Mozambique area 4 block LNG.pdf

eni in LNGApril 2013

eni is involved in several LNG ventures and activities around the world,

directly and through affiliates and companies where eni has a direct equity interest.

eni also has access to the technology that covers the whole LNG chain

and the capabilities to develop integrated LNG projects.

through UFG through Galp

eni.com

approximate conversion factors

NigeriaEgyptIndonesiaTimor Leste - AustraliaTrinidad & TobagoAngolaMozambique

Nigeria LNGBrass LNGSegas LNGDarwin LNGQalhat LNGAngola LNGMozambique

LNG PortovenereLNG LericiLNG MethaniaLNG Stena Crystal SkyLNG Golar Maria

PanigagliaSaguntoEl FerrolHuelvaCartagenaSinesCameronPascagoulaZeebrugge

ItalyPortugalSpain FranceBelgiumUKGreeceJapanKoreaArgentina

3eni in LNG

In 2012 eni supplied 5.1 BCM of feedgas to LNG plants, held10.5 BCM of liquefaction capacity, 21.1 BCM of regas capacityand sold 14.6 BCM equivalent of LNG.eni intends to significantly grow its position along the whole LNG chain. This growth will be largely driven by expansion and new projects in Nigeria, Angola and Indonesia, where eni is a significant long term player, in addition to Mozambique.

2000

2000

2000

2000

2012

2012

2012

2012

equity gassupply(BSCM)

liquefactioncapacity(BSCM)

regasificationcapacity(BSCM)

LNGsales

(BSCM)

0.6

0.9

2.0 2.9

5.1

10.5

21.1

14.6

existing liquefaction

countries with access to regas capacity

liquefaction under development

existing regas

equity production

main LNG routes

CAMERON

ZEEBRUGGE

SAGUNTO

PANIGAGLIA

SINES

EL FERROL

PASCAGOULA

T&T BONNY

QALHAT

DAMIETTA

BONTANG

DARWIN

BRASS

MOZAMBIQUE

ANGOLA LNG

countries with participation in LNG projects

4| exploration & production | liquefaction | shipping | regasification | market

eni operates in the oil and natural gas upstream sector in 43 countries

across the world.In 2012 daily hydrocarbon production amounted to 1.701 million boe/day.

Proved hydrocarbon reserves at December 31, 2012 totaled 7.17 billion boe.

Africa

eni has a historical presence in Africa, particularly in Egypt, Libya, Nigeria, Algeria, Angola and Congo where it is considered to be oneof the largest players. enis success in hydrocarbon explorationin this region allowed production to contribute to 62% of its totaloil and condensate and 47% of its total natural gas production.In order to exploit and monetize part of its gas reserves, eni is actively promoting the development of LNG export projects. eni is already participating in Nigeria LNG and Brass LNG (Nigeria), Angola LNG (Angola) and Segas LNG (Egypt).

In Angola, eni has been present since 1980, in 2012 eni equity production was about 87,000 boe/day. In December 2007,eni attained a 13.6% stake in the Angola LNG Ltd Consortium responsible for the construction of an LNG plant in Soyo,350 kilometers North of Luanda.The plant is designed with a processing capacity of 1.1 bcf/dof natural gas and will produce 5.2 MTPA of LNG with relatedproducts. It envisages the development of about 10 Tcf of gasreserves in 30 years. Exports start-up is expected in 2013.

In Nigeria eni is one of the leading oil companies. eni has beenin Nigeria since 1962 when it began exploration in the deltaof the Niger River and, in 1973, eni began exploration activities withan agreement that included, for the first time in Nigeria, a clausefor the direct involvement of the Nigerian Government.In the oil and gas upstream, eni operates through its Nigerian subsidiaries, namely nigerian agip oil company ltd (naoc), agip energy & natural resources (Nigeria) ltd (aenr) and nigerian agip exploration ltd (nae). eni operates the NAOC JV with a 20% equity (Nigerian National Petroleum Corporation 60%, and ConocoPhillips 20% are the partners) and has a 5% interest in the SPDC JV operated by Shell.The NAOC JV production accounts for about 10% of Nigerias annual oil production. In 2012 enis total equity production was 55.4 million boe, equivalent of 154,000 boe/day. eni holds a 10.4% interestin Nigeria LNG and a 17% interest in Brass LNG.

| exploration & production | liquefaction | shipping | regasification | market


eni is also a major player in developing the oil, gas and power generation infrastructures in the country contributingto the valorization of Nigerias energy resources and givingits contribution to the Government Zero Gas Flaring Program.

In Egypt eni is the leading international operator. In 2012 enis hydrocarbon production accounted for about 30% of Egyptstotal annual hydrocarbon production. eni started operating in Egyptin 1955 when it made the first oil discovery, the Belayim onshore field in the Sinai region, in the Gulf of Suez. eni operates in the country through its subsidiaries, ieoc exploration bv, ieoc production bvand ieoc spa as well as its operating companies Petrobel and Agibawith 54 licenses (45 of which are operated) and 9 Exploration Permits(5 operated). The Development Leases and Exploration Concessions are located in three main areas: Sinai-Gulf of Suez, Western Desertand Nile Delta, Mediterranean Offshore. In 2012 enis total equity production was 84 million boe, equivalent to 235,000 boe/day.eni, through Union Fenosa Gas, holds 40% of Segas LNG. eni is also a participating stakeholder in the Natural Gas Liquids (NGL) facility in Port Said owned and operated by United Gas Derivatives Company (eni 33.33% interest) and owns 40% of Gastec, active in the Compressed Natural Gas (CNG) business for vehicles contributing to the development of the petrochemical and gas industry in the country.

In Mozambique, following the outstanding volume of natural gas discovered in the Area 4 block in the Northern deep offshore area (Rovuma Basin), a large scale gas development is foreseen, with the possibility to export to both regional and international marketsthrough LNG and to supply the domestic market. eni is the operatorof Offshore Area 4 with a 70% participating interest.Co-owners in the area are Galp Energia (10%), KOGAS (10%)and ENH (10%, carried through the exploration phase).The exploration success in Mozambique, confirmed by the appraisal wells, expands the leadership of eni in Africa and opens a new eastern front to its activities.


America

In the Americas eni has a presence in the US (Gulf of Mexicoand Alaska), Venezuela, Trinidad & Tobago, Ecuador and Brazil.

In Trinidad & Tobago eni holds a 17.3% interest in the North Coast Marine Area (NCMA). The gas produced is conveyed to the Atlantic LNG plant in Point Fortin.

In 2012 enis total equity production in Americas was 48.86 million boe equivalent to 135 kboe/d.

Asia Pacific

eni started diversifying its upstream portfolio in 2000 within Asiaand around the Pacific basin, the region with both the highest LNG demand and the largest potential emerging gas markets, such as China, India and Pakistan.

Today, eni has a significant exploration presence in Indonesia,where it is also a gas supplier to Bontang LNG through its interestin Vico. Vico (50% owned by eni) is the operator of the Sanga Sanga PSC, onshore in East Kalimantan and one of the main contributorsto Bontang. The plant supplies LNG to major customers in Japan, Korea and Taiwan. In total eni has a working interest in 13 PSCs, 11 as operator (including 2 by Vico). The core business areais the East Kalimantan offshore where eni has interests in 10 PSCs.

The main projects include the Indonesia Deepwater Development (IDD), covering 5 fields in the Kutei Basin area (enis interest 20%), the nearby Jangkrik development project operated by eniand the ongoing evaluation of CBM potential onshore.The IDD Plan of Development was approved by the authoritiesin 2008. The Jangkrik Plan of Development was similarly approvedin November 2011. In addition, the Jangkrik North East Planof Development, a joint development of Jangkrik main field, was also approved in January 2013.Gas production from these projects will be tied back to the East Kalimantan system and liquefied at Bontang LNG.enis total equity production in 2012 was 6.42 million boe equivalent to 17,544 boe/day.

In Australia eni has been present in exploration and production since 2000. eni participated in the development and productionof the Woollybutt offshore oil field (eni operator with a 65% interest) and has been producing gas from the Blacktip (eni 100%) offshore field since 2009. eni operates Block NT/P68, containing the Heron and Blackwood gas discoveries, and has acquired an interestin Block NT/P48, which includes the Evan Shoal gas discovery.

Beyond the exploration and production supporting existing LNG plants

or activities conducted in areas of possible LNG development projects,eni has also a strong position

in the North Sea and Kazakhstan.

In addition, eni participates in a further 6 exploration areasin Australia, 5 of which eni operates.

In the Timor Leste/Australia Joint Petroleum Development Area,eni has been producing oil from the Kitan offshore field(eni operator with a 40% interest) since 2011. eni holds a 10.99% interest in the Bayu-Undan integrated project, which includesthe Bayu-Undan field, the gas pipeline and Darwin LNG Pty Ltd.

enis total equity production in 2012 in Australia and Timor Lestewas approximately 13.4 million boe equivalent to 36,500 boe/day.

Middle East

Although not feeding any LNG plant with equity gas, in the Middle East eni has a strong presence in Iraq.

In 2010 eni entered Iraq to redevelop Zubair oilfield.Through Union Fenosa Gas, eni has an indirect participating interest in Qalhat LNG (Oman).

7



8

Nigeria LNG

The LNG plant is located in Bonny Island, Rivers State in the East Niger Delta and it currently has six trains in operation. Construction of the plant site (Base Project Trains 1&2) started in early 1996and by August 1999, one of the two trains started production with first commercial delivery early October 1999. The second train came on stream in February 2000. Train 3 came on stream in November 2002 with first commercial shipping in December 2002. With Train 3, NLNG had its first production of LPG in early 2003. NLNGPlus came on stream with its first train in November 2005 (Train 4), followed in February 2006 by Train 5. Train 6 came on stream in February 2008.

The entire complex has a producing capacity of about 22 MTPALNG and 4 MTPA of LPG and condensates. Feed-gas to the LNGplant is supplied from various concession areas in the Niger Delta under GSAs by TEPNL JV (Total operator), NAOC JV (eni operator)and SPDC JV (Shell operator) via dedicated gas transmission pipelines. LNG volumes are sold in international markets.Excess production volumes are sold on a spot basis.For the ex-ship deliveries of the LNG to the buyers, NLNG utilizes 24 large LNG carriers on integrated basis. Thirteen of them are fully owned by NLNGs subsidiary BGT, the remaining ones are third party owned LNG carriers, chartered under long-term agreements.NGL volumes are sold FOB.

enis activitieseni supplies natural gas to Nigeria LNG plant from operated blocks OML 60 and 61 (eni 20% interest) and from SPDC (eni 5% interest) the largest oil joint venture in the country. With the 6-train plantin full operation, eni supplies 7.6 MSCM/day of its equity naturalgas (48,600 boe/day). NLNG Ltd has long term LNG SPAs withthe NLNG shareholders and several European buyers. eni offtakes and directly markets 1.15 MTPA from Trains 4 & 5. eni has also signed an agreement to purchase 1.375 MTPA of LNG from the planned expansion Train 7.

Nigeria Liquefied Natural Gas Ltd is jointly owned by NNPC, Shell, Total and eni.It was incorporated as a limited liability company on May 17, 1989 to utilize Nigerias vast natural gas resources and produce LNG for export. The company has a wholly owned subsidiary, Bonny Gas Transport Limited (BGT), which provides shipping capacity to NLNG. BGT was established on December 10, 1989.A ship manning subsidiary NLNG Ship Manning Limited (NSML) was incorporated on October 9, 2008. NSML provides shipboard personnel and crewing services to LNG vessels chartered by NLNG.

PlantCapacity

3x3.3 MTPA NLNG & Expl.2x4.10 MTPA NLNG & Plus.1x4.10 MTPA NLNG & Six.

Process APCI

4 LNG Tanks for total 336,800 m3

4 LPG Tanks for total 260,000 m3

3 Condensate Tanks

for total 120,000 m3

Nigeria LNG Ltd

15.00%

Total

10.40%

eni

25.60%

Shell

49.00%

NNPC


Brass LNG

The LNG plant is planned to be built near the existing Brass Oil terminal operated by eni on the Nigerian coast about 100 km west of Bonny. The plant will be supplied with 48 MSCM/day of natural gas (40% from eni operated blocks in swamp and land areas). The primary FEED studies were concluded in 2005 with further optimization in 2006.

The EPC tendering process is in progress, the FID is expectedto be taken by the end of the year 2013. The facility is targetedto be in operation by 2018. Brass LNG has negotiated preliminary longterm LNG Sales and Purchase Agreements with the Brass LNG Ltd shareholders and NNPCs possible Strategic Investors.

enis activitieseni will supply natural gas to Brass LNG plant from operated blocks OML 60, 61, 62 and 63 (eni 20% interest) and from other blocks operated under PSC or Service Contract. eni has negotiated an agreement to purchase LNG from Brass LNG for direct commercialization on the final markets.

Brass LNG Ltd, incorporatedon December 9, 2003,is owned by NNPC, eni, Total,and ConocoPhillips. Brass LNG was set up to construct and operate a LNG plant on the island of Brass, Bayelsa State,in Nigerias Central Niger Delta.

PlantCapacity

2x5 MTPA

Process Optimized Cascade

LNG Storage 2x185,000 m3

LPG Storage Facilities

2x110,000 m3

NGL Storage Facilities

1x500,000 m3

Brass LNG Ltd

17.00%

Total

17.00%

eni

17.00%

Conoco Philips

49.00%

NNPC

1010

Angola LNG

The Angola LNG plant construction has been completed and currently starting-up. The LNG plant will process the associated gas produced by blocks 0/14, 15, 17, 18, 31 and 32 and the non-associated gas already identified (Quiluma fields).The shareholders have formed a marketing services providerin London, denominated Angola LNG Marketing Limited, whichunder the terms of a Marketing Service Agreement will be responsiblefor marketing all LNG from the Angola LNG Plant in Soyo to markets other than the Gulf terminal at Pascagoula. The shipping requirements for the LNG will be met by Charter Agreement with ALNG Supply Service (ALSS) Company, also owned by the same Group Shareholders with interest in ALNG. First LNG is targetedfor second quarter 2013.

In addition, the project facilities will produce during the next30 years approximately 50,000 barrels per day of LPGand condensate products.The LPG and condensate will be sold for export except for the butane produced that will be sold for domestic market consumption.

enis activitieseni has been operating in Angola since 1980 in the upstream sector, through four subsidiaries: eni angola production bv; eni angola exploration bv; eni angola spa; eni west africa spa.In 2012 enis oil production reached the level of about 88 ,000 boe/day accounting for roughly 6% of the countrys total production.The company has working interests in 10 upstream areas, mostof them in conventional and deep offshore. A consortium has been established with the State company and other partners which will explore further potential gas discoveries (Gas Project) to supportthe feasibility of a second LNG train or other alternative projectsto monetize the gas and associated liquids. eni is technical partner with a 20% interest; other partners are Sonangol (40%-operator),Gas Natural (20%), Galp (10%) and Exem Energy B.V. (10%).

Angola LNG Ltd was incorporated in 2005 and took FID in December 2007. Its shareholders are Sonangol, Chevron, BP, eni, and Total. Angola LNG has been set up to construct and operate an LNG plant on the Northern coast of Angola, in Soyo, Zaire province.The Angola LNG Project is an integrated gas utilization project. Project Scope consists of an onshore nominal 5.2 MTPA LNG processing plant with marine terminal and loading facilities, a near shore gas supply pipeline network, and associated gas pipelines.

PlantCapacity

5.2 MTPA

Process Optimized Cascade

LNG Storage 2x160,000 m3

LPG and Condensates Storage Facilities

Propane Tank 88,000 m3

Butane Tank 59,000 m3

Condensated Tank 108,000 m3

First cargo 2nd quarter of 2012

Angola LNG Ltd

13.60%

BP

36.40%

Chevron

22.80%

Sonangol

13.60%

eni

13.60%

Total


11

Mozambique - Area 4 LNG development

eni entered Mozambique in 2006, with the signatureof the Exploration and Production Concession Contract (EPCC)for the Area 4 offshore of the Rovuma Block. eni is the Operatorof the Area 4 block.

Exploration and appraisal activities in the Area 4 block areongoing, also with the utilization of enis proprietary technologiesand techniques respectively for seismic imaging and drilling.

As of March 2013, these activities have led to discoveries withpotential of 75 Tcf of gas in place confirmed in Area 4, of which27 Tcf exclusively located in Area 4 and 48 Tcf located in Area 4but part of common resources straddling in the Area 1 block, operated by an affiliate of Anadarko Petroleum Corporation. Consideringthe magnitude of such resources, a development through LNG facilities is envisaged.

In December 2012, eni, as operator of Area 4, signed an Headsof Agreement (HOA) with Anadarko Petroleum Corporation, as operator of Area 1, establishing foundational principles for the coordinated development of common natural gas reservoirsin the offshore Mozambique.

The HOA foresees separate yet coordinated upstream development of the common gas resources spanning both Area 4 and Area 1, and joint planning and construction of common onshore LNG liquefaction trains and facilities in the Cabo Delgado Provinceof Northern Mozambique.


Kogas10%

ENH10%

Galp10%

eni70%

Area 4 block

The EPCC for the Area 4 offshoreof the Rovuma Block is a production sharing contract between the Government of Mozambique(the first party) and the Concessionaire (the second party) including affiliates of: eni (the Operator); Empresa Nacional de Hidrocarbonetos (ENH); Korea Gas Corporation (Kogas); Galp Energia (Galp).

12


12

Segas LNG plant

The LNG plant is located in the North West of Damietta Porton the Mediterranean Sea. The LNG facility was brought on-streamin December 2004. The first cargo departed from Damietta on January 20, 2005 to reach the re-gasification facility at Huelva, Spain.

The LNG plant operates according to a tolling schemethat processes the feed gas coming from the national grid.The tollers are: UFG (58.2%) and EGAS (41.8%). eni, through its fully owned affiliate ieoc, is a major gas supplier to the Egyptian national grid and, in 2009 a new Gas Sales Agreement was signed with EGASand EGPC in order to supply Damietta Train 1 with 310 MMSCFD from Temsah and Ras El Barr Concessions. In 2012, around1,700 MSCM of gas were processed by Damietta Train 1.

The Spanish Egyptian Gas Co. (SEGAS) has been establishedin 2001 with the purposeof owning and operating the LNG plant in Damietta, Egypt.SEGAS is owned by Union Fenosa Gas 80% (UFG: eni 50%, Gas Natural Fenosa 50%), EGAS 10% and EGPC 10%.

PlantCapacity

5.0 MTPA

Process APCI

LNG StorageTanks

2x150,000 m3

Segas

80.00%

Union Fenosa Gas

10.00%

EGAS

10.00%

EGPC

13


Trinidad & Tobago

eni participates in Trinidad and Tobago through its equity in the North Coast Marine Area (NCMA) fields which supply gas to Atlantic LNG (ALNG). eni has a 17.3% interest in the NCMA Area operated by BG and including the fields Hibiscus, Ixora, Poinsetia and Chaconia. The gas feeds the Trains 2, 3 and 4 of the liquefaction plant andis delivered in Point Fortin through a 24 inch diameter, 107 kmexport pipeline. In 2012 eni supplied 605 MSCM of its equity gas. Train 2 came on stream in August 2002, Train 3 in April 2003and Train 4 in 2006. Total liquefaction capacity (including Train 1)is 14.8 MTPA. Equity in ALNG is held by BP, BG, Repsol, SummerSoca LNG Liquefaction and NGC. eni entitlement to LNG is 5%of the output of Trains 2 and 3. The volumes are marketed jointlywith the other NCMA partners entitlement through Point FortinLNG Exports Ltd. The US market is the contractual destination allowing for diversions to both the Atlantic and the Pacific basins.

Qalhat LNG SAOC was incorporated in 2003.The shareholders are: the Government of Oman, Oman LNG, Union Fenosa Gas (50% owned by eni), Osaka Gas, Mitsubishi, and Itochu.

PlantCapacity

37 MTPA

Process APCI

LNG StorageTanks

2x120,000 m3 (*)* share with Oman LNG

Qalhat LNG SAOC

3.00%

Mitsubishi

3.00%

Osaka Gas

7.36%

Union Fenosa Gas

3.00%

Itochu 46.84%

Oman Gov.

36.80%

Oman LNG

Qalhat LNG

The Qalhat LNG liquefaction plant is located at Qalhat in Sur, adjacent to the Oman LNG plant. The train, a debottleneckedversion of trains 1 and 2 of Oman LNG, produced and shippedits first cargo in December 2005. The two storage tanks, the jetty and the berth for loading LNG are shared with OmanLNG which is also the operator of the plant. The Governmentof Oman sells the feed gas to Qalhat LNG at the plant gate.

14


The Bontang LNG Project resulted from the discovery of the giant Badak Field by Hufco and Pertamina in East Kalimantan in February 1972. PT Badak NGL was established on November 26, 1974 as a not for profit company to operate and maintain the Bontang LNG Plant. Today, PT Badak NGL still successfully operates Bontang with a management committee comprising the following shareholders: Pertamina 55%, Vico 20% (50% owned by eni), Jilco 15% and Total 10%.The Bontang LNG plant is a vital asset within the Indonesian LNG business chain with over 35 years experience of safely producing and shipping LNGto the Asian market.

PlantCapacity

22.25 MTPA

Process APCI

LNG StorageCapacity

630,000 m3 (6 tanks)

LPG Storage Capacity

200,000 m3 (5 tanks)

Bontang LNG

Indonesia - Bontang

eni is involved in Indonesian LNG through its combined participation in Sanga Sanga PSC, comprising ownership of Vico (50% eni,50% BP), the operator of the PSC, and Lasmo Sanga Sanga plc, a major equity holder. The Sanga Sanga fields supply gas to the Bontang facilities through the East Kalimantan System.

eni is also operator of the offshore Jangkrik discovery in Muara Bakau PSC (eni 55%) and a co-venturer with Chevron in the Indonesia Deepwater Development in the Rapak and Ganal PSCs (eni 20%). Gas from both projects will be liquefied and shipped from Bontang.In addition, eni participates in the Sanga Sanga CBM joint venture, which aims to be the first CBM to LNG project in the world, again through the Bontang plant.

In 2012 eni supplied 678 MSCM of feedgas to the liquefaction plant. The plant, owned by the government of Indonesia, has 8 liquefaction trains (Trains A-H) with 22.25 MTPA of liquefaction capacityand 6 LNG storage tanks with a total capacity of 630,000 m3.Trains A and B started commercial operations in 1977, Train Hwas completed in 1999.

15

Bayu-Undan integrated project

The Darwin LNG Plant is located at Wickham Point near Darwin, Northern Territory, Australia. The Bayu-Undan field, comprising two licence areas JPDA 03-12 and JPDA 03-13, is located in the central Timor Sea approximately 500 kilometres north west of Darwin, Australia and about 250 kilometres south of Suai in Timor Leste.

Condensate and LPGs are extracted from the gas streamand exported from an FSO in the Joint Petroleum Development Area (JPDA) in the Timor Sea while the dry gas supplies the Darwin LNG plant via a 500 km, 26 subsea pipeline.eni has a 10.99% interest in the unitized Bayu-Undan field, a 10.99% in the Bayu-Darwin gas pipeline and a 10.99% share in Darwin LNG Pty Ltd, the company that owns the LNG plant. In 2012 eni supplied 369 MSCM of its equity gas. ConocoPhillips operates the upstream facilities, the pipeline and manages the LNG Plant.

Darwin LNG Pty Ltd is owned by ConocoPhillips, eni, Santos, INPEX, Tokyo Electric and Tokyo Gas. The company was set up to construct and operate an LNG plant near Darwin of Darwin, Australia. The first LNG shipment from Darwin LNG plant occurred early February 2006. LNG sales will continue, pursuant to a SPA, to Tokyo Electric and Tokyo Gas.

57.15%

Conoco Philips

9.20%

Tokyo Gas/Tokyo Electric

11.27%

INPEX

11.40%

Santos

10.99%

eni

PlantCapacity

3.52 MTPA

Process ConocoPhillips Optimized Cascade

LNG StorageTanks

188,000 m3 work capacity

Darwin LNG Pty Ltd


The Bayu-Undan surface facilities include: a Central Production Processing Complex comprising two platforms: - the Drilling, Production and Processing Platform - the Compression Utilities and Quarters Platform an unmanned Wellhead Platform a Floating Storage and Offloading Facility

16

LNG shippingIn addition, lng shipping in 2012 has chartered Stena Crystal Sky (173,000 m) and Golar Maria (145.000 m) on mid term basis,and other 6 vessels on spot basis.

lng shipping also plays an important role in supporting eni in LNG shipping and business activities as well as in the development of LNG projects.


lng shipping spa is a company fully owned by eni, established in 2001, to operate in the sector of LNG marine transportation. It exercises, in Italy and overseas, shipping activities with vessels of different size and tonnage, whether owned or chartered.

The company currently owns 3 LNG Vessels: two 65,000 m capacity (LNG Portovenere and LNG Lerici) and one 130,000 m capacity (Methania).

17

To secure long term market access in a highly competitive environment, eni has acquired regasification capacity in valuable market entry points. The acquisition of additional regasification capacity and investment opportunities in the sector are also under consideration.eni has enhanced business directly in Belgium through Zeebruggeand in Italy through Panigaglia, and indirectly in the European area through an equity stake in Union Fenosa Gas (eni 50%) and Galp Energia (eni 24.34%) to gain access to the Iberian Peninsula LNG market. Union Fenosa Gas has a major stake and capacity rightsin the El Ferrol and Sagunto terminals and capacity rights in the Huelva and Cartagena terminals in Spain. Galp Energia utilises available

regasification capacity at the Sines terminal owned and operatedby REN Atlantico. eni benefits from regasification capacityat Zeebrugge to increase its position in Centre North European gas market area. In the US area eni has a long term entitlement in the Cameron terminal located at Cameron Parish (Louisiana). The terminal provides access the liquid Gulf of Mexico gas market and with the possibility to reload facilitates LNG arbitrage. Moreover, in the framework of Angola LNG Project, eni reserved long term capacity rights at the Pascagoula regas terminal (Mississippi) which commenced operations in October 2011. In 2012 enis total regasification capacity amounts to 21.1 BCM.


regasification

18

Italy - Panigaglia

In 2012, eni capacity rights in Panigaglia terminal amountedto 0.17 MTPA.The Panigaglia regasification terminal (located in the Gulfof La Spezia) was built in the late 60s and revamped in 1997.Gnl Italia SpA, which owns and manages the plant, was incorporated on July 27, 2001 and is entirely controlled by Snam SpA(20% owned by eni). Spare capacity is sold on spot basis.The terminal is connected to the Italian national gas grid.

Northern Europe

From 2008 eni has access to Belgium strengthening its positionin a key area of the Centre Northern Europe.

ZeebruggeThe Zeebrugge terminal, which began operations in 1987,serves as a gateway to supply LNG into Northwestern Europe.It is a versatile infrastructure as LNG ships, Q-Flex ships and smaller ships, can be both unloaded and loaded at the LNG terminal.

Location Port of Zeebrugge (Belgium)

Start up 1987

Owner 89.97% Fluxys, 10.03% Public

Operator Fluxys LNG

eni Capacity Rights

2.0 MTPA

Send outCapacity

7 MTPA

LNG StorageTanks

3x80,000 m3 + 1x140,000 m3

Max Ship Size 217,000 m3

Zeebrugge

Location La Spezia

Start up 1969

Owner Gnl Italia

Operator Gnl Italia

eni Capacity Rights

0.17 MTPA

Send outCapacity

2.8 MTPA

LNG StorageTanks

2x50,000 m3


Italy - Panigaglia


Mediatheek Fluxys, Ph. E. M

anderlier

19

Iberian Peninsula

Through its 50% equity stake in Union Fenosa Gas and 24.34%in Galp Energia, eni has access to the Iberian Peninsula gas markets.

Union Fenosa Gas has a major stake in the El Ferrol and Sagunto regasification terminals and capacity rights in the Huelvaand Cartagena terminals in Spain.


Location Mugardos - La Corua (Spain)

Start up 2007

Owner 21% Gasifica (90% UFG, 10% GNF), 10% Sonatrach, 15% First State (Commonwealth Bank), 17.5% Xunta Galicia (Regional Government),36.5% Tojera Group

Operator Reganosa

eni Capacity Rights 0.4 MTPA UFG

Send out Capacity 2.6 MTPA

LNG Storage Tanks 2x150,000 m3


El Ferrol

Location Extension of Sagunto Port Northof Valencia (Spain)

Start up 2006

Owner 50% Infraestructuras de Gas (85% UFG, 15% Oman Oil Holdings Spain), 50% Iniciativas de Gas (60% Infrastructure Arzak - RREEF, 40% Osaka Gas UK)

Operator SAGGAS

eni Capacity Rights 1.1 MTPA UFG

Send out Capacity 6.3 MTPA

LNG Storage Tanks 3x150,000 m3


Sagunto

Location South of Lisbon(Portugal)

Start up 2003

Owner REN Atlantico terminalde GNL S.A.

Operator REN Atlantico terminalde GNL S.A.

eni Capacity Rights 2.5 MTPA Galp Gas Natural

Send out Capacity 6 MTPA

LNG Storage Tanks 3x120,000 m3 + 1x150,000 m3


Sines

20

Location Louisiana (USA)

Start up 2009

Owner Sempra

Operator Sempra

eni Capacity Rights

4 MTPA

Send outCapacity

11.0 MTPA

LNG StorageTanks

480,000 m3


Location Mississippi (USA)

Start up September 2011

Gulf LNG Partner

50% Kinder Morgan, 40% General Electric,10% Lightfoot Capital

eni Capacity Rights

5 MTPA

Send outCapacity

9.8 MTPA

LNG StorageTanks

2x160,000 m3


A-LNG Supply Services Capacity Right

5.6 MTPA

USA - Cameron

USA - Pascagoula


USA Cameron

The Cameron LNG terminal is situated 18 miles from the Gulfof Mexico along the Calcasieu Channel in Hackberry, Lousiana. The terminal with the capacity to regasify up to 11 MTPA of LNGhas 2 berths capable of accepting tankers up to 217,000 m3

and 3 x 160,000 m3 LNG storage tanks. The 36-inch Cameron Interstate pipeline from the terminal tailgate offers accessto a number of liquid markets with interconnections to the FGT, Tennessee, TETCO and Transcontinental Interstate pipelinesand nearby gas storage facilities.

The terminal commenced commercial operations in July 2009,and eni retains rights to 1/3 of the terminal capacity undera 20 year contract.

eni is supporting the process of conversion of the terminalinto a bi-directional facility.

USA Pascagoula

In December 2007 eni acquired a 13.6% equity stake in Angola LNG Project and consequently, through Angola LNG Supply Services, assured capacity rights at the Pascagoula receiving terminalfor 0.8 MTPA. Moreover, eni reserved additional regas capacity rights for 4.2 MTPA on a long-term basis. The terminal commenced commercial operations in October 2011 and is operated by El Paso (50% equity owner in the Gulf LNG Energy project). The terminal has a berth able to receive LNG tankers up to 250,000 m3 and is capable of vaporizing and sending out 1,300 mmcfd (9,8 MTPA).

Additionally, there are 2 x 160.000 m3 LNG storage tanks anda 5-mile (36-inch) header pipeline linking the terminal to the Destin and Gulfstream pipelines, a gas processing plant, and also via a lateral the Transco & FGT Interstate pipelines. eni is currently supportingthe process of conversion of the terminal into a bi-directional facility.

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eni has developed a fully integrated worldwide LNG strategyby expanding its downstream presence in key LNG markets.The LNG is purchased under long-term supply contracts fromNigeria, Algeria and Qatar, providing 6.5 BCM of LNG per annum. The LNG Team is charged with the sale and marketing of this volumeinto the international LNG market.

The portfolio is commercialised using a mix of long, mediumand short term sales contracts, on both a DES and FOB basis. eni maximises the value of its LNG through each stage of the value chain. Through the use of supply contract flexibility, the management of its vessel fleet, a portfolio of regasification capacity, cargo reloadings and cargo diversions, eni is able to reach premium LNG markets.


In 2012, eni continued to operate in the Atlantic Basin, deliveringLNG into Continental Europe and enhanced his presence in South America and in the Far East market with Mid Term agreementsand with spot sales.

In 2012, eni managed the delivery of approximately 120 LNG cargoes around the globe, delivering over 6 BCM in eight different countries.

marketing and trade

eniPiazzale Enrico Mattei, 100144 Roma - Italyeni.com

eni exploration & production divisionVia Emilia, 120097 San Donato Milanese (MI) - Italyeni.com

eni gas & power divisionPiazza Ezio Vanoni, 120097 San Donato Milanese (MI) - Italyeni.com

lng shippingPiazza Ezio Vanoni, 120097 San Donato Milanese (MI) - Italylngshipping.it

Gnl ItaliaPanigaglia regas terminalLocalit Panigaglia19020 Fezzano (SP) - Italygnlitalia.it

eni trading & shipping123 Buckingham Palace Rd.London SW1W 9SL - Englandeni.com

NIGERIA LNG

nlng.com

BRASS LNG

brasslng.com

DARWIN LNG

darwinlng.com

ANGOLA LNG

angolalng.com

QALHAT LNG

qalhatlng.com

BONTANG LNG

badaklng.co.id

DARWIN

PASCAGOULA

Mediatheek Fluxys, Ph. E. Manderlier

SINES HUELVA EL FERROL SAGUNTO CARTAGENA PANIGAGLIACAMERON ZEEBRUGGE

ATLANTIC LNG NIGERIA LNG ANGOLA LNG SEGAS LNG MOZAMBIQUE QALHAT LNG BONTANGBRASS LNG DARWIN LNG

eni spaPiazzale Enrico Mattei, 100144 Rome - ItalyPh.: +39.06.598.21; Fax: +39.06.598.221.41eni.com

Since 2010 eni has been communicating with young talents from all over the world in various disciplines. The cover art for this brochure

was created by Riccardo Guasco, a young Italian illustrator, cartoonist and painter.

enis activitiesexploration & productioneni explores, develops and produces oil and natural gas mainly in Italy, Norway, North and West Africa, the North Sea, the United States, Latin America, Australia and in high potential areas suchas Mozambique, the Caspian Sea, the Middle and Far East, Kenya, Liberia, Vietnam, Cyprus,and Russia. In 2012 hydrocarbon production averaged the level of 1.701 million boe/day.Net proved reserves at December 2012 amounted to 7.17 billion boe.

gas & powereni operates in natural gas supply, regasification, transport, trading and marketing, power generation and electricity sales. In 2012 overall sales amounted to 95.32 billion cubic metersof natural gas and 42.58 terawatthours of electricity.

refining & marketingeni operates in oil product refining and marketing mainly in Italy and Europe.With the eni/agip brand, it is the Italian market leader in the distribution sector.In 2012 retail sales in Europe of refined products totalled 10.87 million tonnes.In the same period, refining throughputs were 30.01 million tons.

engineering & constructionsaipem (42.9% owned by eni) is a leader in the provision of engineering, procurement,project management and construction services for the oil & gas industry, with unique capabilities in designing and executing large scale offshore and onshore projects. saipem has extensive expertise in operating in conventional and deep offshore as well as in remote areas.Order backlog was 19,739 million at December 31, 2012.

chemicals versalis (eni 100%) operates in the production and sale of a wide portfolio of chemical products and holds a significant market share in Europe where it has state-of-the-art plants all equipped with innovative technology. It also boasts an efficient distribution network worldwide.In 2012 production amounted to 6,090 ktonnes.

trading & shipping eni operates in integrated commodity risk management, supply, shipping and asset backedtrading activities. Through the optimization & trading business unit and its wholly-ownedsubsidiary eni trading & shipping (ets) spa, eni is fully targeting the entire spectrum of energy commodities, such as crudes, refined products, natural gas, power and environmental products.In 2012 ets traded more than 600 Mboe of crude and products and more than 100 BCM of gas.

eni is a major integrated energy company, committed to growth in the activities of finding, producing, transporting, transforming and marketing oil and gas. The company has global operationsin 90 countries and employs about 78 thousand people.

enis strong presence in the gas marketand in the liquefaction of natural gas, consolidated skills in the power generation and refinery activities, strengthened by world class skills in engineeringand project management, allow the companyto catch opportunities in the market and to realize integrated projects.

enis business model for the creation of sustainable value is founded on a consolidated operating modelin a framework of clear rules of governance using the highest ethical standards and rigorous enterprise risk management.

When implementing its strategy and runningits day-to-day operations, enis efforts are inspired by these key drivers: cooperation, integration, innovation, excellence, inclusion, responsibility.

In 2012 eni confirmed its presence in the Dow Jones Sustainability Indices and in the FTSE4Good index. Furthermore, eni joined also the Carbon Performance Leadership Index in 2012 as the only company from the energy sector.

Mozambique area 4 block LNG.pdf

Documents

Transcript of Mozambique area 4 block LNG.pdf