1. 1 Anatomy of a Successful LNG Project Gastech 2008 Original Conceptual Photo of EG LNG Train 1

2. 2 - Henry Aldorf Regional Vice-President Business Development - Bonifacio Monsuy Deputy Managing Director EG LNG - Al Pace Project Director Anatomy of a Successful LNG Project GasTech 2008 Anatomy of a Successful LNG Project GasTech 2008

3. 3 - Project Development - Entrepreneurial Company - Health, Environmental, Safety, Security - Cost - Quality – Conformance to Requirements - Schedule - National Content What Makes a Successful Project?

4. 4 - Project Developed in Record Time: August 2002 Recommend LNG Plant June 2004 EPC Contract Notice to Proceed - EG LNG: Formed Ahead of Schedule - Safety OSHA Recordable Rate 0.67 8.7 Million Hours without Lost Time Incident EG LNG Train 1 Successes

5. 5 -Cost: Within Budget -Quality: Exceeded Nameplate Capacity in Plant Performance Test -Schedule: First LNG Shipment 5 Months Ahead -National Content: Exceeded Goals -Cost: Within Budget -Quality: Exceeded Nameplate Capacity in Plant Performance Test -Schedule: First LNG Shipment 5 Months Ahead -National Content: Exceeded Goals

6. 6 - Highly Experienced Team - E.G. Government Placed Priority on Project - Shareholders Aligned - Synergy Between Gas Supplier & Train 1 - Self Financed - Lessons Learned From Ongoing Operations - All Offtake to One Entity Project Development - How We Did it

7. 7 - Staffed with Senior People - Managed Against a Business Plan - Excellent E.G. Government Cooperation - Local Business Entities Assistance - Immediate Start with National Staffing - Cost Control Like a Project - Managed to a Schedule Entrepreneurial Company Building Why It Was Successful Entrepreneurial Company Building Why It Was Successful

8. 8 - Proven General Contractor - Proven Technology - Proven Vendors and Subcontractors - Serial No. 8 - Lump Sum Turn Key - Incentives for: Safety, Schedule, National Content, Plant Production Project Execution Model Setting Up For Success Project Execution Model Setting Up For Success

9. 9 - Management Commitment and Strong Participation - Created Culture of Safety First - Agreed Safety Procedures Before Mobilization - More “Boots on the Ground” - Safety Incentives - All Incidents Reported & Investigated, Even Property Damage Project Execution Model Health Environmental Safety (HES) Project Execution Model Health Environmental Safety (HES)

10. 10 - Highly Experienced Team Both Owner & Contractor Experience - Owner’s PMT Resided with Contractor Center of Gravity Shift - Created a One Team Environment Project Execution Model Project Management Fundamentals Project Execution Model Project Management Fundamentals

11. 11 - Minimized Change from the FEED (AFE) Basis - Owner’s PMT did not Question the Need for a Quick Response - Owner Used a Variety of Subject Matter Experts Project Execution Model Engineering Project Execution Model Engineering

12. 12 - Long Lead Orders Before Financial Investment Decision - International Procurement - Project Specific Construction Jetty - Considerable Owner Inspection (In Addition to Contractor’s Inspection) Project Execution Model Procurement Project Execution Model Procurement

13. 13 - Built Dedicated Facilities - Brought in Professional Instructors (Spanish Speaking) - Dove-Tailed Training Schedule with Construction Staffing Plan Project Execution Model Craft Training Project Execution Model Craft Training

14. 14 Project Execution Model Craft Training Project Execution Model Craft Training

15. 15 - Construction Participation in Design for Constructability - Very Effective Early Works Program at Site - Strong Early Focus on Engineering & Procurement Schedules Ensured Materials & Equipment On Site When Needed Project Execution Model Construction Project Execution Model Construction

16. 16 - Assumed from Day 1 that Money Would be Tight - Very Strong Emphasis on Owner’s Cost Forecasting - Schedule – Sense of Urgency from Day 1 + Incentives Project Execution Model Project Controls Project Execution Model Project Controls

17. 17 - A Great Team Effort - Highly Motivated, Creative, Experienced Personnel - Fundamentals Still Apply Closing Comments

18. 18 Aerial Photo of EG LNG Train 1