WEST JAVA FLOATING STORAGE REGASIFICATION TERMINAL (FSRT)

Hendra Jaya President Director : PT Nusantara Regas

Dinner Talk 1st February 2012 Floating Storage Regasification Unit (FSRU): Its implication to Indonesias Gas Business Landscape, Including Commercial, Technical and Operational Aspects

Disclaimer
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JAVA GAS SUPPLY-DEMAND
Proposed pipeline Existing pipeline SSWJ Cilegon Jakarta (Haurgeulis, Pamanukan, Jatibarang) ONWJ Muriah Cirebon Semarang (Pangkah, W Madura, Ketapang, Poleng)

2.4
Gas production Planned location for LNG regas terminal

Cepu Gresik (Tiung Biru/Jambaran, Madura Strait Madura offshore Cepu, Gundih) Surabaya Wortel Tuban Sampang Brantas Central Java 2020 2350 400 500600 1350-1450 400-500 2012 200 150 2015 220 200 0 20 2020 250 150 0 100 East Java 2012 670 850 2015 650750 600 0 50-150 -

Kangean

Mmscfd West Java 2012 2015 Demand1 Local production SSWJ imports2 Shortfall Shortfall after FSRU Infrastructure needed 1800 600 700900 300-500 0-50 LNG terminal 1 2050 600 700980 470-750 20-300 2020 700800 700 0 0-100 -

0
50

0
N/A -

Potential for additional FSRU Source: Wood Mackenzie; Pertamina Team Analysis

LNG SUPPLY
MTPA 3.5 3.5

3.5
Domestic Supply? US LNG Additional Supply? Demand Additional Mahakam PSC Supply? Mahakam PSC
Demand

Demand

3.0 3.0 3.0

2.5 2.5 2.5
Domestic Supply to fulfil 3 MTPA

2.0 2.0 2.0

1 MTPA Additional Supply 1 MTPA US LNG Additional Supply

1.5 1.5 1.5

1.0 1.0 1.0

0.5 0.5 0.5 0.0 0.0 0.0 2012 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2012 2013 2013 2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 2021 2021 2022 2022
Contract Year ACQ in MT 2012 1.50 2013 1.25 2014 1.25 2015 1.25 2016 1.00 2017 1.00 2018 1.00 2019 1.00 2020 1.00 2021 0.75 2022 0.75

WEST JAVA FSRT PROJECT

Power Plant Muara Karang : - Existing - Repowering Tanjung Priok : - Existing - Repowering TOTAL Capacity MW 508 720 1,180 750 Gas Req. mmscfd 290 Gas Supply Balance mmscfd mmscfd 110 -180
Gas demand in this area for PLNs power plants on Tanjung Priok and Muara Karang brings to around 400 mmscfd (~3 MTPA) of additional gas supply need. To fulfill this requirement, HoA between NR and PLN has been signed on 12 October 2010

300 590

10 120

-290 -470

FSRU LOCATION

PLN MUARA KARANGN

LOCATION: 5o 58 28,920 LS dan 106o 47 57,96 BT RADIUS : 2 KM , WATER DEPTH: 22 23 M PIPING LENGTH FROM SHORE: 15 KM

FAST TRACK FSRT PROJECT

Aquarius Vessel Indonesian Owner and Flag

LOKASI FSRT DI TELUK JAKARTA

Rekayasa Indsutri

FSRU KEY TERM LOKASI FSRT DI TELUK JAKARTA

Source: Golar LNG Energy

PROGRESS UPDATE
FSRU Conversion Progress December 2011: 88.29%

Source: Golar LNG Energy

PROGRESS UPDATE

Subsea Pipeline-ORF Progress December 2011: 86.41%

CLOSING REMARK LNG supply for domestic gas consumption could be realized by operation of West Java FSRT. This project as the 1st Indonesian floating LNG receiving terminal is a milestone on gas infrastructure, and is expected to be commissioned in the 1st quarter or early 2nd quarter 2012. Fast track project has caused the project becomes very challenging. Additional LNG supply to fulfill FSRU capacity will be beneficial to West Javas gas consumers.

10

THANK YOU