1. Floridian Natural Gas Storage Company Martin County, Florida
2014 FNGA Annual Convention
June 20, 2014

2. Floridian Natural Gas Storage Company, LLC
Fully permitted
FERC 7c Certificate
All state and local permits
Strong Financial backing - Warburg Pincus (~ 76% ownership)
Multi billion dollar investment fund
Balance of ownership is held by FGS and Private Investors
Strong support from local community

3. FERC Permitted Capacity
Permitted as Phase I and II
8 bcf LNG storage capacity
2 – 4 bcf Full Containment Tanks
100,000 MMBtu/day Liquefaction (1.2 million gal/day)
4 – 25,000 MMBtu/day (300,000 gal/day each)
800,000 MMBtu/day Vaporization
4 – 200,000 MMBtu/day vaporizers
2 Bay Truck Loading Facility
30 to 48 trucks per day loading capacity (300,000 to 480,000 gal/day)
Artist Rendition – Phase I & II

4. Phase I Facility Configurations
Originally Permitted
Configuration
Consolidated Plot Plan Configuration *
2 – 25 MMSCFD Liquefaction trains
1 – 25 MMSCFD Liquefaction train
400 MMSCFD Vaporization
100 MMSCFD Vaporization
1 – 4 BCF Full containment LNG tank
1 – 1 BCF single containment LNG tank w/ 30 ft tall MSE wall impoundment
2 Truck loading bays
4 Mile pipeline connection to FGT & Gulfstream
* Pending final FERC approval

5. Natural Gas Can Be Sourced From Both Existing Pipelines
Natural Gas from Gulf Coast and Mid Continent suppliers
Florida Gas Transmission
Over 3 bcf/day
Gulfstream
Over 1 bcf/day
FGS site at Indiantown 5

6. Indiantown Area
Floridian Site
145 acres

7. Heavy Industrial Zoned
FPL
Martin Power Plant
Floridian Site
145 acres
Heavy Industrial Zoned

8. Developing Florida Markets For Liquefied Natural Gas
Over the road trucks
I-95 Florida Corridor
Agricultural trucking
Marine fuel
Access via truck (and future rail) to Port of Jacksonville, Tampa and Port Manatee, Port of Palm Beach, Port Everglades, Port of Miami
Cruise industry
High horsepower engines
Agricultural and Mining industries
Small scale exports
ISO Containers to both FTA and NFTA
Distributed LNG
Stationary engines for flood control and industrial uses
Natural gas pipeline pressure control of both intra and interstate pipelines

9. Access to Florida Ports By Truck
FGS to Port Canaveral
126 Miles
FGS to Port Everglades
83 Miles
FGS to Port of Miami
103 Miles
FGS to Port of Jacksonville
259 Miles
FGS to Port Manatee
147 Miles

10. FGS Access to Rail Planned addition for loading rail cars
LNG tank cars
40 ft ISO containers
Requires FERC approval
CSX mainline runs through FGS property
CSX spur on FGS property
Floridian

11. Floridian Natural Gas Storage Company Interstate LNG “Pipeline”
Inland Sites
Back up fuel for power plants
Local distribution for truck fuel
Peak shaving reinjection into interstate and intrastate pipelines
Florida Ports – East and West Coasts
Bunker barge for marine fuel
ISO container loading for small scale export
Small bulk barges for FTA, NFTA, and US Territories
Reinjection into interstate and intrastate pipelines
Note: The concepts discussed on the following slides about Satellite tanks and proposed tariff structures have not been filed with or approved by FERC

12. Potential Satellite Tank Sites

13. FGS Interstate LNG “Pipeline” Tariff Structure
Structure tariff similar to Interstate Pipeline
Rate Schedule in existing FGS tariff providing Receipt and Delivery Point
Receipt Point – FGS Indiantown
Receive natural gas for liquefaction and storage
Delivery Points
FGS Indiantown
Revaporization or truck loading
Specific satellite tank locations
Revaporization, truck / ISO tank loading, or barge loading
Similar to a pipeline path, customer would own capacity and “path” between receipt point and specific delivery points
Customer would provide own transport between receipt and delivery point
FGS would provide “path” from receipt point to delivery point including delivery into and receipt from intermediate non-jurisdictional transport

14. FGS Interstate LNG “Pipeline” Advantages to Customer
Eliminates regulatory uncertainty associated with facilities and markets
FERC tariff governs from receipt of gas to ultimate delivery to market
Allows customer access to any market through one FERC jurisdictional facility
Interstate natural gas storage
Transport to and revaporization into interstate pipelines
FTA & NFTA Exports subject to customers appropriate export license (FGS is not an export facility)
Motor fuel
Bunker fuel
Intrastate use

15. Projected Schedule
Planned Construction start – Late Summer 2014 (pending final FERC approvals)
Projected in service Summer 2016
Facilities to serve the immediate market for liquid
1 – 25,000 MMBtu/day (300,000 gal/day) liquefier (negotiating PA’s for 2nd liquefier)
2 bay Truck Loading facility capable of loading 300,000 gal/day firm and up to 480,000 gal/day on an interruptible basis
1 bcf storage capacity (12,000,000 gallons LNG)
100,000 MMBtu/day vaporizer for pipeline sendout
Discussion on-going to add barge loading capabilities at ports for export and bunkering operations
Projected in service 3rd Qtr 2016
Will start process for adding rail car loading as demand identified

16. Regulatory Environment
A lot of misinformation and unknowns
FERC vs. Non-FERC?
Section 3 vs. Section 7c?
PHMSA and 49 CFR 193 and NFPA 59A Standards?
Hinshaw exemption? Hawaii Gas Ruling?
Very similar to the large scale LNG changes that resulted in the “Hackberry” rule for large scale projects
Took over 1 ½ years
Multiple FERC hearings in Washington
Multiple filings on jurisdiction with no response to date