1. Langley Meek Commercial Development, GDF SUEZ Gas NA NAMEPA “Fast Forward Into the Future of Maritime” February 18, 2015 The Future of LNG as Fuel 1

2. Content Disclosure 2 2

3. Background of the Movement Towards LNG as Fuel Currently, there are 50 LNG fueled ships in operation or on order worldwide (not including LNG carriers which already run on LNG) However, estimates by maritime classification societies put the global LNG fueled fleet at 3,200 or more by 2025 Movement towards LNG has everything to do with being able to meet International Maritime Organization (IMO) and EPA regulations on reducing the sulfur content of fuel — Particularly important for vessel operators transiting the North American ECA because the allowable sulfur content of fuel dropped January 1, 2015 — IMO will be enforcing a global sulfur cap in 2020 — LNG contains no sulfur, and when compared to Heavy Fuel Oil, emits 85% less nitrogen oxide (NOx) and sulfur oxides, 90% less Particulate Matter (PM), and 30% less carbon dioxide — Meets all current and future emissions regulations

4. LNG is simply natural gas in its liquid form – the same natural gas more than 64 million American homeowners use every day Natural gas is converted to LNG by cooling it to -260° F, at which point it becomes a liquid — This process reduces its volume by a factor of more than 600 – similar to reducing the volume of a beach ball to the volume of a ping-pong ball As a liquid, LNG can be transported and stored outside of gas pipelines LNG liquid is not flammable and not shipped/stored under high pressure Ignition and burning requires vaporization and mixture with oxygen (air) LNG vapor is flammable — The temperature necessary to ignite natural gas is about 540° C (gasoline requires only 230° C) Burning is not sustainable outside the flammability limits (5% to 15% air) — Above 15% there is not enough air; below 5% there is not enough fuel LNG produces a “lazy flame” which burns more like a candle and not like gasoline LNG Characteristics & Safety 4 4

5. Emissions Profile (tons per year) CO 2 20% NO x 90% PM > 95% SO x 95%

6. A market of 20-30 mtpa between 2025 and 2030 seems a reasonable estimation, which represents roughly 10% of the total bunker fuel market Bunkering Demand Forecast

7. Current Marine Activity with LNG in the U.S. (2) TOTE Containerships (2) Crowley ConRos (going to Puerto Rico) (2) Matson LNG Ready Containerships (1) Horizon Containership (going to Hawaii) (2) TOTE Containerships running from Tacoma to Anchorage Washington State Ferries (6) Harvey Gulf OSVs American Petroleum Tankers Crowley Tankers Seacor Tankers (Gulf bound) Staten Island Ferry Conversion (1) Modest Market Movement Towards LNG for Jones Act, ECA Bound Companies Harvey Gulf LNG Bunkering Infrastructure in Port Fouchon, LA 7 7

8. First LNG Vessel in the United States Harvey Gulf International Marine is the first U.S. vessel operator to construct vessels capable of operating exclusively on LNG —The first, Harvey Energy, is an offshore supply vessel delivering gulf coast rigs with drilling supplies —In addition to being powered by cleaner burning natural gas, the vessels will achieve “ENVIRO+, Green Passport” Certification by ABS —These vessels will meet the highest emissions standards that exist today They carried out the first LNG bunkering on February 5, 2015 in Pascagoula, Mississippi

9. GDF SUEZ’s Commitment to LNG Bunkering Along with partners Mitsubishi and NYK, we are currently building an LNG bunker barge that will serve UECC’s two LNG powered car carriers at the Port of Zeebrugge, Belgium —The vessel has a 5,000 m3 LNG capacity —Being built at Hanjin Shipyard (Korea) —Commercial start-up in Q4 2016 Source: GDF SUEZ Indicative dimensions  LOA ≈ 100 m  Breadth ≈ 17.8 m  Draft ≈ 4.7 m Cargo Tanks  2 Cargo Tanks, IMO Type C  Total Tanks volume = 5 000 m3 at 98% filling ration under atmospheric pressure Propulsion & Maneuverability  Service speed ≈ 13 knots  Dual fuel engines (LNG & MGO)  High maneuverability thanks to twin pitch propellers & 2 Bow Thruster Bunkering System  600 m3/h  LNG pumps redundancy  manifolds at midship and forepart  Flexibles hoses and cranes Gas Chromatograph installed on board

10. Questions? Langley Meek Commercial Development - LNG GDF SUEZ Gas NA LLC Office: 713.636.1206 Langley.Meek@gdfsuezna.com