IEEJ:2009年11月掲載

Qatar LNG to Japan

Actual Status and Future Prospect

Tokyo, Japan 18th November 2009

Ahmed Al‐Khulaifi Chief Operating Officer Commercial & Shipping Qatargas Operating Company Ltd. IEEJ:2009年11月掲載

Leading the World in LNG (2009-2010)

Japan is the world’s is the largest consumer of world’s largest LNG. supplier of LNG.

Japan Rest of Demand Qatar Supply 32% 25% World Rest of Demand World Supply 68% 75%

2 DELIVERING LNG TO THE WORLD IEEJ:2009年11月掲載 A Relationship of Historic Milestones

MT of LNG into Japan 1st Qflex Tohoku Electric at Niigata

10 Years of Safe 1000th LNG LNG Deliveries Inauguration of Delivery 1st SPA signed 2010 1996 QG1 LNG plant 2007

10th 1st Vessel 1st QMax possible 1992 1997Anniversary 2008 Al Zubarah Ceremony built at Chiba, Japan 1st LNG Delivery Chubu Electric More than 6 mpta in future? at Kawagoe

Highlights include: annual visits by our Energy Minister, a visit by the Qatari Emir, and a visit by the Prime Minister of Japan. The relationship is also supported by strategic investments from Japanese firms into Qatar LNG supply projects.

3 DELIVERING LNG TO THE WORLD IEEJ:2009年11月掲載 Qatar LNG Deliveries in Japan

Reliable LNG supply to Japanese energy firms and their respective terminals. ‐Sakai ‐ Himeji ‐ Chita Hokkaido ‐ Yokkaichi ‐ Kawagoe ‐ Ohgishima Reliable investment for ‐ Sodegaura Japanese shareholders. ‐ Chita ‐ Negishi

‐ Futtsu ‐ Niigata ‐ Higashi‐Ohgishima ‐ Sodegaura Niigata ‐Yanai ‐ Mizushima Qatar Vessels to Japan Ohgishima Honshu ‐Himeji Negishi Sodegaura Al Bidda QFLEX Himeji Kawagoe Al Jasra Al Ruwais ‐ Senboku Mizushima Futtsu Yanai Sakai Al Khor Al Safliya Chita Higashi‐ Tobata Senboku Duhail Yokkaichi Shimizu Ohgishima Shikoku Al Wajbah Al Ghariya Oita Al Wakrah Tembek Al Zubarah A Hamla Kyushu Spot Buyers: Broog Al Gattara Kyushu Electric Power Shizuoka Gas Company Zekreet

4 • QFlex deliveries have been made to Niigata and Ohgishima Terminal to date. • Chita scheduled to receive QFlex in December 2009. DELIVERING LNG TO THE WORLD IEEJ:2009年11月掲載 Overview of Qatar LNG

Reliability.

Qatar Production MTA Total 77.5 Qatargas Ventures MTA Rasgas Ventures MTA QG 1 10.0 RL 16.6 QG 2 15.6 RL 2 14.1 QG 37.8RL 3 15.6 QG 47.8 Total 41.2 Total 36.3

5 DELIVERING LNG TO THE WORLD IEEJ:2009年11月掲載 Qatar LNG Shipping

Qatar’s LNG Fleet 14 Q‐Max Flexibility. 31 Q‐Flex 26 Conventional Ships

Qatargas’s LNG Fleet Rasgas’s LNG Fleet 13 Q‐Max 1 Q‐Max 19 Q‐Flex 12 Q‐Flex 12 Conventional Ships 14 Conventional Ships

6 DELIVERING LNG TO THE WORLD IEEJ:2009年11月掲載 Qatar Receiving Terminals

Market Reach.

• Qatar has invested in Receiving Qatar’s Terminal Capacity Terminals. South Hook, UK 15.6 • This investment has brought Golden Pass, USA 15.6 energy security to LNG consuming countries. Adriatic LNG, Italy 5.9

7 DELIVERING LNG TO THE WORLD IEEJ:2009年11月掲載 Qatar’s Global LNG Network

Office Qatar Owned Terminal 3rd Party Receiving Terminal

UK South Hook Poland

France Italy Japan US Spain Korea

Kuwait JLO Golden Pass China Mexico Ras Laffan Taiwan India

8 DELIVERING LNG TO THE WORLD IEEJ:2009年11月掲載 Meeting the LNG Demand of the Future

• Qatar remains a strategic partner for Japanese firms. Global Financial Crisis ‘09 • Qatar provides a lower carbon

US emissions energy alternative. Recession ‘01

Asian Financial Crisis ’97‐’98 • Qatar supplies reliable LNG US Recession ‘90‐’91 with unprecedented market reach and flexibility.

IEA Data

9 DELIVERING LNG TO THE WORLD IEEJ:2009年11月掲載 Future Possibilities for Japan

• Japan faces an 100 increasing gap 90 between contracted 80 Supply Gap supply and future 70 LNG demand. of 60

MT 50 • 40 New LNG Projects 30 after 2015 may not 20 materialize. 10 0 • Global LNG Market 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023may 2024 tighten 2025 after 2015. Domestic Production LNG Long Term SPA Potential SPA Uncontracted Supply Gap Gas Demand

Source: Wood Mackenzie

Japan faces a long term security of supply risk. Japan risks increasing prices in a tighter supply market.

10 DELIVERING LNG TO THE WORLD IEEJ:2009年11月掲載 お問合せ：[email protected]

Thank You

11 DELIVERING LNG TO THE WORLD