TGTC-3

Date: 05.06.2014

Magnus Eikens (Connect LNG)

David Berstad (SINTEF Energy Research)

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3rd Trondheim Gas Technology Conference, 5th of June 2014

1. Small-Scale LNG Market Introduction

2. The Connect LNG technology (the UBS)

3. Preliminary results from Sintef Energy Research

OUTLINE

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3rd Trondheim Gas Technology Conference, 5th of June 2014

ENABLING LNG TERMINALS

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3rd Trondheim Gas Technology Conference, 5th of June 2014

For illustration purposes only. Not necessarily actual trading routes.

TRADING ROUTE

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3rd Trondheim Gas Technology Conference, 5th of June 2014

For illustration purposes only. Not necessarily actual trading routes.

Small-Scale

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EMERGING MARKET Existing LNG terminals

Emerging Small

Scale LNG Markets

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3rd Trondheim Gas Technology Conference, 5th of June 2014

Jetty CAPEX

Jetty CAPEX

Storage&Regas

Storage&Regas

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

320.000 m3 20.000 m3

Large Scale Terminal Small Scale Terminal

Reduce Payback

Time Payback time: 8 years 12 years

TOO LONG PAYBACK TIME

Te

rmin

al

Inv

estm

en

t c

ost

Source: EU Feasibility Report (2011) & Energy and Power (2012)

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3rd Trondheim Gas Technology Conference, 5th of June 2014

TOO LONG CONSTRUCTION TIME

Available Solution: Jetty or dredging of large seabed volumes

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3rd Trondheim Gas Technology Conference, 5th of June 2014

UNIVERSAL BUOYANCY

SYSTEM (UBS)

Interface

Floating Cryogenic Hoses

Buoy Mooring

System

Applicable for:

• LNG Loading

• LNG Discharge

• LNG Bunkering

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3rd Trondheim Gas Technology Conference, 5th of June 2014

Existing LNG

terminals

Multi buoy

mooring

Floating flexible

cryogenic hoses

Buoy

Small-scale terminal

LNGC carrier (1000-

30.000 m3)

• Mobile: can be Relocated if change in market

• Combined with IMO-C tanks, even higher mobility

• Low CAPEX compared to alternative

• Up to 6 x times faster construction time

FLEXIBLE TERMINALS

LNG Carrier (1000-

30.000 m3)

Pressurized Tanks

(1000-15.000 m3)

• Designed for in-shore weather

conditions

• System stored near shore

when not in operation

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FOCUS ON HYDRODYNAMIC

SIMULATIONS

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3rd Trondheim Gas Technology Conference, 5th of June 2014

Three Model Tests

MODEL TEST 3

ATTACHMENT SYSTEM

MODEL TEST 2

HOSE CONFIGURATION

MODEL TEST 1

UBS V 1.0

MC-LAB MARINTEK,

OCTOBER 2012 OCEAN BASIN MARINTEK, MAY 2013

MC-LAB, MARINTEK,

FEBRUARY 2014

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3rd Trondheim Gas Technology Conference, 5th of June 2014

CRYOGENIC HOSE

TECHNOLOGIES

Third party expert opinion:

Hose Alternatives

Vacuum Insulated hoses

Composite Hoses

Cryogel Hoses

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INDUSTRY CONCERNS

a) How much boil-off will the UBS add during LNG discharge/loading?

b) What will the pressure loss through the UBS be?

c) What is the optimal flow-rate and inner diameter to minimize BOG?