to promote the use of natural gas fuels from Canadas heavy industries?

Gaz MtroGaz Mtro has done a great deal of pioneering work in Qubec in the last five years, and were the first in the country in 2011 to implement the Blue Road, a network of liquefied natural gas refuelling stations for vehicles on the busiest transportation corridors in Eastern Canada: Autoroute 20 in Qubec and Highway 401 in Ontario.

We should also highlight the importance of political support and any form of tax assistance likely to make a significant dierence in the economic calculations that underpin decision-making processes. We fully assume our role as a public utility and represent the interests of our clients on all the forums and with the dierent levels of government authority, so as to raise awareness about and promote natural gas and its advantages while maintaining government programs and contributing to the creation of new schemes. To support the market as it changes to natural gas, we have increased our presence in the field and are maintaining dialogues with clients, stakeholders, and industry- and sector-based associations in the various lines of business targeted.

Stolt LNGWe have completed 2 trailer loading facilities in the past year to make LNG available to the end users. And designed and constructed a system whereby we are vaporizing LNG to generate electricity to supplement the power grid. This will be important to serve remote areas of Canada not served by a gas pipeline.

Chester LNGWe are working with customers to produce LNG (or LCNG in some cases) from either pipeline gas or from stranded gas locations where there is no pipeline infrastructure in place. We also work with customers to turn their flares into marketable LNG. What was once going up in flames can now be a marketable source of energy. We believe that our MMS LNG system will dramatically change the entire production and marketing of Natural Gas (LNG) in Canada. Our units allow for greater production as greater demand is generated.

ENNENN Canada is undertaking several initiatives to help promote the use of natural gas fuels. First, we have invested in LNG infrastructure, both for use in transportation (trucking) and o-road applications we currently have 3 LNG stations operating in BC and Ontario and are in the process of constructing two more (one in Ontario and one in Alberta). Second, we have announced plans to construct a liquefaction facility in Western Canada with Ferus NGF to help solve the issue of LNG supply. Third, we are an active member of the Canadian Natural Gas Vehicle Alliance, belong to several industry associations, and work with all levels of government. Finally, we go to market though our direct sales force and use conferences like the Natural Gas for O Road Canada Conference in Montreal as a good opportunity to speak about

advancing the use of natural gas as a fuel for o-road applications in Canada. GP Strategies

We have completed 2 trailer loading facilities in the past year to make LNG available to the end users. And designed and constructed a system whereby we are vaporizing LNG to generate electricity to supplement the power grid. This will be important to serve remote areas of Canada not served by a gas pipeline.

Fleet EnergyFleet Energy have already committed to 3 Canadian shows and conferences in 2015. They are currently promoting the Galileo CryoBox for small scale liquefaction, and are launching ConvertCanada (see www.ConvertAmerica.net) a movement to promote the use of North American natural gas.

Industry Focus Whitepaper: HHP Industries and Canadian Gas Companies

NATURAL GAS FOR OFF ROAD APPLICATIONS CANADA SUMMIT

May 13-14, 2015 | Montreal, Quebec

http://events.fc-gi.com/oroadcanada

Intro

In Canada, shale gas is a huge opportunity for o-road. This industry is well in the throes of natural gas usage with many pioneering projects successfully up and running, such as Ensign and Noble Energy. Western Canada has made good progress in terms of infrastructure for the supply of natural gas and is well on the path to natural gas fuel success. Major investors and players in the industry are now turning their attention towards the other o-road areas such as marine, mining and o grid, as there is the same potential for early successes here.

From a marine perspective, LNG oers significant air quality benefits, producing 80% lower NOx and particulate matter, and a 90% decrease in SOx emissions. This all adheres to 2015 Canadian regulations, which will require marine engines to cut their sulphur emissions by 90% - a more than achievable goal when using natural gas fuel. BC Ferries have already committed to 2 new builds with LNG capabilities a sure sign that the LNG for marine market is now at a tipping point. Over the past few years the natural gas buzz for Canada has mainly centred on the Western areas. However, big investment is now happening in the East as it opens up its frontiers to the shale gas solution.

All companies who have contributed to this whitepaper will be gathering at the Natural Gas for O Road Canada Summit (May 13th-14th, Montreal). For 2015, we have turned our focus to the potential for natural gas fuels in the marine, mining and o-grid markets, and have relocated to Montreal to mirror our new focus. In addition, we will be co-locating with the major CIM event. This is the only event of its kind to specifically target these markets locally in Canada, and will provide a high level meeting place for all those involved in the natural gas fuelling industry for high horse power (HHP) applications in Canada. For more information, please visit http://events.fc-gi.com/oroadcanada/

Contributors:

With more than $6 billion in assets, Gaz Mtro is a leading energy provider. It is the largest natural gas distribution company in Quebec, where its network of over 10,000 km of underground pipelines serves 300 municipalities and more than 195,000

customers. Gaz Mtro is also present in Vermont, producing electricity and distributing electricity and natural gas to meet the needs of more than 305,000 customers. Gaz Mtro is actively involved in the development of innovative, promising energy projects such as the production of wind power, the use of natural gas as a transportation fuel and the development of biomethane.

LNGaz Inc. is developing a medium-scale natural gas liquefaction and distribution facility in Bcancour, Qubec. The proposed facility will include an initial 500,000 metric tonne train with a

second train of the same size in the future. The facilitys LNG production will primarily serve domestic o-grid industrial companies in Eastern and Northern Canada as well as marine and land based transportation. Stolt LNGazs vision is to provide LNG to everyone, everywhere. Stolt LNGaz Inc. is a member of the Stolt-Nielsen Group.

ENN Canada is a wholly owned subsidiary of ENN Energy Holdings Ltd., a global leader in alternative energy solutions and one of the largest natural gas distributors in China. Currently ENN Energy owns and operates over 500 natural gas fueling stations

globally and has extensive experience in o-road applications. ENN Canada is dedicated to providing its customers with a full range of natural gas oerings including LNG supply, LNG station construction and operation, as well as customized o-road solutions for the mining, marine, oil & gas and industrial markets. More information can be found at www.enncanada.com

GP Strategies Alternative Fuels Division is a recognized leader in the design, fabrication, construction, and maintenance of Liquefied Natural Gas (LNG), Liquefied to Compressed Natural Gas (LCNG) and Hydrogen (H2) fueling facilities. Furthermore, GP

Strategies Alternative Fuels Division also provides customized LNG infrastructure solutions for heavy duty applications. Our comprehensive services reflect the best practices, proven processes and lessons learned of a seasoned provider with years of experience in the industry. For more information visit: http://altfuels.gpstrategies.com or email: energyservices@gpstrategies.com

Chester LNG, LLC is an independent global provider of innovative, scalable, small-quantity LNG production technology and delivery systems that strategically target the

needs of customers worldwide. Designed with energy utilization and optimization in mind, Chester LNG is able to maintain low capital, operational, and maintenance costs for their customers, while still keeping with well-known and tested thermodynamic principles utilized for decades in the industry. For more information visit www.chesterlng.com.

Fleet Energy America, innovative, turnkey CNG/LNG production, transport and fueling solutions, featuring the Galileo family of equipment. The CryoBox is modular, scalable, transportable, producing 7,000 gallons of LNG per day. Installation is quick.

Permitting is easy. Ideal for marine, mining, flare-gas, land-fill gas, trucking and other small-scale LNG production. Add additional CryoBoxes as your needs increase or move your CryoBox close to the market where needed.

1. What have you seen in terms of growth for natural gas fuel in Canada in the past year?

Gaz MtroWithout question, the North American trend towards switching to natural gas as a fuel has reached Canada and Qubec. In Qubec especially, we have taken major strides during the past year in the mining and marine industries. In the marine industry, the Socit des traversiers du Qubec will take possession of its first three LNG-fuelled ferries during 2015. The first of these to arrive in Qubec, the F.-A. Gauthier, will be the very first LNG ferry in North America. In another significant move, Groupe Desgagns has ordered its first two liquefied natural gas ships, which are due to come into service in 2016. This is a first in the marine freight transportation industry in Qubec, following closely on Socit des traversiers du Qubecs initiative in passenger transportation.Another first in which we have been involved came in the mining industry, when Stornoway Diamonds chose LNG for its energy needs in the new Renard Mine project. In parallel, a number of industrial concerns located outside the reach of our gas network are currently looking at the possibilities of using LNG as an energy source. The potential is huge.

Stolt LNGWe have been focusing exclusively on o-grid opportunities in Qubec and Eastern Canada, which currently has limited use of natural gas. However, some advancements that come to mind are those made by Robert Transport and Socit des traversiers du Qubec (STQ).

Chester LNGThe growth is still moving ahead in Canada mainly in several sectors, but as always supply has to satisfy demand. We see the need for small, geographically located LNG production facilities that can produce high quality LNG fuel for Canadian industries. With our MMS system, we produce demand-generated LNG and provide customized storage and dispensing solutions to satisfy the customers needs.

ENNOn the high horsepower ( HHP) side, weve noticed that certain Canadian companies are starting to take interest and are beginning research into how natural gas could benefit their operations but there have been no concrete investment decisions.

GP StrategiesWell there are lots of discussions going on involving mining, marine, rail and o-grid power generation. All these projects require regulations from various agencies and progress is being made in both marine and rail. The other component necessary to make these projects a reality is liquefaction plants and these are in the planning phase. We do know that several peak shaver LNG plants added trailer loading facilities due to customer demand this past year.

2. Western Canada is already quite developed with its extensive pipelines do you think that the East will develop its infrastructure to accommodate natural gas as fuel looking forward?

Gaz MtroAt present the business model for LNG distribution is mainly by tanker truck from the liquefaction plant. This mode of transportation provides unparalleled flexibility in terms of volumes, costs, distances and delivery lead times. Marine transportation of LNG is also an eective solution whenever the volumes to be moved and the distance to be covered justify the investment. The solution is especially advantageous for industries located close to deep-water port infrastructures.In the long term, the possibilities for storage in port facilities and/or on the direct consumers premises must also be considered in order to allow the customer greater autonomy.

Stolt LNGLNG will be a key in eastern Canada whether a pipeline is extended for marine based plants or whether is brought in by barge to an LNG terminal it will happen. The advantage in eastern Canada is that most of the projects in occur near the water. And that is where the larger consumers reside.

Chester LNGAnywhere there is gas and it is feasibly obtainable, you will eventually have a pipeline and/or some other form of transporting (and distribution) the Natural Gas. The Natural Gas transformation is here to stay and the deployment of natural gas production and distribution systems will be facilitated by the acceptance from Canadian industry and its citizens.

ENNFor o-grid applications we think that opportunities exist in both eastern and western Canada. Although western Canada has more pipelines, the remote areas of northern BC, Yukon, North West Territories, and northern Ontario lack access to pipeline infrastructure. For residents and companies with operations in those regions, LNG provides the solution as it can be transported to site easily and eciently.

GP StrategiesLNG will be a key in eastern Canada whether a pipeline is extended for marine based plants or whether is brought in by barge to an LNG terminal it will happen. The advantage in eastern Canada is that most of the projects in occur near the water. And that is where the larger consumers reside.

3. Are there any HHP industries in particular which you think are set to become big adopters of natural gas?

Gaz MtroMarine transportation and the o-network industrial/mining industry are particular industries are to watch for. In light of the new international and North American sulfur oxide and nitrogen emission standards in eect in Canadian waters, Canadian ship owners must consider long-term solutions to comply with the new regulations. For the time being, natural gas is not only the single alternative to fuel oil and marine diesel, but it also represents significant fuel cost savings. The exceptional geographical location of the St. Lawrence River as the gateway to the Great Lakes, there is a tremendous potential for LNG in both passenger and freight transportation.To date, a very large portion of our Qubec territory has no access to provincial power networks, whether gas or electric. For that reason, the only solution for all self-sustaining remote communities and major industries and mines located on the North Shore and in Northern Qubec is to use petroleum products to meet their energy needs. Therefore, natural gas represents a high-performance, cleaner alternative that is both ecient and cost-eective.

Stolt LNGI believe rail, marine, mining and remote power generation application will all partially adapt to natural gas. Regulations, access to natural gas, technology for end users development and infrastructure will all factor into the adaption rate and not to mention the price of oil.

Chester LNGThe HHP industries that are in the forefront of converting to Natural Gas as a fuel source are the Marine, Rail, Mining, and Power Generation Sectors. We are frequently fielding inquiries from these industries. Customers have decided to go to Natural Gas as a fuel and they frequently ask us about natural gas supply, LNG production, conversions, and transport.

ENNWe believe that natural gas is an ideal fuel for those customers that are o-grid, and are large consumers of fuel. For example, industries such as mining, marine and oil & gas exploration would make ideal adopters.

GP StrategiesI believe rail, marine, mining and remote power generation application will all partially adapt to natural gas. Regulations, access to natural gas, technology for end users development and infrastructure will all factor into the adaption rate and not to mention the price of oil.

Fleet EnergyWe believe remote power generation fueled by LNG is set to become the biggest adopters of natural gas.

4. How has the fall in oil prices aected your business short term? What do you foresee long term?

Gaz MtroSome potential clients prefer to remain observers for yet some time before switching to natural gas. However, a large number of our clients have chosen to pursue their development eorts by taking advantage of the competitions hesitation and enhancing their competitive edge. Projects launched prior to the drop in oil prices have continued to be developed, regardless of oil price fluctuations. In the current context of a major fall in oil prices, natural gas remains the most cost-ecient energy. Natural gas is an advantage that will continue to increase the day when crude oil prices inevitably rise again. In addition, one of the most significant advantages of natural gas is price stability over time. This advantage makes it easier to plan and foresee natural gas needs in the long run: an invaluable financial asset, particularly in project start-ups.

Stolt LNG Fleet owners not matter whether they are rail, marine, mining trucks do not like uncertainty. And with the current state of oil pricing there is much uncertainty in the marketplace. I tend to believe that the price of oil will rebound in the next 18 months and everything will be back on track. We are one geopolitical event away from $80 to $100 bbl oil.

Chester LNGIt has made some customers step back from the decision process but others who have made the commitment to move to natural gas fuel are steadfastly moving forward. Even if the decision for some customer is to wait and see they are still keeping up with Natural Gas technology so when the time is right to move to Natural Gas they will be well-informed on the current market activities and technology.

ENNActually, the fall in oil prices aects the whole industry because the real driving force behind a company transitioning to natural gas is based on the price spread between natural gas and oil we are noticing a lot of consumers are becoming hesitant because they cant see the savings. In the long run, we still believe its a promising industry - the price of oil will start to climb in the next several months and the price of natural gas will continue to stay stable. Innovation in shale gas extraction has led to natural gas supply that is higher than domestic demand in Canada and the United States, causing a favorable pricing structure for natural gas. With the abundant resources in North America, we believe that natural gas prices will remain stable for the foreseeable future.

GP StrategiesFleet owners not matter whether they are rail, marine, mining trucks do not like uncertainty. And with the current state of oil pricing there is much uncertainty in the marketplace. I tend to believe that the price of oil will rebound in the next 18 months and everything will be back on track. We are one geopolitical event away from $80 to $100 bbl oil.

Fleet EnergyWe believe depressed oil prices have given many operators a good reason to put o decisions about making the move to natural gas. The fundamentals point to a sustained level of depressed oil prices until world economies begin to grow and demand radically increases. However, this is unlikely to happen for at least a year. We believe much of the growth in natural gas HHP fuelling will be driven by emissions regulations.

5. From the feedback you have received from your customers so far, what have been their major challenges with trying to integrate natural gas fuel?

Gaz MtroDeveloping a whole new market that involves supply sites, maintenance and service, etc. is never an easy matter. The chicken-and-egg dilemma is central to the issue: Should supply infrastructure be set up to open a market or should the infrastructure be deployed only when the market has reached maturity? Weve anticipate the demand in road transportation fuel by implementing refuelling stations at strategic locations and fostering the involvement of private players in the deployment of fuel supply infrastructure.

Industrial, mining and marine clients share a similar concern on the LNG supply chain. Our role is to encourage development and propose a flexible business model to suit clients needs. In many cases, infrastructure and equipment conversion costs can be high. Our role to advise and support the decision-making process is all the more significant. Instead of using smoke and mirrors, it is vital to communicate in a transparent manner, state facts, propose win-win solutions and, ultimately, provide expert, reliable advice to maintain our credibility with leaders so they can make informed decisions.

Stolt LNGChallenges include regulation approval for both rail and marine applications, locomotive and tender car models tested and available and fueling infrastructure development and installation. It seems all these things are in process and it will take time to develop.

Chester LNGThe major challenges so far have been the conversion costs of the power units and the lack of infrastructure to produce and dispense the natural gas fuel. Every day, as this industry moves forward, the technology is improving, causing costs to come down and the dispensing network is growing to satisfy demand.

ENNAs with any new technology adoption, there are bound to be challenges. Our customers have expressed concerns over stable LNG supply, a high capitalexpenditure for converting their equipment, and slimmer savings given todays oil price.

GP StrategiesRegulation approval for both rail and marine applications, locomotive and tender car models tested and available and fueling infrastructure development and installation. It seems all these things are in process and it will take time to develop.

Fleet EnergyMajor challenges encountered so far include the availability of success story data, the price spread from diesel to natural gas, engine technology and making the numbers work.

6. What if anything is your company doing to promote the use of natural gas fuels from Canadas heavy industries?

Gaz MtroGaz Mtro has done a great deal of pioneering work in Qubec in the last five years, and were the first in the country in 2011 to implement the Blue Road, a network of liquefied natural gas refuelling stations for vehicles on the busiest transportation corridors in Eastern Canada: Autoroute 20 in Qubec and Highway 401 in Ontario.

We should also highlight the importance of political support and any form of tax assistance likely to make a significant dierence in the economic calculations that underpin decision-making processes. We fully assume our role as a public utility and represent the interests of our clients on all the forums and with the dierent levels of government authority, so as to raise awareness about and promote natural gas and its advantages while maintaining government programs and contributing to the creation of new schemes. To support the market as it changes to natural gas, we have increased our presence in the field and are maintaining dialogues with clients, stakeholders, and industry- and sector-based associations in the various lines of business targeted.

Stolt LNGWe have completed 2 trailer loading facilities in the past year to make LNG available to the end users. And designed and constructed a system whereby we are vaporizing LNG to generate electricity to supplement the power grid. This will be important to serve remote areas of Canada not served by a gas pipeline.

Chester LNGWe are working with customers to produce LNG (or LCNG in some cases) from either pipeline gas or from stranded gas locations where there is no pipeline infrastructure in place. We also work with customers to turn their flares into marketable LNG. What was once going up in flames can now be a marketable source of energy. We believe that our MMS LNG system will dramatically change the entire production and marketing of Natural Gas (LNG) in Canada. Our units allow for greater production as greater demand is generated.

ENNENN Canada is undertaking several initiatives to help promote the use of natural gas fuels. First, we have invested in LNG infrastructure, both for use in transportation (trucking) and o-road applications we currently have 3 LNG stations operating in BC and Ontario and are in the process of constructing two more (one in Ontario and one in Alberta). Second, we have announced plans to construct a liquefaction facility in Western Canada with Ferus NGF to help solve the issue of LNG supply. Third, we are an active member of the Canadian