Corporate Overview The NGC Group of Companies

The NGC Group of Companies

Group Vision

To be a recognized

global leader

in the development of

sustainable energy-

related businesses

• Integrity

• Employee Engagement

• Excellence

• Safety & Environmental Preservation

• Transparency

• Customer Focus

• Corporate Social Responsibility

To create exceptional value

from natural gas and related

energy businesses through

our people and strategic

partnerships.

Group Mission

Core Values

Strategic Pillars: NGC Group

De

ve

lop

Org

an

iza

tio

n

•To match the new level of dynamism required of NGC to manoeuver in a more complex, internationally competitive arena

Se

cure

Cu

rre

nt

Bu

sin

ess

•To safeguard current business returns in challenging supply and demand environment

Gro

w L

oca

lly

& I

nte

rna

tio

na

lly

•To diversify by expanding into adjacent part of the energy value chain locally, and investing to capture value from global discontinuities

Str

en

gth

en

Na

tio

na

l C

on

trib

uti

on

•To deepen our contribution to the country through both financial and non-financial activities

o Secure gas

supply

o Contract

Optimization

o Operational

Excellence

o Geographic

Diversification

o Increase

Commodity

Trading

o Refresh Role

Mandate

o Formalize NGC

Grp Structure

to leverage

strengths

o FDI/Econ

Stimulation

o Alternative

Energy

o Lower Carbon

Footprint

o CSR

• Incorporated by GORTT in August

1975

• Start-up capital TT$80,000

• Asset base TT$46.2 B

• 100% state-owned

• Enabled development of the natural

gas sector by providing market for

upstream and downstream

industries

• Provided a market-related gas pricing

model for downstream

petrochemical customers

The National Gas Company of Trinidad and Tobago Limited (NGC)

Primary Business Activities

• Natural gas purchase from natural gas suppliers

• Natural gas aggregation

• Natural gas sales to large industrial customers and light

industrial customers (LICs)

• Natural gas transportation and distribution

• Gas transportation services to limited customers

• Ownership, operation and maintenance of 4.4 Bcf/d installed

capacity network, Approximately 608 miles (1,000 km) of

pieplines) on land and offshore

• Natural Gas Liquids (NGLs) production and marketing

• Joint venture oil and gas production and marketing

• Liquefied Natural Gas (LNG) production, marketing and

shipping

• Strong asset base of approximately US$6 billion, including

key pipeline transmission and distribution infrastructure

• A diversified Group of Companies – one of the largest

business entities in the Caribbean when measured by

assets

• International Investment grade credit rating with the

financial flexibility to pursue global growth opportunities

• High pipeline reliability and availability record through the

effective use of engineering design, construction,

maintenance and surveillance activities

• Knowledgeable and experienced staff in natural gas

purchase and sale, transportation and distribution, contract

negotiation, compression services

• Long term gas purchase and gas sales contracts with major

multinationals

• Strong Corporate Social Responsibility programme

Corporate Strengths

NGC’S SUPPLY COMMITMENTS

• 10 Ammonia Plants

• 1 Urea Plant

• 7 Methanol Plants

• 1 Ammonia Urea Melamine

(AUM) facility

• 1 Cement Manufacturing

Customer

• Over 100 Light Industrial

Customers

• 5 Power Generation Sites

• CNG

T i idad a d To ago s Natu al Gas Value Chai

T i idad a d To ago s Pipeli e Netwo k

T&T Natural Gas Consumption by Sector

2011-2016

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2011 2012 2013 2014 2015 2016

Mm

scf\

d

Small Consumers

Cement Mfg.

Gas Processing

Refinery

Iron & Steel Mfg.

Methanol Mfg.

Ammonia Deriv.

Ammonia Mfg.

Power Generation

• National Energy Corporation of Trinidad and Tobago Limited (National Energy)

• conceptualizes, promotes, develops energy-based projects and manages industrial sites, port and

marine infrastructure

• Phoenix Park Gas Processors Limited (PPGPL)

• engaged in natural gas processing and the aggregation, fractionation and marketing of Natural Gas

Liquids (NGLs) propane, butane and natural gasoline

• NGC CNG Company Limited (NGC CNG) • promotes and implements nationally. Compressed Natural Gas (CNG) as a cleaner, cheaper fuel for

the ou t s transportation sector

• Trinidad and Tobago NGL Limited (TTNGL)

• incorporated to hold 39% of the shares in PPGPL; listed on the Trinidad and Tobago Stock Exchange

following ou t s first ever energy IPO

The NGC Group of Companies

NGC is involved in activities throughout the energy value chain, through subsidiaries and investments. Its major

subsidiaries are:

NG

C G

rou

p o

f

Co

mp

an

ies:

Leg

al S

tructu

re

10

0%

1

5%

4

%

10

0%

2

0%

1

00

%

10

0%

1

00

%

TSP Asset

South-East Coast

Consortium

T&T Marine Petroleum

Co. Ltd.

83

%

NEC of T&T.

LABIDCO.

10

0%

NGC CNG Co. Ltd.

17

%

10

%

18

%

National Enterprises Ltd.

(NEL)

Eastern Caribbean Gas

Pipeline Co. Ltd.

National Helicopter

Services Ltd.

NGC Pipe-line Co. Ltd.

NGC E&P investments

(Barbados) Ltd.

NGC E&P (Barbados) Ltd.

Atlantic LNG 4

Unlimited

(Train4)

NGC E&P Investments

Ltd.

Block 3 (a)

(T&T)

Block 2 (c)

(T&T)

Phoenix Park

Gas processors

Ltd.

Atlantic LNG

Co. of T&T Ltd.

(Train 1)

20

%

Pip

elin

e

LNG

Up

strea

m A

ssets

Pro

cessin

g

Po

rts &

Infra

structu

re

CN

G

Oth

er

Th

e G

ov

ern

me

nt o

f the

Re

pu

blic

of T

rinid

ad

an

d T

ob

ag

o

Th

e N

atio

na

l Ga

s Co

mp

an

y o

f

Trin

ida

d a

nd

To

ba

go

Limite

d

T&T LNG Co. Ltd.

10

0%

6

3%

NGC E&P

Netherlands

cooperatief

U.A.

NGC NGL Co. Ltd.

T&T NGL Ltd.

51

%

80

%

NGC Petrochemicals

Downstream

Petrochemicals Research

& Development Ltd

Caribbean Gas

Chemical Ltd

10

0%

1

00

%

NGC TT LNG Ltd.

51

%

39

%

11

.11

%

10

%

37

.84

%

Op

era

ted

Co

mp

an

y

Fu

lly Ow

ne

d

Pa

rtially O

wn

ed

10

0%

1

00

%

99

.99

%

0.0

1%

20

%

Subsidiary Profiles

National Energy - Current Mandate

The conceptualization, promotion, development and facilitation of new energy-based and downstream industries in Trinidad and Tobago

Identifying and developing new industrial deep water ports to facilitate these estates

Own and operate marine and other infrastructural assets to facilitate all gas-based petrochemical and metal

plants

Development and Management of La Brea and

Union Industrial Estates

Identifying and developing new industrial estates

Towage and Harbour operations

Sustainable management of the environment

• Six (6) petrochemical piers

• Iron & Steel Dock

• Harbour, Channel & Turning Basin

Ten (10) vessels

• Eight (8) Tugs

• One (1) Passenger Launch

• One (1) Fast Crew Supply Vessel

Operating Assets

Port of Brighton, La Brea

Union Industrial Estate

Port of Galeota

Facilities Managed

Formed in 1989, operational since 1991

- NGC NGL Company Limited (51%)

- Trinidad and Tobago NGL Limited (39%)

- Pan West Engineers LLC, through a consortium comprising The National Insurance Board of Trinidad and

Tobago (NIBTT), National Enterprises Limited (NEL), and The Trinidad and Tobago Unit Trust Corporation

(UTC) (10%)

Natural gas processing, NGL aggregation, fractionation and marketing

- Forging development through energy

- Staying true to our core values

- Being a leader in the energy sector

- Creating business opportunities for sustainable growth and development for the benefit of our stakeholders

HISTORY

OWNERSHIP

CORE

BUSINESS

CORE

PURPOSE

PPGPL at a glance

Facilities Operations

Three cryogenic natural gas processing plants –

1.95 Bcf/d

P o essi g wet gas supplied NGC a d Petrotrin from offshore

fields

Two fractionation plants - 70,000 barrels / day

Residual clean dry gas, returned to NGC and Petrotrin

Six product storage tanks - 1,250,000 barrels

Fractionating NGLs from processed gas and NGLs supplied by ALNG

into propane, butane and natural gasoline

Two product loading docks - 54,000 cbm

Fractionating butane into iso-butane and normal butane

A atu al gas li uids NGLs pipeli e etwee Atla ti LNG ALNG at Poi t Fo ti , T i idad to the Point Lisas processing facilities

Marketing and sale of propane, butane and natural

gasoline

Iso-butane is supplied to Petrotrin via pipeline

Propane, butane and natural gasoline is exported

Overview of Operations

Overview of Operations

Operating Performance

PPGPL has operated at an average operational

uptime in excess of 98% since its inception

The Company has an exceptional safety record:

o U“ Gas P o esso s Asso iatio U“ GPA safety award for 16 years

o 1 lost workday case in the past 22 years

o TT OSH – National Safety Awards – Finalist in

2006 & 2007

High quality outputs:

o The propane produced meets the highest

standard (HD5) set by the US GPA

o The butane contains no olefins, a contaminant

commonly found in refinery-grade butane

o Only one valid demurrage claim incurred over

2,700 cargoes

PPGPL’s Facility

Key Marketing Strengths

Consistent supplier to key Central American markets

Consistently achieved average NGL freight on board product prices at average

premium above Mont Belvieu prices for term contracts

International reputation for rapid vessel turnaround

High customer satisfaction noted via annual customer survey:

90% in 2015

95% in 2014

94% in 2013

• NGC is mandated by the Government of Trinidad and Tobago to accelerate and

expand the use of Compressed Natural Gas (CNG) as a major alternative

transportation fuel in the country. The switch to CNG is expected to take place

in 2 phases.

• The first phase was projected to cost TT$500 million (now reduced) and

involves the construction of 22+ new or revamped CNG-only fuel stations and

conversion of 17,500+ vehicles.

• The second phase, if sanctioned, is projected to cost TT$1.57 billion for the

construction of more stations and increasing demand.

• Primary motivations are reduction of subsidy and lowered fuel prices to the

population.

NGC CNG Overview

• The vehicle market in Trinidad & Tobago for

OEM CNG vehicles is evolving quickly with

several options in various classes:

• Bi-fuel (gas and CNG) Honda City CNG

passenger vehicles available for

purchase

• First 100% CNG freightliner truck

launched in 2016 - this is the first time a

CNG freightliner truck has been

exported from North America

• 2 CNG a i-ta is o the oad, with others on the way

• 13 CNG filling stations in operation, with 13

new supply points planned for opening in 2017

• 5 mobile refuelling units to be commissioned

• 3000+ CNG vehicles estimated to be in use

CNG Campaign Progress

CNG Campaign Progress

3,344

27,407

85,348 89,615

94,096

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

2016 2017 2018 2019 2020

Target CNG Sales Volumes with NGV targets

(Diminished marketing expenses after 2018)