LNG As Marine Fuel Steadily Becoming a Reality Poseidon Med II Conference 2016 - Thursday 8Th December 2016

LNG as marine fuel Steadily becoming a reality Poseidon Med II Conference 2016 - Thursday 8th December 2016

Dionysios Antonopoulos General Manager, Marine Solutions Sales Wärtsilä Greece S.A.

1 © Wärtsilä PUBLIC Poseidon Med II - 2016 - Wartsila Greece OUR EXPERTISE IN THE GAS VALUE CHAIN

LNG terminal & Regasification Distribution & transport (FSRU/JRU) Power generation

Small-scale LPG/LEG/LNG tanker LNG plants

LNG receiving LNG liquefaction terminal & terminal

LNG carrier LNG fuelled vessels LNG fuelled LNG bunkering vessels & barges Production Oil tanker FPSO with VOC Flare recovery Oil separation Exploration & development Receiving Distribution & Exploration & Production & Transport & terminals & transport to the Drilling liquefaction storage regasification users • LNG fuel gas • On- & Offshore small • LNG fuel gas systems • Jetty & Floating • Gas/LNG systems for OSVs scale liquefaction • LPG, LEG & LNG regasification distribution/logistics • Antiflaring/VOC cargo handling • Bunkering & barges • Feed gas to Power • Oil separation • Receiving terminals plants

2 © Wärtsilä PUBLIC • Gas FPSO Poseidon Med II - 2016 - Wartsila Greece LAST POSEIDON MED

• During last conference in Zappeio (held November 2015), LNG conversions have been discussed.

3 © Wärtsilä PUBLIC Poseidon Med II - 2016 - Wartsila Greece WÄRTSILÄ LNGPAC ON BOARD

BACKGROUND

• 2009 LNGPac™ fuel gas handling development begins

• 2010 First LNGPac™ order

• 2011 Bit Viking conversion to gas

• 2012 Harvey Gulf orders more LNG fueled PSVs

• 2013 Viking Grace – first cruise ferry on gas with LNGPac™

• 2014 The new upgraded LNGPac™ is revealed • 2015 Wärtsilä Svanehøj ECA Fuel Pump launched • 2016 Market and innovation leader with 80 LNGPac™ orders

4 © Wärtsilä PUBLIC Poseidon Med II - 2016 - Wartsila Greece LNGPAC - REFERENCES – OVERVIEW / STATISTICS

Total number of vessels equipped with Wartsila LNGPac™: 66 Distribution trend of LNG fuel gas vessels fitted with Wärtsilä LNG Fuel gas system

Total number of LNGPac™: 80 33 35 30 25 18 Total volume: 20580 m³ 20 15 10 5 5 2 2 Number of vessels in operation: 18 5 1 0 Number of vessels confirmed and/or under construction: 48 2011 2012 2013 2014 2015 2016 2017 + Delivery year Owner country Application Cumulative distribution of LNG fuel gas vessels Belgium 4 Dredger 3 Canada 14 Fish Feeder 1 fitted with Wärtsilä LNG Fuel gas system 70 Germany 2 Offshore special 1 66 60 Norway 15 Passenger 1 50 Sweden 3 Product Tanker 5 40 UAE 1 PSV 12 30 RoPax 20 USA 8 20 UK 17 RoRo 4 10 Finland 1 Tug 4 0 Special vessels 15 2011 Spain 1 2012 2013 2014 2015 2016 2017 + NOTE: Includes also LNG fuel gas tank deliveries of Hamworthy Year

5 © Wärtsilä PUBLIC Poseidon Med II - 2016 - Wartsila Greece ORIGINAL LNGPAC™ & GVU CONFIGURATION

6 © Wärtsilä PUBLIC Poseidon Med II - 2016 - Wartsila Greece Upgraded LNGPac - Efficient space utilisation Easy installation - Enclosed GVU

7 © © Wärtsilä Poseidon Med II - 2016 - Wartsila Greece Wärtsilä PUBLIC Upgraded LNGPac - Reduced installation cost Fewer interfaces - Integrated GVU

8 © © Wärtsilä Poseidon Med II - 2016 - Wartsila Greece Wärtsilä PUBLIC Upgraded LNGPac Maximised LNG storage volume Efficient space utilisation Fewer interfaces Reduced installation and Operating cost Increased reliability

9 © Wärtsilä PUBLIC Poseidon Med II - 2016 - Wartsila Greece TYPE C - MULTILOBE

Membrane • For certain applications with strict volume restrictions, a Type C, multilobe tank can be a better solution Type A & B

Wärtsilä Type C - multilobe

Type C - single lobe

Type C – bilobe

Type C - multilobe

10 © Wärtsilä PUBLIC Poseidon Med II - 2016 - Wartsila Greece WÄRTSILÄ 31 – EFFICIENT, FLEXIBLE AND ENVIRONMENTAL FRIENDLY

Top efficiency (over 50% thermal efficiency) 10V31 SG 10V31 DF Low pressure gas admission (<12bar)

Multi fuel engine offering flexibility 8V31 20V31 SG IMO Tier III on gas (no need for after treatment devices)

Optimized maintenance costs Wärtsilä 31DF Ready to Sail!

EFP Variable LNGPac Process Automation & Safety Gas Valve Unit Engine control Frequency Drive System system

LNG NG

FUEL GAS TREATMENT SKID

Engine load dependent flow control

Vessel: RoPax Ferry Wärtsilä scope of supply: Owner: Balearia (Spain) ¾ 2x LNGPac™ 440m³ Yard: Construcciones Navales del Norte SL (LaNaval) Horizontal, double-shell tank with vacuum-perlite insulation + Tank Connection Space with integrated Air Lock Number of vessels: 1 (new building) 2x Bunkering Station, 430m³/hr each, with local monitoring Classification: BV panel Process Control Automation & Safety System Delivery: 2019 Nitrogen generator Main vessel characteristics: Length: 232 m Speed: 22 kts

Passengers / Cars 1700 / 331 ¾ 4x 8L50DF (4S, 7800 kW) ¾ 3x 9L20DF (4S, 1440 kW) ¾ 4x DN100 + 3x DN50 GVUs ¾ 2x gearboxes ¾ 2x transverse thrusters ¾ 2x CPP propellers

>1,500 engines Æ >16,000,000 running hours

MERCHANT CRUISE & FERRY LNG Carrier 204 vessels CruiseFerry 1 vessel LPG Carrier 11 vessels ROPAX 3 vessels Tankers 14 vessels Ferries 12 vessels Containers 4 vessels Bulk Carrier 3 vessels Car Carrier 2 vessels 881 engines 66 engines

OFFSHORE DF CONVERSION Platform 2 vessels FPSO 4 vessels FSO 2 vessels Chemical tanker 1 vessel FPSO 6 vessels RORO 2 vessels Jack-up Rig 1 vessel Ferries 3 vessels OSV 24 vessels IWW 1 vessel 132 engines 36 engines

SPECIALS DF POWER PLANT Hopper Dredger 1 vessel Plants 82 Tugs 6 vessels Output 5031 MW Navy 1 vessel Online since 1997 Icebreaker 1 vessel IWW 16 vessels Guide ship 1 vessel Cable Layer 1 vessel 46 engines 376 engines