AIXGas-to-power

LNG imports and exports

Upstream assets

Monetisation strategies

Bankable projects

O�take agreements

A

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Meetings

Now in its fourth year, AIX: Gas focuses on bringingupstream and LNG players together with powersector and downstream developers and investors fora frank discussion on project opportunities andinvestment issues affecting the gas sector.

Held under the Chatham House Rule, limited to 150participants and structured around interactive panel-led sessions, AIX: Gas offers a unique opportunity toengage with a range of stakeholders along the Africangas value chain in a right-sized forum.

Africa Investment Exchange

AIX: GasDeveloping partnerships along the gas value chain

11-12 April 2018, RSA House, London

About us

2

Why RSA House?

We picked RSA House for itsunique combination of excellentconference facilities, break outspaces and private meetingrooms packaged together in avenue that provides a uniqueslice of London’s history.

A hidden gem in the heart ofLondon, and within a fewminutes walk of major transporthubs, hotels, theatres and someof London’s most famouslandmarks, RSA House wasdesigned by Robert Adam in theearly 1770s, and is the historichome of the Royal Society of Arts.

A famous centre forEnlightenment thinking, thebuilding has been theintellectual and social home ofsome of the greatest thinkersand social activists of the past200 years.

“I must tell you that I found thatAIX: Gas was again excellent, verywell prepared and nicelyconducted. The quality of guests,panellists and discussions wereawesome. I truly appreciated itand will come back next year forsure.”

Etienne Bourguignon, CommercialManager Sales for West andCentral Africa, Siemens Power &Gas

A unique perspectiveAs a consultant and publisher, CbI has been involved at the heart of thedebate surrounding the development of the energy sector in Africa foralmost 30 years.

CbI Meetings pairs the extensive regional expertise and source networkof CbI’s African Energy with a seasoned events team experienced inproducing high-level investment forums and dialogues across theAfrican continent.

As a consultant, CbI has a unique perspective when it comes tounderstanding the themes and topics that provide the foundations for avibrant conference agenda and the mix of project stakeholders requiredto create a lively and engaging panel-led discussion.

We are focused on producing meetings that create enduring dialoguesbetween development finance institutions and other establishedinvestment sources as well as non-traditional investors including, privateequity firms, venture capitalists, family offices, foundations, institutionalinvestors and impact investors.

Africa Investment Exchange (AIX) Gas is held under the Chatham HouseRule, structured around interactive panel-led sessions and limited to150 high-level participants.

Over the last four years, participants have used the two-days of AIX: Gasto hold private meetings with new and already established partners inconvenient break-out rooms at RSA House.

Gas development & commerce

A N G O L A

S O U T HA F R I C A

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COMOROS

GHANA N I G E R I A

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CAMEROON

KENYA

TANZANIA

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EQ.GUINEA

N I G E R I A

C A M E R O O N

G H A N AC ï T E

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MOZAMBIQUE

TSHWANE/PRETORIA

MAPUTO

GABORONE

HARAREANTANANARIVO

LUSAKA

LUANDA

KINSHASA

BRAZZAVILLE

NAIROBI

LILONGWE

LIBREVILLE

YAOUND�BANGUI

KAMPALA

ADDISABABA

ASMARAKHARTOUM

NÕDJAMENA

ABUJA

NIAMEY

OUAGADOUGOU

YAMOUSSOUKROMONROVIA

FREETOWNCONAKRY

BISSAU

DAKAR

BAMAKO

CAIRO

NOUAKCHOTT

TRIPOLI

TUNISALGIERS

RABAT

DJIBOUTIVILLE

MASERU

BANJUL

MALABO

BUJUMBURA

PRAIA

DODOMA

JUBA

KIGALI

SÌO TOM�

WINDHOEK

MOGADISHU

MBABANE

Dar es Salaam

Abidjan

Idku

Arzew

Aswan

Skikda

Damietta

Marsa Al-Brega

Mellitah

Taba

Soyo

Mombasa

Beni Saf

KoudietDraouche El

Haouaria

Escravos

Cotonou

Aboadze

Oranjemund

Secunda

El Arish

Jorf Lasfar

Mtwara

Tema

Palma

Ghannouch

AinSokhna

ACCRA

LOM�

PORTO- NOVO

YAOUND�

Lagos

Ibadan

BeninCity

Pt.Harcourt

Punta Europa

OnitshaCotonouTema

Kumasi

Aboadze

Keta

GrandBassam Aba

Enugu

Warri

QuaIboe

Bonny

OlokolaFTZ

Escravos

Ajaokuta

Jacqueville

Abidjan

Richards Bay

Durban

Saldanha Bay

Cape Town Port ElizabethMossel Bay

ZeitBay

Benghazi

Tahaddart

LikongÕo

Walvis Bay

East London

Takoradi

Matola

Songon

Major gas fields and recentsignificant discoveries

Major gas pipelinefuture?

LNG liquefaction plantand export terminal

future?

LNG regasification plantand import terminal

future?

100

0

0

Kilometres

Miles

200

MAZARO DELVALLO, SICILY

ALMERêA,SPAIN

PIOMBINO, ITALYvia Sardinia

ASHKELON, ISRAEL

GELA,SICILY

JORDAN ¥ SYRIA ¥ TURKEY

SPAIN¥

PORTUGAL

G U L F O FG U I N E A

ALNG

TRANS-SAHARANGAS PIPELINE

(TGSP) / NIGAL

Closed2011,

upgraderequired

ENRICO MATTEI / TRANSMED

HASSI RÕMEL

GASSI TOUIL

ILLIZIBASIN

GREENSTREAM

SKIKDALNG

(GL1-K,GL2-K)

ARZEW LNG(GL1-Z,GL2-Z) GALSI

ELNG SEGAS

UPPER EGYPT GAS PIPELINE

ARAB GASPIPELINE (AGP)

NILE DELTA

LOWER CONGO BASIN

MEDGAZ PEDRO DURAN FARRELL /GAZODUC MAGHREB EUROPE (GME)

SIRTEBASIN

KUDU

PANDE

GHADAMESBASIN

OFFSHORE RUVUMA/ ROVUMA BASIN

SONGO SONGO

GASSITOUIL LNG

(GL3-Z)

Gas imports

MORONI

WESTERNDESERT

BANDA

CHEWA, PWEZA

AKPO

DORO

BONGA

BRASS LNG:FID awaited

ORON

OSONLNG

NLNG:Six trains operating,awaiting FID on Train 7,Train 8 planned

OK LNG:Projecton hold

FSRU

FLNGELPS: Escravos-Lagos Pipeline SystemEWP: East-West PipelineOGGS: Offshore Gas Gathering SystemWAGP: West African Gas Pipeline

ELPS

FSRU

OGGS

SONAM EWP

(2017)

KRIBI

ISONGO

LOGBABA

SANAGA

EG LNG EG LNG 2

ALBAWAGP

FSRU

FSRU

FOXTROT,PANTHéRE

KUDU,ELAND

FSRUFSRU

TENSANKOFA

ALEN

IBHUBESI

BREDASDORP

GHANA 1000

TEMANE

MZLNG MAMBA

FLNG

CALUB,HILALA

GREATERTORTUE

LONTRA

MÕBOUNDI

LITCHENDJILI

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OFFSHORE CABINDA

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GULF OF GABéS

BERKINEBASIN

SAHARAFIELDS

FLNGFORTUNA

JUBILEE

FLNG

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MAMBAKOFI

SPA agreedwith BP to buyentire output

GoFLNG: 3 units(2018) (2019)

FLNG

Egyptian LNGimports beganin 2015

FSRU

DedicatedSongon IPPsupply FSRU (2018)

CI-GNL consortium

FSRU

FSRU

No exports since 2012

© African Energy 2017 (www.africa-energy.com)

EgyptÕs giant Zohr discovery looks set to transform the market,opening a new play and raising the prospect of a Mediterraneangas hub, with Egypt a ready market for new production, whetherfrom Egyptian, Israeli or Cypriot waters. The Zohr field is sosubstantial that not only could imports become unnecessary, butexport LNG projects could eventually come back on the agenda.

NORTH AFRICA: NEW PROSPECTS

The TSGP, running from Nigeria to Algeria, remainsa key Programme for Infrastructure Developmentin Africa (PIDA) project but little progress has beenmade. In late 2016 Morocco and Nigeria agreedto build a gas pipeline also going north. Basicdetails, including route, have yet to be unveiled.

TRANSPORTING GAS NORTHWARDS

The prospect of producing gas offshore Mauritania,Senegal and Ghana has added to the West CoastÕsfocus on GTP projects. Unreliable supply through theWAGP has led potential GTP consumers to examineFLNG and LPG-based solutions to import feedstock.Along the WAGP route, Ghana has proposed threeFSRU projects: Quantum Power and WAGL (Sahara/NNPC) have proposed developments at Tema (bothwith Golar); Endeavor Energy/GE have a project atTakoradi. Benin has plans for a FSRU in Cotonouharbour. In C�te dÕIvoire, Total has rights to build andoperate a 3m t/yr LNG regasification terminal. Cameroonand Equatorial Guinea plan FLNG schemes for export.

WEST AFRICA: GAS FOR POWER

Plans to develop NamibiaÕs Kudu and SouthAfricaÕs Ibhubesi offshore gas fields have beenpersistently delayed. LNG imports form part ofSouth AfricaÕs Gas to Power Programme, whichwill supply IPPs. The prospect of exports hasrevived output at AngolaÕs Soyo gas plant.

SOUTHERN AFRICA: STRANDED GAS

A final investment decision on CoralLNG, the first development (led byEni/ExxonMobil) tappingMozambiqueÕs world-scale offshorereserves is expected by end-2017.Gas will be exported to Asia in the2020s. Reflecting MozambiqueÕsgeography, LNG imports at Matola forGTP are being considered, as astopgap before Rovuma Basin gas canbe be transported south (by pipelineor FSRU) for domestic consumption.TanzaniaÕs major reserves could alsobe exported but decisions are proneto policy-related delays. A Chinese-built pipeline has expanded Tanzaniandomestic supply. Kenya is consideringfollowing the LNG import route, viaMombasa port, as is Mauritius, whereMauritius Ports Authority has retainedRoyal HaskoningDHV to study a PortLouis project.

EAST AFRICA:EXPORTS TO ASIA

The government has been developingan integrated plan to import up to10bcm to be landed at Jorf Lasfar andpiped to several new GTP plants. Thereare also prospects for more domesticoutput with an onshore developmentby Sound Energy and prospects foroffshore exploration.

MOROCCO:LNG IMPORT PLANS

FLNG: floating LNGFSRU: floating storage and regasification unit

Panellists at AIX: Gas 2018

4

Ezekiel Adesina Executive Secretary Africa Energy Study Group

Dafe Akpeneye Commissioner Nigerian Electricity Regulatory Commission

Jay Bhattacherjee Chief Executive Officer Aminex

Steve Brann Senior Investment Manager Vitol

Paul Eardley-Taylor Oil & Gas, Southern Africa Standard Bank

Roland Fisher Chief Executive Officer Gasfin Development

Zackarie Fortin‑Brazeau Business Development Manager Stolt-Nielsen

Tarik Hamane Executive Director and Moroccan Agency for Sustainable Energy Advisor to the Chairman (MASEN)

Steve Husbands Head of Commercial, Oil & Gas Advisory SLR

Chris Levell Managing Consultant Gas Strategies

Jon Marks Chairman CbI

Brian O’Hanlon Director of Business Development Overseas Private Investment Corporation

Kishan Pillay Director of Oil & Gas Department of Trade and IndustryIndustrial Development Division South Africa

Oliver Quinn Director – Exploration and Africa Ophir Energy

Pierre Raillard Director Africa OneLNG

John Smelcer Partner Webber Wentzel

John-Patrick Sweny Counsel Latham & Watkins

Helen Tarnoy Managing Director Aldwych International

Victor Tivane Director of Local Content ENH, Mozambique

Erik Wandrag Senior Transaction Advisor Power Africa

AIX: Gas

5

Wednesday 11 April

08h30 to 09h00 Registration & coffee

09h00 to 10h45

Africa Gas Outlook

Chair: Jon Marks, Chairman, Cross-borderInformation (CbI)

The opening session highlighting key trends, withexpert analysis and data from African Energy Livedata to kick off the discussion. Countries and issueswill include Cameroon, Egypt, Equatorial Guinea,Ghana, Mozambique, Nigeria, Senegal, South Africa,export/import potential with moderated debate on:

• LNG (and FLNG) export prospects around the continent.

• Domestic gas-to-power (GTP) schemes, from domestic resources and imports (including an overview of project prospects through to 2025).

• Regional pipelines, GTP transmission and other projects.

• Pricing issues – the domestic versus export sales debate: are they coming closer?

• Oil majors: re-examining their position in Africa’s natural gas market.

• Bringing upstream players, power developers, private equity and other backers closer together.

10h45 Coffee

11h15 to 12h30

The West African challenge

Many export and domestic Nigerian gas projectshave stalled, underlined by the chronic shortfalls ofsupply through the West African Gas Pipeline. Butthe region retains huge resources, a vibrant businessculture and major needs for power and revenues,which provide opportunities along the value chain.Panellists will focus on:

• Domestic markets: monetising upstream

developments or moving to FSRU (LNG import)

solutions for GTP – in Côte d’Ivoire, Ghana,

Nigeria and other markets.

• Working with Nigerian and other indigenous

upstream players.

• Developments in the deep offshore – including

the emerging Senegal-Mauritania (MSGB Basin)

play and potential markets.

• The Nigeria-Morocco pipeline and other mega-

plans. Is a much more interconnected industry

going to emerge?

12h30 Lunch at RSA House

Day one - Developing partnerships along the gas value chain

11-12 April 2018

6

13h30 to 14h45

Gas to market

Project stakeholders discuss the challenges ofdeveloping an indigenous gas industry that servesboth African and international markets.

• Upstream perspectives: barriers to commercialising Africa’s gas deposits

• Industrial developments: monetising gas for industry, domestic distribution and other purposes

• Regulatory changes and pricing issues facing the industry in different countries

• Feedstock gas for fertiliser production and other opportunities

• Prospects for future pipelines and LNG regasification terminals

• Developing an LNG supply industry that can compete in the international market

• Development finance institutions: what is their role in these developments

14h45 Coffee

15h15 to 16h30

Gas-to-power investment strategies

Project developers and their financiers seem keen tobuy into the continent’s fast-rising demand for GTPbut actual projects remain thin on the ground.

• Is it really a boom market? What does the project pipeline data tell us?

• Security of supply: sourcing fuel for powergeneration.

• A GTP independent power producer (IPP) case study – is it replicable?

• Sources of investment and instruments that can catalyse private investment (from multilaterals, government- owned DFIs, insurers and ECAs).

• Engaging with government: what do national and local administrations, and regulators want from a project? How does this align with what developersand financiers need to make projects work?

16h30 to 17h30

AfricaHardball™ – Political issues that weigh onAfrica’s gas industries

CbI’s AfricaHardball™ formula of hard-hitting debateon governance, security and other political issuessurrounding Africa’s energy issues is adapted to endDay 1 of AIX:Gas with a panel discussion on questionsthat should concern all stakeholders. It will comprise:

• Panel discussion on key political issues from governance in South Africa and Nigeria to localised discontent and working with diverse communities across the continent

• Local content and domestic supply obligations: how do policies compare?

• Questions of critical risks as perceived by the audience

Seeking out patterns, providing scenario-building,based on the input at Hardball and earlier discussions.

17h30 Evening Reception at RSA House

13h30 to 16h30

Breakout sessions

As the agendaevolves there will bean opportunity todevelop othersessions, such as aregional focus (CentralAfrica, North Africa);FSRU and floatingsolutions; andinvestment andtechnology risk.

AIX: Gas

7

Thursday 12 April

08h30 to 09h00 Morning coffee at RSA House

09h00 to 10h30

East and Southern Africa - What is realistic?

Leveraging the region’s huge natural resources todevelop industry, stimulate domestic growth as wellas supply regional and international markets.

Tanzania

• Policy focus: what impact has the government had on the country’s gas market

• Export market: prospects for LNG (conventional and FLNG)

• Domestic market: supplying industry and GTP projects

Mozambique

• Policy focus: update on the current policy environment

• Export market: prospects for LNG (conventional and FLNG)

• Domestic market: supplying industry and GTP projects

11h00

Coffee

11h30 to 13h00

Financing along the value chain

Securing investment in exploration and projectdevelopment.

• New business models and forms of partnerships emerging in the sector

• Raising financing and risk allocation for projects

• Trends in M&A activity and asset deals

• Private equity investment strategies

• Mitigating financial and operational risks

The potential for working with ‘new’ investor classes

• The possibility of tapping pension funds and sovereign wealth funds; equities investors (the JSE, LSE and others are reshaping their thinking on Africa); family offices and private investor classes that are taking an interest in Africa; and other institutional investors, from Africa50 to hedge funds.

14h00 to 15h30

LNG market developments

• LNG producers: assessing opportunities and risks innew markets

• Infrastructure: onshore terminal versus FSRU

• LNG for transport and industry: what is realistic?

• Small-scale LNG market: financing and implementing smaller scale floating projects

• Evolving LNG pricing mechanism and contract commitment

15h30 Coffee

15h30 to 16h45

LNG to power

Experience suggests it is difficult enough to reachfinancial close on either an IPP or an LNG importproject. Structuring, financing and co-ordinating theconstruction of an integrated LNG to power projecthas its potential benefits, but also creates significantadditional complexities.

Panellists will examine the legal and financialchallenges as well as look at lessons learned fromsuccessful projects in other countries.

End of AIX: Gas

Day two afternoon - Building an LNG value chainExamining the implication of falling LNG prices and growing supply availability for African markets; newtechnology and new projects being promoted; and the complexity of the LNG to power value chain.

Sponsorship options

8

For sponsorship enquiries contact: Nick Carn Tel: +44 (0)1424 721667 Email: nick@cbi-research.com

Sponsorship Advanced options

Standard package Extras available for tailored packages

Corporate logo on event website, agenda, brochure and marketing emails

Meeting room, with tea and coffee, for sponsor to conductprivate meetings with clients and potential clients

Corporate logo on the headline slides and delegate bag Evening reception sponsor

Full-page colour ad in the meeting book Lunch sponsor

Corporate literature in meeting bag Session sponsor

Prominent panel position Coffee break sponsor

Input on the agenda Exhibition space

3 additional passes for sponsor’s staff or guests

£7,000 excl UK VAT Contact us for a tailored package

Past AIX sponsors

Participants by industry

n UK

n Europe

n Africa

n North America

Participants by region

n Power developers

n Oil & gas companies

n Finance & investors

n Professional services

n Officials & regional bodies

Please register those listed below for AIX: Gas:

There is a 20% discount which runs until 6 February. Price payable: £1,360 plus VAT (fullprice £1,700 plus VAT)

1st Delegate

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When you have returned this form you will receive a booking confirmationand invoice to be paid by bank transfer. Full payment must be made beforeevent. Total to pay ........................

(see event websites for the latest offers or email nick@cbi-research.com)

I have read and agreed to the terms and conditions for delegate bookingsand payment

Terms & Conditions Payments: All bookings madeprior to the conference must bepaid in full to guaranteeregistration. If payment is notmade at the time of booking,registration will be provisional.Cancellation: The fee is non-refundable if cancellation isreceived less than two weeksbefore the booked meeting. For acancellation before this date thefee will be refunded, less ahandling charge of £75.

Indemnity CbI Meetings is not liable for anytravel and accommodation costsincurred by delegates inconnection with their registration.CbI Meetings cannot acceptliability for any loss, cost orexpense suffered or incurred byany person arising from reason ofwar, including threat of war, riotsand civil strife, terrorism or threatsthereof, natural disaster, weather,fire, flood, drought, technical,mechanical or electricalbreakdown within any premisesvisited by delegates in connectionwith the conference, non-provision of services provided byhotel companies or transportoperators, industrial disputes,government action, regulations, ortechnical problems which mayaffect the services provided inconnection with the event.

Attend our meetings

For registrations contact:

Lauren AndrewsTel: +44 (0)1424 721667Email: lauren@cbi-research.com

africa-investment-exchange.com

Register to AIX: Gas

Venue: RSA HouseDesigned in the early 1770s, RSA Houseis a famous centre for Enlightenmentthinking, the intellectual and socialhome of some of the greatest thinkersand social activists of the past 200 years.

8 John Adam Street, London WC2N6EZ.