1. On our way to become Scandinavia’s preferred LNG supplier Gass- og energiteknologi 2009 300,000 ton/år – Risavika, Sola – byggeprosjekt, transport & marked 9. juni 2009

2. On our way to become Scandinavia’s preferred LNG supplier Nordic LNG - Overview 40% 60%

3. On our way to become Scandinavia’s preferred LNG supplier Skangass Liquefaction Plant in Risavika

4. On our way to become Scandinavia’s preferred LNG supplier The LNG plant is located in Risavika near Stavanger Gas supplied to the plant from Lyses pipeline from Kårstø The LNG plant capacity; 300.000 tpy (tons per year) Expansion possibilities; 300.000 tpy LNG stored in 30.000 m3 tank before loading/unloading Start up LNG production Q4, 2010 Contractor of LNG factory: Linde AG LNG Plant

5. On our way to become Scandinavia’s preferred LNG supplier 3 main components Process Tank Jetty LNG Plant, main components

6. On our way to become Scandinavia’s preferred LNG supplier Flare Removal of CO2 Fire water Main cooler (gas to LNG) LNG Tank LNG truck filling station Dryer Jetty for ship Plant entrance Area for train # 2 compressor Feedgas to plant Office/ controlroom LNG Plant, layout

7. On our way to become Scandinavia’s preferred LNG supplier Kårstø LNG ship LYSE LNG Anlegg Risavika LNG tank CO2 removalDrying LNG-production Offshore LNG Plant, process

8. On our way to become Scandinavia’s preferred LNG supplier LNG Plant, progress On schedule Almost 50% ready Tank ready autumn 2009 First gas in process summer 2010 Start production Q4, 2010

9. On our way to become Scandinavia’s preferred LNG supplier

10. Distribution of LNG LNG will distributed with ship to receiving terminals or by truck to end users Norgas Innovation, the first 10.000 cbm MG carrier from IM Skaugen

11. On our way to become Scandinavia’s preferred LNG supplier World leading provider of marine transportation services of ethylene. A fleet of 18 gas vessels (6.000-10.200 m3) are operated world wide Multigas Carriers, capable of carrying the more traditional cargoes of LPG and Ethylene, as well as LNG. Order placed for the first six of ten vessels. First vessel to be delivered Q4 2009. The vessels are built on IMS ship yard in China. Ad a picture of somargas ship later I.M. Skaugen SE

12. On our way to become Scandinavia’s preferred LNG supplier Overall length: 137,1m Length betw. perpendicular: 127,2 m Beam: 19,8 m Moulded depth: 11,5 m Maximum draught: 8,3 m Design draught: 6,7 m LNG capacity: 4.500 tons  62,5 GWh Souce: IM Skaugen 2 independent cargo tanks, type C in stainless steel Temperature down to -163ºC Cooling system keeps the LNG at -163ºC Maximum pressure: 5.2 bar reciprocal to 25 days without a cooling system Two pumps, 640 cbm/h each, takes approx 10 hours to load or discharge the vessel 10.000 m3 multigas design for ship

13. On our way to become Scandinavia’s preferred LNG supplier Sweden and Norway Industrial customers - mainly pulp & paper, chemicals and minerals Øra terminal Covering Greater Oslo Region as well as the Swedish West Coast and Gothenburg Large industrial cluster Target market do not include current pipeline customers Densely populated – driving the need for cleaner technologies

14. On our way to become Scandinavia’s preferred LNG supplier Market for LNG Market segments Large industrial users Marine segment Focus area northern Europe Key drivers to replace other fossil fuels Improved efficiency Lower maintenance and operational cost Less tax and charges on CO 2 Less emissions ~25% less CO 2 80-90% less NO x Close to zero particulates and SO 2

15. On our way to become Scandinavia’s preferred LNG supplier Thank you for your attention Visit us at our web site www.nordiclng.com

16. On our way to become Scandinavia’s preferred LNG supplier