Hegh LNG The Floating LNG Service Provider

LNG Terminal FSRU Independence

Klaipeda 25th April
Agenda

Hegh LNG - The Company

Why a Floating LNG import terminal?

Klaipeda FSRU

Latest FSRU Technology

What Hegh LNG offers

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Agenda

Hegh LNG - The Company

Why a Floating LNG import terminal?

Klaipeda FSRU

Latest FSRU Technology

What Hegh LNG offers

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Hegh LNG and sister companies

Hegh Autoliners Hegh LNG

Non-shipping activities
Asset Management/Financial Services
Financial Investments
Real estate
Media
Other assets

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Hegh LNG A fully integrated floating LNG service provider

Exploration Production Shipping Regasification Distribution

FLNG LNG carriers LNG regasification vessels

Proprietary FLNG design 4 standard carriers in operation 2 regasification vessels in operation

Several FLNG pre-feed 4 FSRUs on order, of which 2 with long-term employment secured
contracts both completed and
Rolling options for additional FSRUs
under execution
1 conversion candidate (LNG Libra)

LNG: Liquefied Natural Gas

SRV: Shuttle and Regasification Vessel
5 FSRU: Floating Storage and Regasification Unit
Hegh LNG Existing fleet

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Around 30 FSRU regasification projects in pipeline

Owner Vessels Customers*

Hegh LNG 2+3 GDF Suez, Perusahaan

Gas Negara, Klaipedos
Nafta

Golar LNG 4+2 Petrobras (2), Pertamina,

Dubai Power Authority

Excelerate 8+1 YPF (2), Kuwait Oil

Corporation, Petrobras,
PREPA, Israel Electric
Corporation
* Projects in operation or awarded

Around 30 projects in pipeline

16 projects in Asia/Middle East
6 projects in South America
Existing
Under construction / awarded 1 project in North America
Potential
8 projects in Europe/Africa
HLNG has several bids in process

Source: Hegh LNG

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 A decade of floating regasification developments
1st Phase
LNG regasification vessels
Shuttle service - steady supply
to a downstream market /
serving various markets in
parallel
Relatively low storage
Offshore disconnectable turret-
moored terminals
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2nd Phase
Conversion FSRU
Permanently located
Schedule and cost driven
LNG supply from LNG carriers
Vintage tonnage
Relatively low storage and
buffer
Relatively high opex
Now
Newbuild FSRU
Permanent or semi-permanent
Attractive capex, opex and
schedule
Main LNG supply from LNGCs
Energy efficient
Large storage
Project specific mooring
Agenda

Hegh LNG - The Company

Why a Floating LNG import terminal?

Klaipeda FSRU

Latest FSRU Technology

What Hegh LNG offers

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What is a Floating LNG Terminal?

A Floating Storage and Regasification Unit is permanently moored close to the market

1. Project specific mooring solution

Some other mooring examples:

Offshore mooring

Double-berth jetty

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What is a Floating LNG Terminal?

An LNG carrier approaches the FSRU to bring a new cargo

The FSRU is compatible with the

2. world LNG carrier fleet
Typically, LNGCs of 80,000 to
170,000 cbm will be used
Both Moss and Membrane type
LNGCs are compatible

Full feasibility to discharge LNG

from the FSRU to
LNG bunker vessels,
short-sea LNG shipping,
road trucks

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What is a Floating LNG Terminal?

The LNG is transferred from the LNG carrier to the FSRU

LNG transfer can be done ship-to-

3.
1. ship or across a berth with loading
arms or flexible hoses

Flexible hoses

Across a berth

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What is a Floating LNG Terminal?

The FSRU continuously regasifies the LNG and sends high-pressure natural gas to shore

Onboard regasification of LNG

4. Output from 1 to 10 bcm p.a., but
typically 3-5 bcm p.a.
Multiple seawater pumps provide
the heat to warm the LNG; steam
heat may replace or supplement
the seawater heating
A modular and skid-based design
Proven systems and components
High reliability

Regas skids

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Floating regas: cost effective, quick and flexible solution
Floating regas (FSRU)
Low cost
Short lead time (2-3 years)
Low upfront capital requirements due to a
lease structure
Limited regulatory issues (Nb. offshore)
Flexible and scalable
Unit deployed offshore or close to shore
Moveable or even used as LNG carrier
Flexible for shorter terms
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Onshore import terminal
High cost
Long lead time (3-5 years)
Significant upfront investment capital
needed
Complex regulatory approval processes
Limited flexibility and scalability
Requires large tracts of land
Fixed location
Intended for long-term use
* Based on throughput capacity of 350-1,000 mmcfpd with a
construction cost of approx. USD 1 billion per 1 bcfpd
Agenda

Hegh LNG - The Company

Why a Floating LNG import terminal?

Klaipeda FSRU

Latest FSRU Technology

What Hegh LNG offers

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Klaipeda FSRU - Location and Particulars

Final agreement signed March 2012 with Ship Class with extended dry-docking
AB Klaipedos Nafta
Jetty moored, with STS loading of LNG
Newbuild FSRU to be located in the
FSRU with full trading capability (18kn)
harbour of Klaipeda, Lithuania for 10 years
Start-up Q3 2014
4 regas trains providing 128mmscfd each
FSRU is under construction
Redundancy (n+1)
Open & closed loop
Klaipeda City

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Hegh FSRU under construction at HHI

Main Dimensions:
Length, overall: 294,0 m.
Breadht, moulded: 46,0 m.
Depth, moulded: 26,0 m.
Draught, design: 11,6 m.

Capacity: 170.000 m3

Displacement:
Normal Ballast: 92 899 tons
Fully loaded 116 973 tons

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Agenda

Hegh LNG - The Company

Why a Floating LNG import terminal?

Klaipeda FSRU

Latest FSRU Technology

What Hegh LNG offers

18
General Arrangement

Regas located aft of midship HP gas export Filter and steam skid
Regas module (skids, suction Gas metering Top filling in tank no 1.
drum) Offshore rated Knuckle Boom
HP vent mast service crane

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Cargo Tanks with equipment

Cargo Tanks: GTT Reinforced Mark III

One tank can be gas free and inspected while the remaining tanks are in operation
Higher tank pressure: 70 kPa
Cargo pumps capacity sized for regas operation
Regas Feed Pump is retractable

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Hull and Accommodation

Hull
Standard LNG carrier hull design to accommodate world-wide trading and ship/shore
compatibility at world-wide LNG terminals
Hull designed for maximum loads in North Atlantic condition and 40 years fatigue design for
world-wide operation
Coating design for 20 years lifetime without dry-dock

Accommodation
Accommodation is sized for a complement of 38 crewmembers + 6 Suez Personell
The CCR (Cargo Control Room) is on C-deck (including regas mode monitoring and control)

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Electric Power Generation

Power generation with DF generators

Wrtsil-HHI dual-fuel engines
3x 8L50DF (7 530 kW alternator)
1x 6L50DF (5 650 kW alternator)
Multiple engines ensures high overall efficiency at all loads
(standby, start-up at demand)
Fuel: Diesel or BOG with pilot fuel (MDO/MGO)
IMO Tier III compliant when running on gas without
secondary exhaust gas purification systems
Proven technology. Outfitted in over 100 LNG Carriers*

Propulsion
DFDE dual fuel diesel electric propulsion
Max propulsion power: 20 000 kW x 76 RPM
18 knots cruising speed

*Figures from 2012. Source: http://www.wartsila.com/en/press-

22 releases/wartsila-dual-fuel-technology-now-the-choice-of-100-lng-
carriers
Regasification Technology

Open/Closed/Combined Loop System

Intermediate Propane circuit in between seawater and LNG for minimizing freezing risks
Modular design with the required pumps, motors, heat exchangers, instrumentation and
control systems to provide the required capacity, and interconnecting piping between the
trains
4 regasification trains, each with capacity of 128 MMscfd
N+1 Configuration
Min. Seawater Temperature: 11.4C
for open loop.
Annual Availability: 98% (N+1)

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FSRU Construction Dry Dock Phase

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FSRU Construction Outfitting Phase

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Hegh LNG Movie

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Hegh LNG Summary

Service provider with a focus on quality and with

a long-term perspective

A leading company in floating regasification

o Complete project developments
o Innovation and development of technical
solutions
o Initiation, development, execution and
operations

Most advanced newbuilding FSRUs; offering low

cost, high efficiency, short schedule and
adaptability

Owner and operator of vessels, but open to a

variety of commercial structures or partnerships

Continuing focus on technical developments to

enhance availability, improve efficiency and
reduce costs

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 Thank you for your attention!

www.hoeghlng.com

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