3. presentation for gas naturally complete and final klapeidos nafta

8/10/2019 3. Presentation for Gas Naturally Complete and Final Klapeidos Nafta

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LNG Terminal in LithuaniaSecurity of Gas Supply

November, 2013Gas Naturally Event, Brussels

Tadas MatulionisDeputy Director, LNG Terminal

Klaipdos Nafta


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Content

1. Security of Gas Supply

2. The LNG Terminal in Lithuania

3. Business Model

4. Financing of LNG Terminal Infrastructure

5. Small Scale LNG activities

6. Closing Remarks


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THREE main challenges

Market

Source

Price


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Currently

market b

states an The inte

countries

There ar

infrastru

enhance

Existing pipeline

Future projects

Annual gas

consumption

Market

Source

Price

Projects fo

1. Baltic

2. Interc

Polan

3. Gas S

4. LNG t


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Currently

gasex

on a sing

Low ene

the regio

One of thIslands

Market

Source

Price


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Market

Source

Price

Source: European Commission

Price in/MWh, July 2013

R

Comparison of EU wholesale gas prices


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2. The LNG terminal in Lithuania

Impact

Third party access will spur competition

The terminal will help to diversify energy sou

Ensures securityof energy supply

Import prices will reflect the globalmarket pr


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LNG teoperatio

Project

less t

LNG te

capacit


Project timeline

Construction of FSRU

Construction of the

Jetty

Construction of the

Pipeline

Environmental Studies

Regulatory Framework

Financing

Third party

2011 2013 2014 2015

T

esting

2012

Dredging of the port (by the Port

Authority)

Jetty (by the Port Authority)

Transmission pipeline (by TSO)

Signed contract with EIB

LNG terminal law

Left dry dock

Full scale EIA


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Project Ingredients

1. Floating Storage andRegasification Unit (FSRU)

2. 450 m long jetty 3. 18 km long conntransmission op


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Pigs Back

island

Jetty and

FSRU

The connecting gas

pipeline

The Baltic

Sea


12/30Launch of the FSRU Independence in Hyundai Heavy Industries dock in South Korea, 3rdof May, 20


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The regasification unit, mounted on the FSRU, tested and certified by the end of June, 2013


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LNG tanks of the FSRU are currently under construction


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FSRU

Tech specs

Location Southern part of Klaipdasea port

Supplier Hegh LNG

Storage capacity 170 000 m3

Annual capacity Up to 4 bcm of regasified NG

294 m


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The Jetty

High gas pressure

platform

FSRU

Berthing decks

Mooring decksHigh gas pressure

arms

Bridge

450 m


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Pigs Back

island

LNG Carrier

FSRU

Independence

Service platform

The Jetty

High gas

pressure

platform

Pipeline


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The Pipeline

The 18 km long

Pipeline

Horizontal directional

drilling

The gas

metering station


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The Pipeline

QuLa

M

Co

!


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3. The Business Model

LNG Terminal

InfrastructureGas Trading

Key financials (2012, mln, EUR)

Revenue 40,2

EBITDA 20,2

EBITDA margin 50%

Assets 129

Key financials (2012, mln, EUR

Revenue 8

EBITDA

EBITDA margin 19,

Assets 2.

Full Ownership Unbundling


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3. The Business Model

18%

LNG Terminal

Infrastructure

Gas Trading

Sells regasification

capacity to companies

Securit

minimu

Capacities of LNG Terminal will be open for suppliers to fill d

Domestic Lithuanian and Baltic markets (+Finland, it is p

the Baltic Connector pipeline will be completed by 2015)

Small scale activities

Up to 3bcmof NG annually

Gas trading volume capacity

f G f


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4. Financing of LNG Terminal Infrastructure

For the initial period part of FSRU costs are socialized through gas transmission tariff.

174

43

130

Financing sources,

mln. EUR

Infrastructure (jetty,

pipeline)

Project

management

FSRU guarantee 43

130

EIB loan

NIB, commercial bank

SC Klaipdos nafta

Additional securitysupplement

174

Guarantee from a com

bank

5 S ll S l LNG


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5. Small Scale LNG

LNG Feeder Vessel

LNG trading

Infrastructure for small-scale L

The LNG terminal will offer bus

opportunities:

LNG storage

5 S ll S l LNG


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5. Small Scale LNG

LNG bunkering

Transshipment to small-scale

Auto-tankers and railway tank

The LNG terminal will create o

small scale LNG activities

6 Cl i R k


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6. Closing Remarks

The first full scale terminal in the Baltics and Nordic countries operational from

the end of the next year

Operational all-year round at an ice-free port

Third party access will ensure competition on national and, possibly, on

regional level

Infrastructure for small-scale LNG activities

More than 40 years of safe and efficient oil terminal operational experience


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Contacts:

Tadas Matulionis

Deputy Director, LNG Terminal

Klaipdosnafta

Buriu 19, P.O.Box 81

LT-91003 Klaipeda

Lithuania

Phone: +370 (46) 391772

Fax: +370 (46) 311399

www.oil.lt

www.sgd.lt

Thank you for your attention.
http://www.oil.lt/http://www.sgd.lt/http://www.sgd.lt/http://www.oil.lt/

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