2012 4th Annual Baltic Silver Sponsor and Cocktail Reception Host

Energy Bronze Sponsor

Summit Legal Partner Stronger together?

14-15 November 2012 Radisson Blu Olümpia ,

Conference and Exhibition Associate Sponsors

Join leading public and private sector experts in a dynamic networking environment to debate and solve the current issues facing the development of the Baltic Energy market.

With increasing energy demands and dependency on imported energy, the Baltic States are looking for new supply options. National incumbents and international investors alike are looking to the unfolding opportunities in the Baltic States, but can the potential of LNG and Renewables be realised, and what future remains for Gas, Nuclear, Oil Shale and other sources?

The 3rd EU Energy Package is driving changes in the structure of European energy markets, but what impact will this have on the Baltics for energy producers, transporters, traders and consumers? Gas is a fundamental energy source in the Baltic states, but recent price fluctuations and security of supply threats have left a few question marks, so what are the Baltic states doing to ensure affordable and regular supply? How far has BEMIP been achieved and what remains to be completed?

Our 4th annual event will unite key players from across the energy industry, both from private and public sectors, tackling these key questions and other issues facing the development of the Baltic Energy market.The event will also address the bankability and viability of energy projects for private sector investors, including expert scrutiny of the risks and challenges from a range of international professionals, in addition to industry analysis and perspective from the leading regional energy companies.

Whether you’re looking to enhance your presence in the Baltic market, investing in energy projects or want to find out about the future direction of the Baltic energy market, this event will exceed all your requirements.

Events Ltd.

Easy ways to register www.eelevents.co.uk [email protected] + 44 (0) 207 681 2889 Speakers

Government and public sector speakers Easy ways to register Ando Leppiman, Deputy Secretary General, Ministry of Economic Affairs and Communications, Estonia Online Esa Härmälä, Director General, Energy Department, Ministry of Employment and the Economy, www.eelevents.co.uk Dins Merirands, Director, Department of Energy, Ministry of Economics, Email Birute Vesaite, MP, Seimas of the Republic of , Lithuania [email protected] Fax Pierre Dechamps, Adviser for Energy, Climate Change and the Environment, European Commission, Belgium + 44 (0) 207 681 2889 Telephone Feature speakers +44 (0) 207 275 8020 Antero Jännes, CEO and Chairman of the Board, Gasum, Finland Taavi Veskimägi, CEO, Elering, Estonia Rodney Kincaid, CEO, Balmoral Capital Holdings Inc., United States of America Jaakko Vähä-Piikkiö, Vice President in the Baltics, Heat Division, Fortum, Finland Tobias Kohler, Partner, Rödl & Partner, Lithuania Joop Jonkers, Manager Business Development, Vopak, The Netherlands Sergey Boyarkin, Programme Director, Rosatom, Russia Helena Wisden, Senior Trading Manager, Cheniere Energy, United Kingdom Jaanus Arukaevu, Strategy Manager, Eesti Energia, Estonia Viido Polikarpus, Marketing and Public Affairs Director, Energy Smart, Estonia

Expert panellists Joachim Hockertz, Deputy General Manager, Lietuvos Dujos, Lithuania Hadley Barrett, CEO, Oxford Sustainable Group, Estonia Our 4th Annual Baltic Energy Justinas Šaltys, CEO, Finasta Corporate Finance, Lithuania Summit will enable you to learn Jean Sacreste, CEO - Russia and Baltic States, Dalkia, Russia about key market developments and opportunities from regional and Jukka Luukkanen, Head of Division Nordic, Baltic and EFTA Lending, European Investment Bank, Luxembourg international decision makers. Per Aage Jacobsen, Head of Energy Project Finance, DNB Bank, Norway Allan Parik, Head of the Corporate Banking, SEB, Estonia If you are interested in speaking, sponsoring or participating in this Bo Henriksson, Country Manager--Baltic States, ABB, Estonia event please contact your Yngve Söderlund, Senior Manager, Business Development, Energy Sector Lending, Nordic Investment Bank, Finland representative for more information. Simona Apostol-Siegl, Country Coordinator Baltics and Global Key Account Manager, , Austria UniCredit Leasing Project Manager Hando Sutter, Regional Manager Estonia, Latvia, Lithuania & Russia, Nord Pool Spot, Estonia Tom Popple Gregory Rubinchik, Senior Manager, KPMG, Latvia [email protected] +44 (0) 207 275 8020 Juha Hiekkala, Manager - Electricity Market Development, ENTSO-E (Fingrid), Finland Kaupo Lepasepp, Partner and Regional Head of the Competition and Regulatory Team, SORAINEN, Estonia Conference Producer Stephanie Gryszan-Brindley Märt Ots, Director General, , Estonia Estonian Competition Authority [email protected] Inese Ikstena, Commissioner, Public Utilities Commission, Latvia +44 (0) 207 275 8020 Henning Gloystein, Senior Correspondent, Head of European Power and Gas, Thomson Reuters, United Kingdom Business Development Paal Aschjem, Chairman, Norwegian-Estonian Chamber of Commerce and FICE, Estonia Stanislav Polikarpov Paulis Barons, President, Latvian Wind Energy Association / Latvian Union of Local Governments, Latvia [email protected] +44 (0) 207 275 8063 Chairman

Andrei Belyi, Associate Professor at the Centre for the EU Russia Studies (CEURUS) of the University of Tartu, Events Ltd. Academic Director of Jean Monet Energy & Environment Programme, Guest Lecturer at the University of Dundee (Centre for Energy, Petroleum, Mineral Law and Policy), Senior Expert at the Polinares Project

Event partners Easy ways to register

Lietuvos vėjo www.eelevents.co.uk elektrinių asociacija [email protected] + 44 (0) 207 681 2889 Agenda: Day 1 Ministerial roundtable, market overview, financing energy infrastructure

Easy ways to register 08:30 Registration and coffee 09:10 Chairman’s welcoming address Online Andrei Belyi, University of Tartu, Estonia www.eelevents.co.uk Email 09:20 Ministerial Address and Roundtable [email protected] - National energy policies and future strategy Fax - Where from and how will energy be secured? + 44 (0) 207 681 2889 - The future of renewables in foreseeable future Telephone - The place of Nuclear in the Baltics - The role of LNG and future of gas market +44 (0) 207 275 8020

Confirmed participants: Ando Leppiman, Deputy Secretary General, Ministry of Economic Affairs and Communications, Estonia Dins Merirands, Director, Department of Energy, Ministry of Economics, Latvia Esa Härmälä, Director General, Energy Department, Ministry of Employment and the Economy, Finland Birute Vesaite, MP, Seimas of the Republic of Lithuania, Lithuania

10:10 Norwegian Energy Directive and opportunities in the Baltic Region Paal Aschjem, Norwegian-Estonian Chamber of Commerce and Foreign Investors’ Council in Estonia (FICE)

Future energy mix: a regional overview Ambassador representation:

10:20 The EU and Baltic States: Future co-operation British Embassy in Estonia - Overcoming obstacles facing implementation of Directives - EU‘s commitment to financing system change in the Baltics Embassy of Canada to Latvia, Lithuania, and Estonia - Furthering integration of EU energy markets - Encouraging low carbon generation and meeting 2020 goals Embassy of the Czech Republic Pierre Dechamps, European Commission, Belgium in Tallinn 10:40 Future Energy Mix: regional trends and future expectations Embassy of Finland in Tallinn - How to overcome the increasing demand-supply imbalance German Embassy in Tallinn - Where from and how will energy be secured? - The future of renewables in foreseeable future Embassy of Greece in Tallinn - The place of Nuclear in the Baltics Embassy of Japan in Estonia 11:00 Networking coffee break Embassy of the Kingdom of the Netherlands in Tallinn Financing energy infrastructure Embassy of the Republic of Poland in Tallinn 11:40 Financing energy projects: the role of the banking sector - Mechanisms available and requirements of financiers Embassy of Sweden in Tallinn - Understanding the incentives: government support, funds, FITs, subsidies - Importance of due diligence Embassy of Latvia to Estonia - Can the Baltics provide ROI? Embassy of the United States of America in Tallinn 11:55 How can developers make energy projects more attractive for investors - Requirements and deal structures - Experience of US, European and Asian markets Rodney Kincaid, Balmoral Capital Partners Inc., United States of America

12:10 Panel Discussion: investors’ and financiers perspective of the Baltics - Why do banks invest? - How do you choose the right financing mechanism? - What are the requirements of investors and financiers? - How can projects be made more attractive? - Utilising EU funds - Typical issues that make projects fail - Stability and cash flows Panel Chair: Gregory Rubinchik, KPMG, Latvia Events Ltd. Panellists: Jukka Luukkanen, European Investment Bank, Luxembourg Yngve Söderlund, Nordic Investment Bank, Finland Allan Parik, SEB, Estonia Per Aage Jacobsen, DNB Bank, Norway Justinas Šaltys, Finasta Corporate Finance, Lithuania Simona Apostol-Siegl, UniCredit Leasing, Austria Easy ways to register www.eelevents.co.uk 13:00 Networking lunch break [email protected] + 44 (0) 207 681 2889 Agenda: Day 1 Meeting growing gas demand: challenges and opportunities

Easy ways to register 14:00 Overview of Baltic Gas Market - Legal update Online - Current opportunities and future challenges www.eelevents.co.uk - 3rd EU Energy Package: what does it mean for the Baltic gas market? Email 14:20 Supplying gas to the Baltics [email protected] Antero Jännes, Gasum, Finland Fax + 44 (0) 207 681 2889 14:40 Gas Trading: importance of price and security of supply Telephone - Available avenues/routes - Fostering healthy competition +44 (0) 207 275 8020 - Overcoming barriers and monopolies - Impact of the 3rd EU Energy Package Eesti Gaas

15:00 Networking coffee break

15:30 Vopak-Elering concept for the multi-customer, open access regional LNG terminal in Tallinn Joop Jonkers, Vopak LNG Holding B.V., The Netherlands

15:50 The potential of US LNG exports to the Baltics - Analysis of LNG market - Why the Baltics? - Klaipeda Lithuania LNG Terminal: Project update Helena Wisden, Cheniere Energy, United Kingdom

16:10 Panel Discussion: meeting growing gas demand - the future of gas in the Baltics - Impact of regulation (3rd EU Energy package) on prices and supply - Connecting the Baltic states: the importance of developing interconnections - Future opportunities for LNG. What does this mean for natural gas markets? Our 4th Annual Baltic Energy - Should the Baltics have a shared LNG terminal? Summit will enable you to learn - Market development and maturing about key market developments Panel Chair: Henning Gloystein, Thomson Reuters, United Kingdom and opportunities from regional and Panellists: international decision makers. Helena Wisden, Cheniere Energy, United Kingdom Märt Ots, Estonian Competition Authority, Estonia If you are interested in speaking, Kaupo Lepasepp, SORAINEN, Estonia sponsoring or participating in this Joachim Hockertz, Lietuvos Dujos, Lithuania event please contact your representative for more information. 17:20 Chairman’s closing address Andrei Belyi, University of Tartu, Estonia Project Manager Tom Popple [email protected] +44 (0) 207 275 8020 17:30 Networking cocktail reception Conference Producer Stephanie Gryszan-Brindley [email protected] We cordially invite you to to the networking cocktail reception, hosted by: +44 (0) 207 275 8020

Business Development Stanislav Polikarpov [email protected] +44 (0) 207 275 8063

Events Ltd.

Easy ways to register www.eelevents.co.uk [email protected] + 44 (0) 207 681 2889 Agenda: Day 2 Electricity generation and trading

Easy ways to register 08:30 Registration and coffee 09:30 Chairman’s welcoming address Online www.eelevents.co.uk Electricity Generation: Securing Energy Independence for the Baltic States Email [email protected] Fax 09:50 Meeting future demand: the future of energy generation in the Baltics - Coal, Oil, Gas, Nuclear, Renewables - what will the future energy mix look like? + 44 (0) 207 681 2889 - An overview of new developments, projects, upgrades Telephone - Where does the best return on your investment lie? +44 (0) 207 275 8020 - What are the opportunities for investors? Latvenergo (tbc)

10:10 Case Study: innovative energy solutions - To own or import energy? - What policies are needed for the development of the trading market? - Fast and cheap decarbonisation of electricity production: how to reduce emissions Jaanus Arukaevu, Eesti Energia, Estonia

10:30 The role of Nuclear Power - The case for and against Nuclear: the challenge of public perception - Implications of Western developments and Fukushima - Latest update and developments Sergey Boyarkin, Rosatom, Russia

10:50 Networking coffee break

Integrating Baltic Electricity Markets

11:30 Removing the Baltic Energy Island Status Our 4th Annual Baltic Energy - Encouraging regional cooperation Summit will enable you to learn - Facilitating an integrated grid network about key market developments - The role of the EU and Nordic countries in the Baltic’s energy security and opportunities from regional and - Realistic projects and opportunities - can politics be overcome? international decision makers.

11:50 Building common Nordic-Baltic electricity market If you are interested in speaking, - Preconditions and necessary actions sponsoring or participating in this Taavi Veskimägi, Elering, Estonia event please contact your representative for more information. 12:10 Panel Discussion: Overcoming current challenges and future opportunities - The feasibility of completing BEMIP - Security of supply Project Manager - Synchronisation of the network Tom Popple - The effect of new generation sources on prices [email protected] - Storage capacity +44 (0) 207 275 8020 Panellists: Hando Sutter, Nord Pool Spot, Estonia Conference Producer Bo Henriksson, ABB, Estonia Stephanie Gryszan-Brindley Arnis Staltmanis, AS Augstsprieguma Tikls, Latvia [email protected] Juha Hiekkala, ENTSO-E (Fingrid), Finland +44 (0) 207 275 8020 13:00 Networking lunch break Business Development Stanislav Polikarpov [email protected] +44 (0) 207 275 8063

Events Ltd.

Easy ways to register www.eelevents.co.uk [email protected] + 44 (0) 207 681 2889 Agenda: Day 2 The role of alternative and renewable energy sources

Easy ways to register 14:00 Renewable Energies in the Baltics – Buying into Projects - Legal aspects of acquisitions of renewable energy projects Online Tobias Kohler, Rödl & Partner, Lithuania www.eelevents.co.uk 14:20 The role of CHPPs in the Baltics Email - Utilising Scandinavian/Nordic experience [email protected] - The advantages of using local solid fuels Fax - The potential of waste-to-energy (WtE) - Current market overview and recent project developments + 44 (0) 207 681 2889 Jaakko Vähä-Piikkiö, Fortum, Finland (tbc) Telephone +44 (0) 207 275 8020 14:40 Bringing Solar to the Baltic: Solar Case Study - The potential of solar for the Baltics - Current project status Viido Polikarpus, Energy Smart, Estonia

15:00 The potential for Offshore Wind in the Baltic Sea - Current status and challenges - What is needed? - Political will, support, courage - Future perspectives

15:20 Networking coffee break 15:50 Panel Discussion: Delivering renewable energy projects in the Baltics - Current opinion - Projects availability - Investor interest and opinion - What sources offer the greatest potential? - Are alternative energy sources a viable option for the future energy mix? Panellists: Inese Ikstena, Public Utilities Commission, Latvia Hadley Barrett, Oxford Sustainable Group, Estonia Paulis Barons, Latvian Wind Energy Association Our 4th Annual Baltic Energy Rodney Kincaid, Balmoral Capital Partners Inc., United States of America Summit will enable you to learn Jean Sacreste, Dalkia, Russia about key market developments Tobias Kohler, Rödl & Partner, Lithuania and opportunities from regional and international decision makers. 16:50 Chairman’s closing address If you are interested in speaking, 17:00 End of conference sponsoring or participating in this event please contact your representative for more information.

Project Manager 2011 Baltic Energy Forum attendees include: Tom Popple [email protected] 4 Energia Gamesa National Control Commission for Prices A/S Augstspriegumu tīkli Gasum Oy and Energy +44 (0) 207 275 8020 ABB German Offshore Wind Energy Foundation Nordic Investment Bank (NIB) Academy of Science German-Baltic Chamber of Commerce Nordic Power Management Conference Producer AF Consult Oy Hydrogen Technology Initiative OAO Gazprom Stephanie Gryszan-Brindley Alstom Power Mecklenburg-Western Pomerania Reg. Polish Wind Energy Society AS Eesti AGA Assoc. Public Utilities Commission [email protected] AS RB Asset management ICIS Heren Relight Energie SRL +44 (0) 207 275 8020 Association Baltic valley INFORSE-Europe REM Consult Atsinaujinancios Energijos Gamintoju JSC Bioinvest Rochling Automotive Business Development Asociacija JSC Dujotekana Rodl & Partner Baltic Wind Park KPMG Baltics Rostock Business and Technology Stanislav Polikarpov Borenius, Attorneys at Law Kurier Development GmbH [email protected] CEMEX Laisvoji Banga Russian Trade Representative in Lithuanis +44 (0) 207 275 8063 CORPI - Coastal Research and Latvenergo AS Siemens Lithuania Planning Institute Latvijas Gaze Swedbank DnB NORD LAWIN UAB 4energia Dujotekana Lietuvos Dujos UAB AVEC E.ON Ruhrgas Lietuvos Energetikos Asociacija UAB Intergas Events Ltd. EBRD Lietuvos Geologijos Tarnyba UAB Solet Technics Eesti Gaas Lithuanian RES Association UAB Technogama EGL Nordic Lithuanian Wind Energy Association UAB Vakarų Baltijos laivų statykla EIB Megajoule UAB Vakarų konstrukcijos Elering AS Mergermarket UniCredit Bank ENERGA S.A. Meyer & John GmbH & Co UniCredit Leasing Energy Worldwide Holding Minenergo Russia University of Gdańsk – POMCERT Environmental Investment Partners / Ministry of Economic Development Vandsoe Easy ways to register Continental Wind Partners LLC Ministry of Foreign Affairs Verslo Zinios Eolus SIA Nasdaq OMX Commodities - Nord Pool Vestas Northern Europe www.eelevents.co.uk EWEA - European Wind Energy ASA WS Atkins - Polska sp. z o.o. [email protected] Association + 44 (0) 207 681 2889