NGCOverview

Presentation

Trinidad and Tobago

Trinidad and Tobago at a Glance

History/Geography

Christopher Columbus landed in Trinidad in 1498Trinidad and Tobago enjoined in 1889Independence from Britain – 31st August 1962Republican status 24th September 1976

Trinidad and Tobago at a Glance

Politics/Economy

Stable democracyPresident as Head of State with Prime Minister as Head of GovernmentCurrency – TT$, managed float against the USDMember of Caribbean Community (Caricom), Association of Caribbean States (ACS) and Organisation of American States (OAS)

Trinidad and Tobago at a Glance

Official Name: Republic of Trinidad and Tobago

Location: 110 N, 610 W

Area: 5,128 sq. km (1,980 sq. miles)

Population: 1.3 million

Language: English

Currency: TT Dollar (US$1 = TT$6.40)

Economic Activity:

Energy, Manufacturing and Tourism Based

Political System Democratic Republic

Key Economic Indicators

Source: Central Bank of Trinidad and Tobago (May 2013)

GDP (2012) US$23,986 Mn

GDP per capita (2012) US$18,000

Real GDP growth* (2012) 0.2%

Inflation (Qtr.1 2013) 6.7%

Unemployment (Qtr. 2 2012) 4.9%

Net Foreign Reserves (Apr. 29, 2013) US$9,278.4 Mn

Exports* (2012) US$12,983.4 Mn

Imports* (2012) US$ 9,065.0 Mn

*Provisional figures based on estimated data

Trinidad & Tobago’s Gas Sector

Global Natural Gas Player

Ammonia: #1 exporter in 2011

4.58 million tonnes

Methanol: #1 exporter in 2011

4.95 million metric tonnes

LNG: #1 exporter to US (37%)

Despite…Small natural gas reserves:

0.2% world reserves13.257 Tcf (1P at end of 2011)R/P Ratio: 9.7 yearsProduced 1.37 Tcf in 2011

Points to Note

Location advantage100+ years commercial hydrocarbon productionAvailability of developed infrastructure i.e Power, industrial estates, pipeline infrastructure

Energy Sector Contribution

Sector accounts for 35.7% GDP 52.3% total revenue83.5% total exports3.3% total employment

2011 Total: 3.8 Bcf/d

Growth in T&T Natural Gas Utilization

Overview of Energy Industry2012

Crude Oil and Condensate Production

82,000 bpd

Oil Refining Output (capacity) 160,000 bpd

Natural Gas Production (capacity)

4.4 bcf/d

LNG Production (capacity) 15 MM tonnes

NGL Production (capacity) 70,000 bpd

3P Gas Reserves 25.5 TCF

3P Oil Reserves 570 Mn barrels

Natural Gas Based Production2013

(capacity)Methanol Production 6.5 MM tonnes

Ammonia Production 5.6 MM tonnes

Urea 1.3 MM tonnesNitric Acid 495 K tonnesAmmonium Nitrate 630 K tonnes

UAN 1.5 MM tonnes

Melamine 60 K tonnes

Urea Formaldehyde 12 K tonnesIron and Steel 4.7 MM tonnes

T&T Natural Gas Value Chain

Major Players in the T&T Energy Sector

T&T Oil and Gas Fields

About NGC

HistoryIncorporated by GORTT in 1975Start-up capital TT $ 80,000100% state ownedRepresented state as investor in gas based industriesEnabled development of the natural gas industry by providing guaranteed market for upstream and secure supply for downstream industries

Business Activities

Natural Gas Purchase and SaleNatural gas Transportation and DistributionEngineering and construction of pipeline infrastructureLow pressure gas compression

Diversified Energy Company

NGLs processingLNG productionPort Infrastructure and developmentIndustrial Estate developmentUpstream oil E&P

NGC’S PerformanceFinancial

Profit US$ 630 Million in 20122013 Asset base of US $6 BnUS$ 400 Million Bond for pipeline expansion in 2006 US$ 200 Million loan in 2005 Credit

Rating A- from S&PBaa2 from Moody’sAAA CariCRIS

Gas SalesGrowth from 939 mmscf/d in 200 to 1,624 mmscf/d in 2012Record 1,771 mmscf/d May 2011Long term gas purchase and sale contracts

Pipeline Capacity

4.4BCF/d Includes only 56-inch diameter in LatAmTransports 3.0 bcfd of which 40% is third party gas Operating @ over 99.9% reliablity

The NGC Group of Companies

Joint Venture: LNG Production

Atlantic LNG

4 LNG Trains

15.0 million mtpa (20.4 Bcm/y)

Train 1: 1999, 3.0 Million mtpa (4.14 Bcm/y)Train 2: 2002, 3.3 Million mtpa (4.55 Bcm/y)Train 3: 2003, 3.3 Million mtpa (4.55 Bcm/y)Train 4: 2005, 5.4 Million mtpa (7.18 Bcm/y)

Gas Utilization: 2.5 Bcf/d

Ownership

10% Train 1;

11.11% Train 4

bpTT, BGTT, GDF Suez, Repsol YPF

Joint Venture: NGLs Processing

Phoenix Park Gas Processors

Natural Gas Liquids Processing Facility

1.95 Bcf/d processing capacity

Ownership

NGC – 90% (recently acquired ConocoPhillips Inc 39% share)Pan West Engineers & Contractors Inc – 10%

Joint Venture: Exploration & Production

Teak, Samaan & Poui Fields

OwnershipRepsol YPF – 70% Petrotrin – 15%NGC – 15%

Block 2(c) – Total Acquisition

OwnershipBHP Billiton – 45% NGC – 30%Chaoyang Petroleum – 25%

Block 3(a) – Total Acquisition

OwnershipBHP Billiton – 25.5% Anadarko – 25.5%Chaoyang Petroleum– 25.5%Petrotrin – 15%NGC – 8.5%

NGC’s Organization StructureBoard of Directors

PresidentOffi

ce of Strategy Management

Internal AuditGas Transmission & Distribution

Legal & Corporate Management

CommercialFinance & Information Management

Technical Services

Human & Corporate Relations

Manpower StatisticsTotal staff – 798 •Permanent – 564 • Contract – 234

Corporate StrengthsStrong asset base including key pipeline transmission and distribution infrastructureInvestment grade credit rating with the financial flexibility to pursue growth opportunitiesHigh pipeline reliability and availability record through the effective use of resources, technology and systems Knowledgeable and experienced staff in natural gas purchase and sale, transportation and distribution and gas compression operationsLong term gas purchase and gas sales contracts with major multinationals Positive public image

Engineering and Construction Services

Engineering, Geospatial, Construction and Project Management Services for all pipelines and related facilitiesOver US $ 1,300 million spent on major construction projects during the period 2005 to present. Provision of Gas Compression Service for gas lift operations in the Teak and Poui Oil Fields.

Compression OperationsMaintenance support service for Compression Operations

Gas Transmission & Distribution37 years of experience in operating gas pipeline infrastructure in a tropical environment and maintaining 99.9% reliability1000 km of gas transmission and distribution pipeline

4 major offshore pipelines – offshore (24”, 30”, NEO 36”, BUD 36”) 4 major onshore pipelines (24”/20”, 30”, 36”, 56”)operate four gas inlet facilities (NAAS, Union, Cove Estate, PPVS)Pipeline Operations and Maintenance Services

Supervisory, Control and Data Acquisition (SCADA) of entire pipeline system

Transportation Services for 1.1 bscfd of third party gas on CIP including web based nomination and allocation gas management system.

NGC’s Pipeline Infrastructure ProjectsProject Completion Project Scope Capital cost

Cross Island Pipeline (CIP)

2005 76 km, 56-inch diameter onshore natural gas pipeline with a capacity of 2,400 MMscf/d, pig launcher and receiver, gas inlet facilities including slug catcher

US $240 million

Beachfield Upstream Development (BUD)

2008 67 km, 36-inch diameter offshore/onshore natural gas pipeline with a capacity of 600 MMscf/d and gas inlet station including slug catcher

US$222 million

Union Industrial Estate (UIE) pipeline

2011 6 km, 24-inch diameter spur line connected to the Cross Island Pipeline with a capacity of 200 MMscf/d

US $60 million

North East Offshore (NEO) Pipeline

2011 94-km, 36-inch-diameter subsea pipeline with a capacity of 1.2 Bcf, will initially transport gas from BHP Billiton’s offshore production facilities to Beachfield

US $450 million

Tobago Pipeline 4th Qtr. 2012 54km, 12 inch diameter subsea pipeline with a capacity of 100 MMscf/d, pig launcher and receiver, slug catcher, separators and condensate storage

US $156 million

Liquid Fuels Pipeline

3rd Qtr. 2013 34km 8-inch-diameter onshore pipeline that will transport premium and super gasoline, A1 jet fuel and diesel from the (Petrotrin) refinery to a terminal storage facility currently under construction at Caroni. A second line will transport aviation fuel from Caroni to the Piarco International Airport. The project includes the construction of large storage tanks at Petrotrin and Caroni in addition to a new state-of- the- art loading station at Caroni

US $115 million

Phoenix Park Valve Station Upgrade

1st Qtr. 2014 Upgrade of the main pipeline hub into PPGPL , includes the design and installation of an above ground slug catching system, flare system to burn all gas currently vented, control building and improved condensate storage and handling

US $72 million

NGC’s Strategy 2011-2015

Corporate Social Responsibility Pillars

Community

Economic

Development

Community

Engagement

Contributions

Youth Develop

ment

Community Economic Development CED

Research

Policy Development

Project Identific

ation

Steps

Community EngagementIssues

Management

Project Support

Training

Community Training10 Process plant operators from Tobago trained at University of Trinidad and Tobago for Cove plant in TobagoBuilding construction technology in Pt Fortin, La Brea, Tobago and Mayaro/GuayaguayareBoat engine repairs in TobagoEmergency Medical Technician in Mayaro/GuayaguayareAuto CAD (Advanced and Basic),Cost Planning and Estimating, Stores Management, Blue Print Reading, Architectural Detailing, Bills of Quantity and Project Management for Trinidad and Tobago Defence ForcePlayer Development for national cricket team Capacity Building Training for Police Youth Clubs and Steel Bands

Corporate ContributionsNGC’s Corporate Contributions programme is a structured programme for granting financial assistance to governmental, non-governmental, community-based and not-for-profit organisations, academic institutions, employees and individuals as part of the company’s efforts to build relations, goodwill and reputation in the area of social responsibility The focus areas for contributions are:

The arts and cultureEducationHuman and social developmentSport

Strategic Contributions

SportCricketNAAA Open ChampionshipTrack & Field Games of Caroni and St Patrick districts and Moruga zone

Arts & Culture

NGC Bocas Lit FestNGC Sanfest LydiansTT Film Festival

Youth DevelopmentSponsorship of Police Youth Clubs in Couva, La Brea, Beetham Gardens and

Laventille Road

Police Youth Club

Police Parents CivilSociety

NGC

Stakeholders

ActivitiesPolice Youth Clubs

Arts & Culture

Academic Support Civics

and Values

Education

Events Sport

La Brea Police Youth Club

THANK YOU