QATARGAS II/SOUTH HOOK PROJECT Presentation to The GIE Annual Conference 28 September 2006 Mohammed Al Naimi Commercial Manager, South Hook LNG Terminal Company Ltd

QATAR Qatar Overview North Field IRAN Doha UAE KSA Qatar Turkey Turkmenistan Syria Iraq Iran Jordan Kuwait Egypt UAE Saudi Arabia Oman Sudan Yemen Ethiopia Somalia Qatar Population 0.9M Area 11,400 km2 North Field World’s largest non-associated gas field Proved gas reserves of 900 TCF Existing Facilities/Projects 10 LNG trains Contracted supply to Japan, Korea, Europe, USA Future Projects 4 additional LNG trains (30+ MTA additional capacity)

Project Gas LNG LNG Gas to Pipeline Gas Production Gas Treating & Liquefaction LNG Shipping LNG Regasification $ 13 billion dollar mega-project employing full value chain integration, step-out technologies, and economies of scale to offset distance to market. Gas from world’s largest gas field; 2.8 BCFD Two 7.8 million MTA trains will be the largest ever constructed; 60% larger than any to date A fleet of 14 large LNG ships; at 210 – 265 km3, 70% larger than any ever built Receiving terminal in the U.K. to re-gasify and deliver 2.1 BCFD approx 20% of UK demand

Qatargas Onshore Plant Layout QGII Trains 4 & 5 QG1 Trains 1 - 3

South Hook Terminal Development Plan 2.1 BCFD send out capacity Five 155 km3 full containment LNG storage tanks Upgrade and refurbishment of existing jetty Submerged Combustion Vaporizers (SCVs) Pipeline extension (128 km) to national gas grid to be built and operated by NGG EPC by Chicago Bridge & Iron Total capex of $1.4 B Status Phase 1 currently 50% complete; Phase II 37% complete First gas winter 07/08

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