Business activities and expertise Cargo handling systems and Cargo handling systems for tanks for Gas Carriers Offshore units

ƒ LPG carriers, CO2 carriers ƒ FSO/FPSO for LPG ƒ Ethylene carriers ƒ FSRU and FPSO for LNG

ƒ LNG carriers ƒ CO2 liquefaction, storage, and offloading units

6 Business activities and expertise Gas Tankers (LPG, Offshore units for LPG and

Ethylene, CO2, LNG) LNG ƒ fully pressurized LPG carriers ƒ conversion of VLGC to LPG ƒsemi-pressurized LPG carriers FSO/FPSO up to 30,000 m³ ƒ new building of LPG FSO/FPSO ƒ fully refrigerated LPG carriers ƒ conversion of LNG carrier to ƒ Ethylene carriers FSRU or FPSO ƒ new building of LNG FSRU and ƒ CO2 carriers ƒ small and medium size LNG FPSO carriers up to 75,000 m³ ƒ CO2 liquefaction/offloading ƒ design and supply of cargo ƒ design and supply of cargo handling systems and cargo handling systems tanks ƒ design and supply of patented cargo tanks

7 Services EPCS contractor (Engineering, Procurement, Construction supervision) • Technical / commercial feasibility studies • Conceptual design studies • Front end engineering design • Project management • Basic engineering • Detailed engineering • Procurement • Construction or construction supervision • Commissioning and start-up • Training of operators

8 Tank fabrication expertise • TGE has successfully fabricated cargo tanks for gas carriers in China since 1988 and cooperates mainly with Jiangnan Heavy Industries • TGE trained Chinese welders and engineers in different steel grades and contemporary welding techniques • Jiangnan Heavy Industries belongs to Jiangnan Shipyard – Oldest Chinese shipyard, belonging to CSSC – Very experienced in commercial building for international clients – Comprising highly reputed steel and machinery group (JNHI) – Longest track record for the construction of gas carriers in China

15 Tank fabrication expertise • 170 bilobe, cylindrical and prismatic tanks have been built or are currently under construction. Tank material references comprise: 5% Nickel-steel, 0,5% Nickel- steel, High strength steel, Stainless steel total net steel weight: more than 55,000 tons • TGE offers, in cooperation with its partners, reliable deliveries and first class quality. Tanks have been delivered to European, Korean and Japanese shipyards TGE’s scope: ¾ Tank design ¾ Supply of all material ¾ Supervision of fabrication ¾ Supply of completely fabricated and tested tanks to the yard

16 Bilobe tanks for 22,000 m³ Ethylene Carrier

17 Stainless steel tanks for 7,500 m³ LNG Carrier

18 Fabrication of prismatic tanks for 23,000 m³ LPG Carrier

19 Ship design – global scope

• Sophisticated design packages for all types of gas tankers • Close cooperation with customers and classification societies • Delivery of high quality documents based on solid technical competence combined with state-of-the-art software tools • Consultancy during the whole design and construction period • Efficient designs for high vessel profitability as well as economic construction

20 Major clients

Shipyards: Petrochemical / Oil: - Samsung, Daewoo, STX, Sekwang HI - ConocoPhillips - Jiangnan, Hudong-Zhonghua, - Formosa Petrochemical Sinopacific HI, Shanghai Edward Corp. - Sanoyas, Sasaki, DePoli, Remontowa - Thyssen, Meyer-Werft

Shipowner: - Schulte Group, Solvang, Anthony Veder Group, Sloman Neptun, A.P. Moller, NGC, Naftomar, Hartmann, Lauritzen Kosan, Navigator, BLT, Pedredec, Harpain Shipping, Benelux Overseas, Othello Shipping Ugland, E-

21 EPCS main references

Gas carriers: LNG carriers: - More than 120 gas carriers - 7,500 m3 LNG-carrier for Anthony contracted Veder group - Fabrication and delivery of - Consultancy for 150,000 m3 LNG- more than 170 cargo tanks carrier

FSO: LNG-Floaters: - Conversion of 78.000 m3 LPG- - Conceptual design & basic carrier to FSO for A.P. Møller engineering for 250,000 m³ and 3 - Gas handling system for 300,000 m LNG-FSRU 95.000 m3 LPG-FSO built at - Pre-FEED for LNG-FPSO Samsung Yard for - Conceptual designs from ConocoPhillips 5,000 m3 up to 80,000 m3

22 EPCS main references: LNG/LEG-carriers

7,500 m3 LNG/LEG-carrier: MT “Coral Methane” loading at • Owner: Anthony Veder, Holland Zeebrugge LNG Terminal • Yard: Remontova, Poland • Classification: BV • Completion: 2009 • Scope: Complete gas handling system & cargo tanks & ship design

23 EPCS main references: Ethylene-carriers

8 x 17,000 m3 LEG-carrier: 5 x 22,000 m3 LEG-Carrier: • Owner: Harpain Shipping(GASCHEM) • Owner: • Yard: Meyer-Werft, Germany • Yard: Jiangnan Shipyard, China • Classification: DNV • Classification: GL • Completion: 2009 • Completion: 1999-2000 • Scope: Complete gas handling system • Scope: Complete gas handling system & cargo tanks

24 EPCS main references: Ethylene-carriers

8 x 8,000 m3 LEG-carrier: 3 x 5,600 m3 LEG-Carrier: • Owner: Lauritzen Kosan • Owner: Anthony Veder • Yard: Sekwang HI, Korea • Yard: De Poli, Italy • Classification: BV • Classification: RINA/BV • Completion: 2007 • Completion: 2007 • Scope: Complete gas handling system • Scope: Complete gas handling system & & cargo tanks & ship design cargo tanks

25 EPCS main references: LPG-carriers

2 x 23,000 m3 LPG-carrier: 8,600 m3 LPG-Carrier: • Owner: Qatar Shipping • Owner: GEOGAS, Switzerland • Yard: STX, Korea • Yard: Sasaki/Sanoyas, Japan • Classification: DNV • Classification: BV • Completion: 2003-2004 • Completion: 2007 • Scope: Complete gas handling system • Scope: Complete gas handling system & & cargo tanks & ship design cargo tanks

26 EPCS main references: LPG-FSO’s

78,000 m3 LPG-FSO ’N’Kossa II’ 95,000 m3 LPG-FSO ‘Liberdade’ • Owner: A.P. Moller group • Owner: Conoco Phillips • Yard: Odense Lindø, Denmark • Yard: Samsung Heavy Industries, Korea • Classification: BV • Classification: Lloyd’s Register • Completion: 1996 • Completion: 2003 • Scope: Chilling units, booster pumps • Scope: Complete gas handling system + cargo heater, deck piping system • Vessel: Conversion of LPG-carrier

27 TGE – pioneer in new technologies

Significant market potential in addition to TGE’s core business: ƒ Small to medium-size LNG carriers with IMO type C tanks ƒ FLNG solutions from 5,000 to 80,000 m³ with type C tanks for FSRU and FPSO projects (Æ utilize “stranded” gas reserves; target market: isolated energy centres) ƒ Efficient LNG BOG reliquefaction based on cascade technology for MAN ME-GI dual fuel engine ƒ LNG fuel gas systems

ƒ CO2 shipping and offshore liquefaction/storage

28 Small to medium-size LNG carriers

• Capacities: 5,000 m3 up to 70,000 m3 • Ship design packages available • Cargo tanks: cylindrical or bi-lobe type C • Tank material: 9% Ni-steel or Stainless steel

29 Small Scale FPSO: 0.5 mtpa

• IMO type C tanks • 40,000 m³ storage capacity • 4 cylindrical storage tanks • L x B x D: 145 x 43 x 24 m

30 Small Scale LNG FSRU

• Required storage capacities for isolated energy centres much smaller than existing LNG carriers (Æ conversions not economic) • Floating solutions faster to implement • Barge concepts with same reliable tank technology (IMO type C pressure vessels) • Designs available for different processes and heating sources,

based on know-how from large 10 mtpa LNG receiving terminal in LNG import terminals Mugardos/Spain delivered by TGE as EPC contractor

31 Efficient LNG BOG reliquefaction for MAN ME-GI dual fuel engine

ƒ Excess Gas Reliquefaction is an energy- and cost efficient option for LNG Carriers ƒ The combination of MAN-ME-GI engine, Burckhardt Compression Laby®-GI BOG- compressor and TGE cascade process offers a wide range of operating flexibility at optimised energy consumption ƒ The system is based on a combination of well known, reliable components

34 LNG fuel gas systems (for merchant vessels)

• Pending MARPOL VI revision will force vessels operating in Environmental Control Areas (ECAs) to use expensive MGO fuel oil by 2015 – hardware remedies are expensive • In 2016 vessels operating in ECAs will be forced to reduce Nox emissions by 80% - remedies are costly • Norway and Sweden have adopted costly NOx emissions taxes, EU wide taxes will be introduced in the future, these will include CO2 emissions taxes • EU regulations (SOx reduction) will require all vessels in port to operate on MGO or LNG after 2010

35 TGE’s New Fuel Gas Systems

• Capitalize on know-how gained from existing references • Isabella Kosan • Coral Methane • Capitalize on experience in competitive tank fabrication • Vacuum insulated tanks in co-operation with CIMC or • Standard panel or foam in-situ insulation for type C tanks • Development of new tailor-made systems: • Avoid expensive in-tank pumps or oil-free compressors • Compact arrangement • Automatically controlled operation • Patent application pending

36 CO2 shipping and offshore liquefaction /storage • Green House gas reduction

• 20% CO2 reduction in the EU by 2020

• Coal fired power plants are the biggest CO2 emitters - coal acounts for 2/5 of the world‘s energy mix - CCS for new power plants will be compulsory in the EU by 2015 - CCS compulsory to be retrofitted by 2025

Source: www.bellona.org 37 TGE’s offshore solution for CO2 Liquefaction

40,000 cbm CO2 FLSO Hub (Floating Liquefaction Storage and Offloading)

− 1.000.000 t/a throughput − power consumption 6.500 kW − l = 145.6 m − b = 44.8 m − d = 18.75 m − Draught = 10.6 m

38 TGE’s shipping solution: CO2 Carrier

• Capacities: 10,000-60,000 m3 • High pressure injection • Cargo heating system • Dynamic Positioning System • Turret Mooring System

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