July 2020Delfin Midstream- North American LNG export using FLNG

Corporate Presentation

Key Take-Aways

Fully permitted project with 13 MTPA export licence from Department of Energy

Lowest cost project and smallest FID increment (<550 $/tpa (all-in) for 3.5 MTPA)

FLNG design development with SHI and Black&Veatch on a full “LSTK EPC wrap” basis

No need for new pipelines - Re-purposing of offshore pipelines connecting into existing onshore grid

Leveraging low cost Asian shipyard fabrication and Export Credit support

Developing Upstream JVs and Downstream integrations (LNG-to-power, LNG bunkering, break-bulk)

Supported by strong and committed shareholders to fund the Delfin project to FID

Key differentiators: (A) Low cost, (B) Smaller scale, (C) Commercial flexibility, (D) Expansions

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Capitalizing on two major Industry Revolutions

Shale RevolutionFloating LNG Revolution

>35 FSRUs have opened up

new markets and many new

import countries, importing 10-

15% of global LNG supply

7 FLNGs in operation or under

construction (supplying ~5%

of global LNG)

The Combination:

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The LNG market is stuck with traditional models that do not address the world’s demand for low cost

flexible LNG to become a preferred fuel-of-choice over coal and liquids

▪ The Traditional Model is pursuing “Economies-of-Scale” with major projects of 10+ MTPA requiring many long-term offtake

contracts to underpin the financing

▪ The world markets need low-cost, flexible LNG supply and has limited capacity to underpin major conventional projects

▪ The Solution: Standardized Floating LNG allows the costs to be 20-40% cheaper with FID thresholds of just 2-2.5 MTPA

▪ Delfin LNG will consist of:

o Terminal with moorings for 4 FLNG Vessels located 50 miles offshore of

Cameron Parish, Louisiana

o Existing 42” UTOS (owned) and HIOS (long-term leased) subsea pipeline

systems re-purposed to transport gas from shore to the terminal

o Subsea pipeline end manifold, spur flowline to single-point, disconnectable

mooring system for FLNG Vessels

o Existing pipeline interconnects with several major onshore natural gas

pipelines, including onshore natural gas compression facility (owned)

▪ Delfin owns the intellectual property: environmental permits, export licenses,

completed FEED studies, right to operate FLNG vessels, marketing organization

▪ Delfin’s FLNG Vessels are based on the “offshore proven” Black & Veatch

PRICO liquefaction technology

▪ Delfin’s FLNG Vessels offer significant advantages over onshore liquefaction

facilities:

o Lower capital costs per ton for smaller FID threshold

o Shorter construction periods, reducing financing costs

o Lower environmental / community impact

o Mobility allowing for maximized economic value

▪ Each FLNG Vessel to be financed (debt and equity) at the project level with its

own commercial/financial structure

Gulf of Mexico Project Overview

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Anchor project: Delfin LNG

UTOS

Pipeline(42”, 30 miles)

HIOS

Pipeline(42”, 21 miles)

WC 167

FLNGV1

FLNGV3

FLNGV2

FLNGV4

Grand ChenierPipeline

(30”)

FLNGV5

FLNGV6

Station 44 Grand Chenier

Station

WC 171

GoM Projects

Expansion project: Avocet LNG

Delfin Midstream owns a second pipeline system (Grand Chenier pipeline) which may

be developed for either:

▪ A second Deepwater Port (Avocet LNG) for an additional 2 FLNGV

▪ Increased feedgas supply to the Delfin DWP to enhance gas supply flexibility and

security or expand with additional FLNG Vessels at the Delfin Deepwater Port

Delfin LNG Avocet LNG

Key differentiators: Lower Costs & Faster FIDs

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FLNG FID with 2.0-2.5 MTPA of Offtake compared to 10+ MTPA for land-based projects

Lower Unit Costs Lower Project Viability Thresholds Faster FIDs

Note: Delfin’s total costs are around 500-550 $/tpa and includes all costs up to start of commercial operations (incl. FLNG Vessel, disconnectable mooring system, pipeline connections, owner’s

costs, transit, installation, commissioning, contingencies), excl. finance costs, on a nameplate capacity basis

450

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600

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0 3 6 9 12 15 18 21 24 27 30

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LNG Nameplate Capacity (MTPA)

Delfin

FLNG Vessels

Lower Costs & Smaller Scale offer opportunities

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450

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LNG Nameplate Capacity (MTPA)

Delfin

FLNG Vessels

▪ Delfin can offer a discount on a toll of 0.20 to 0.40

$/mmbtu (depending on term, credit and other details)

▪ Delfin can offer discounted rates for shorter terms of 15,

12 or even 10 years

▪ Delfin can offer enhanced flexible pricing. For example, a

flexible tolling structure with a floor of 1.70 $/mmbtu and a

ceiling of 2.40 $/mmbtu, fluctuating based on a an agreed

index (Brent, HH, JKM, etc)

▪ Intrinsic value of a floating asset enhances the viability for

shorter term contracts

▪ Successful marketing of the Delfin vessels will enable

Delfin to provide solid returns to its shareholders while

maintaining lowest competitive rates for its customers

Benefits of cost differences

▪ Each FLNG will have full commercial flexibility (toll / SPA / integrated, etc.)

▪ With firm, creditworthy offtake of 2.0 to 2.5 MTPA, which secures debt

financing, Delfin can take FID. Large projects need to secure many offtake

deals before FID is in sight providing uncertainty to the foundation Buyers.

▪ Delfin can offer equity participation to a buyer on the FLNG (at Project Level)

▪ Delfin can offer slot flexibility to customers that wish to maintain optionality on

their FID timing, i.e. a firm offtake agreement with optionality on FLNG slots

▪ A dedicated slot in a downstream value chain can link its FID to the

downstream FID (e.g. a large power plant can decide the FLNG FID)

▪ Allocating 250 mmscfd from upstream reserves to an integrated project is a

feasible option for many upstream producers and would already take 50% of

an FLNGV capacity, enabling more easily and Upstream integrated project

Benefits of FID threshold differences

800 $/tpa

550 $/tpa

3.5 MTPA 12+ MTPA

▪ Utilizing existing pipelines (i.e. Delfin LNG is partly “brownfield”)

▪ No need for new onshore pipelines

▪ Low cost Asian labor

▪ Standardization of generic liquefier FLNG technology

▪ Manufacturing-like construction process in shipyard

▪ Construction at existing yard which eliminates investments on sites

and utilities to enable plant fabrication

▪ LNG offloading is done in a side-by-side configuration, which

eliminates the need for long cryogenic pipelines and marine

infrastructure (i.e. the LNGC berth is an integral part of the FLNG)

How to achieve material cost savings?

Commercial Structuring – Maximum Flexibility

Financing of US Export Projects

▪ Financing is a key commercial constraint for each project

▪ US projects have been financed on the back of HH+ offtake

commitments with credit worthy offtakers.

Delfin is Uniquely Different

▪ FID in smaller increments at lower unit costs

▪ Build in an Asian shipyard to support vendor and Export Credit

Agency financing

▪ Flexible asset, which can be re-deployed (facilitate shorter

contracts, asset intrinsic value)

▪ Each FLNG Vessel can make FID independently, with it’s own

financing and commercial model

A) Traditional Toll or HH Indexed FOB (10-20 years)

Toll can be flexible and be partially indexed to LNG prices, Brent, or

indices or a mix

B) Integrated Upstream-Liquefaction Joint Venture

Reserves+FLNG vessel are in a JV that produces gas, transports gas

to the FLNG vessel and sells FOB LNG (on an index basis)

C) Strategic Partnerships (e.g. Traders/Producers)

Delfin and Partner Joint Venture with some balance sheet support

from Partner supporting debt financing

D) Integrated LNG-to-Power project

Delfin contributes a dedicated FLNG slot to an integrated value chain

development, creating full value chain alignment

E) LNG FOB to bunker / small-scale buyersBunkering and small-scale volumes sold on small parcel basis

Illustration of Delfin’s commercial optionality

UTOS Avocet

HIOS

FLNGV-1 FLNGV-2

FLNGV-3 FLNGV-4

FSRU

LNGC

Gas-to-Power

Gas distribution

LNG break-bulk

Upstream hydrocarbon reserves

Upstream IntegrationJV of upstream reserves with

a dedicated FLNGV slot

selling LNG on SPA basis

Downstream IntegrationJV of liquefaction and

downstream market

Toll / LNG SPA FOB(e.g. fixed, flexible, HH, Brent,

TTF, JKM, mixed, . . .)

LNG DES SPA(e.g. fixed, flexible,

HH, Brent, TTF, JKM,

mixed, . . .)

LNGC

LNG bunkering FOB

LNGC Bunker

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Differentiation for Chinese / Korean players

LNG Offtake Financing FLNG ConstructionUpstream gas supply &

Gas Transportation

Delfin has mature FLNG Vessel solutions for construction in Korea and China

Delfin offers lowest cost US LNG, significant commercial flexibility and significant in-country contents to local LNG Buyers, marketing to established LNG buyers, regional gas companies and power companies

Delfin and Shipyards work jointly towards ECAs and debt financiers to secure favorable export credit support and export debt financing

Complete construction of the FLNG, topside module fabrication, integration, completion and pre-commissioning/commissioning in country

Additional opportunities are possible for E&P companies or gas/commodity trading to produce/ North American shale gas as feed gas supply for liquefaction onboard Delfin FLNG Vessel and structure the project as an integrated project

L N G F L N G

Shipyard Group Leasing Arms

Chinese / Koreans lenders

Export Credit Agencies

Export-Import banks

95% of the project CAPEX can be constructed in Asia

The big three Chinese Buyers

2nd tier Chinese Gas Companies

KOGAS

Korean GenCo’s / IPPs

Import Developers

Chinese Yard(s) & module fabricators

Samsung Heavy Industries

E&P Companies

Integrated O&G

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Permitting Success

Major Milestones Accomplished

▪ DOE approval to export gas to Free Trade Agreement (“FTA”) countries

▪ Pre-filing work for Maritime Administration (“MARAD”) and Federal Energy Regulatory Commission (“FERC”) permits

▪ Formal submission of MARAD and FERC permits

▪ Receipt of MARAD determination that application was “complete”

▪ Successful modification of application for change in technical design

▪ Receipt of Draft Environmental Impact Statement (“DEIS”)

▪ Receipt of Final Environmental Impact Statement (“FEIS”)

▪ Receipt of Record of Decision (“ROD”)

▪ DOE approval to export gas to Non-Free Trade Agreement (“FTA”) countries

▪ FERC Order Received for Land-based infrastructure

Notable Reports / Ancillary Permits

▪ Application to Louisiana Department of Natural Resources

▪ Application to US Army Corps of Engineers

▪ Coastal Zone Management Consistency Certification for Louisiana

▪ Coastal Zone Management Consistency Certification for Texas

▪ US Environmental Protection Agency (“EPA”) Region 6 Permit

▪ Louisiana Department of Environmental Air Permit for onshore facilities

▪ Port Operations Manual

▪ Various modeling reports – air, noise, dispersion, spill consequence

▪ 12 resource reports for FERC Certificate of Public Convenience and Necessity

Successfully permitted the first FLNG project in North America

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Permitting of Avocet and expansion projects in GOM will be short

and cost-efficient by leveraging the Delfin permitting work

Abundant Gas Supply and Transportation

Delfin is able to make FID in 0.5 BCF/day increments allowing for FID(s) without building new pipeline

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Source: Company Information, EIA

▪ Delfin’s offshore pipelines connect directly into the

onshore pipeline grid with access to various basins

(Haynesville, Carthage, Perryville) as well as other

shale basins (SCOOP/STACK, Marcellus, etc.)

▪ Multiple options have been structured to secure

pipeline capacity for at least the first two FLNG

Vessels

▪ Pipeline capacities can be increased by adding

compression and/or reversals

▪ Detailed discussions ongoing with several different

pipeline and gas supply service companies for

commercial terms and Precedent Agreements

▪ Given the smaller capacity needed per FLNG

Vessel FID there is ample opportunity to utilize

existing, un-used pipeline capacities

Lake Charles

Port Arthur

Delfin

Deepwater Port

UTOS Avocet

HIOS

FLNG History & Outlook

First FIDs

FLNG Growth

Key Factors:

▪ Technical concepts

▪ Business Models

▪ Contract &

Execution Models

▪ Clients / partners /

stakeholders

20162007

Pioneering work

70’ies 80’ies 90’ies

Various proposal and studies

but with limited potential

▪ Production successfully kicked-off

▪ Developed as a reliable and robust production scheme

▪ Adopted and endorsed by key stakeholders(IOCs, NOCs, Independents, Buyers, Lenders, Insurers, etc.)

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Hilli Episeyo

Tango

PFLNG-1

Prelude

In operation

FLNG is an Established Industry Technology

FLNG advantages offer great benefits for North American applications

▪ Liquefier FLNG Vessels offer significant lower costs and are proven in operation

▪ Large cost savings by re-purposing of existing offshore (obsolete) pipelines

▪ Bundling process facilities and marine terminal infrastructure

▪ Construction of the entire facility at existing Asian yard facilities in a controlled

environment, based on proven practices for construction, lowering costs and shortening

the execution schedule

▪ Enhanced control and supervision of costs and schedule in execution

▪ Minimal use of land and shore facilities

▪ Favorable financing support / credit enhancement

▪ Repeatability and standardization for subsequent vessels

▪ Redeployable

Delfin FLNGs are “Liquefiers” providing all-in costs of 500-550 $/ton(1)

Successful execution of FLNG Hilli Episeyo

From FID to COD in less than 4 years

✓ EPC schedule 41 months

✓ Total costs (into service) << 500 $/t (on

nameplate basis)

✓ 100% commercial availability since COD in

May 2018

Note:1: includes all costs up to start of commercial operations (incl. FLNG Vessel, disconnectable mooring system, pipeline connections, owner’s costs, transit, installation,

commissioning, contingencies), excl. finance costs, on a nameplate capacity basis

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Petronas FLNG-1Malaysia

Shell Prelude FLNGAustralia

Exmar FLNG bargeYPF Argentina

(small-scale; costs > 500 $/t)

Golar Hilli Episeyo, Cameroon

Petronas FLNG-2Malaysia

ENI Coral FLNGMozambique

BPK / Golar GimiMauritania/Senegal

Wellstream producing FLNG Vessels

>> 1000 $/ton

Liquefier FLNG Vessels

< 500 $/t

“Liquefier” versus “Wellstream Producer”

Typical additional features

▪ Reservoir, well and subsea controls

▪ Multiple risers and umbilical system

▪ Flow assurance systems

▪ Inlet separation and treatment (water,

sand, impurities, liquids, etc.)

▪ Condensate / LPG separation, handling,

storage and offloading

▪ Additional utility and support systems

Delfin Liquefier FLNGReceives pipeline quality feedgas

Wellstream Producer = LNG FPSOProduces a raw wellstream from a reservoir(s)

Lower CAPEX & OPEX – Standardization – High

availability - Redeployable

Project/Field specific – additional complex process systems -

reservoir/well operations – higher CAPEX & OPEX

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Delfin FLNG Vessel Designs

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Common particulars for all the Delfin FLNG Vessel designs

▪ 2-train PRICO liquefaction technology with parallel drives per train

▪ Single train pre-treatment design (AGRU, Dehydration, Hg removal)

▪ Modularized topsides with air cooling for hull and topside systems

▪ Side-by-side offloading

▪ Offshore Classed and Flag with min. 25 years design life

A. Newbuild FLNG Vessel

▪ FEED to be completed Q3 2020

▪ LSTK EPCIC Term Sheet negotiated

▪ Consortium of Samsung and Black & Veatch responsible under a single contract for ”EPC wrap”,

with completion, schedule and performance guarantees satisfying project finance

B. Conversion FLNG Vessel

▪ Conversion of a modern Moss LNG carrier

▪ Lengthening of vessel with insertion of new midship section

▪ FEED completed and EPC bids received

▪ Cooperation with Chinese (or Singaporean) shipyards and Black & Veatch

C. Electric-driven Newbuild FLNG Barge (targeting an additional NA project)

▪ Newbuild barge

▪ Electric driven (Hydro-power supply from shore)

▪ Pre-FEED completed

▪ Cooperation with Consortium of Samsung and Black & Veatch

Offshore Installation, Ship-Shaped LNG Production and Storage Unit, POSMOOR, BIS, HELIDK (optional)

FLNG NewbuildingConsortium

LSTK EPCIC

3 FLNG designs developed based on the generic 2-train design

PRICO SMR – The right technology for FLNG

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Why PRICO SMR?

▪ Well proven on onshore and floating applications

▪ Simple in operation (starting, stopping, re-starting, turn-down)

▪ Well managed technical risks

▪ Applied over a broad range of capacities & gas compositions

▪ Heavies removal integrated in the process

▪ One train = one module concept

▪ A compact system allows a ideal layout optimized with hull sizing

▪ Low topsides weight

▪ Considers environmental impact with air cooling and eliminating

emission issues

▪ Marinized technology

▪ Excellent track record for Performance Acceptance Tests

demonstrating Guaranteed Production and reliable offshore

production

▪ Proven offshore with low costs

▪ Proven offshore with very high availability

▪ Proven offshore with competitive execution schedule

▪ Proven offshore with highly competitive efficiency

▪ Proven offshore with short commissioning period

▪ Proven offshore for small footprint applications

▪ Proven offshore for Offshore Codes & Standards

Proven for Offshore FLNG applications

Exmar FLNG bargeYPF Argentina

(in operation)

Golar Hilli Episeyo, Cameroon(in operation)

BPK / Golar GimiMauritania/Senegal

(under construction)

OPEX and Efficiency

Liquefactionsystem

Gas turbine

WHRU Turbine GGeneral vessel

consumers

Direct-driven liquefaction and waste-heat recovery

▪ Offshore proven and efficient PRICO Single-Mixed

Refrigerant liquefaction technology (SMR also selected

by major onshore projects)

▪ Lifecycle cost and efficiency optimized design

▪ Mechanical drive of the refrigerant compressors by aero-

derivative gas turbines

▪ Inlet air chilling of the gas turbines to maximise the power

output

▪ Waste-heat recovery from the gas turbine exhausts is

used to provide process heating and to produce power for

topsides and hull consumers

▪ Direct air cooling of mixed refrigerant increases

production efficiency compared to a seawater-fresh-water

cooling system

Topside heat consumers

Delfin Liquefier FLNG▪ An FLNG is an integrated and efficient design that allows OPEX to be low (abt.

0.45 $/mmbtu on nameplate basis and less for multiple FLNGVs in operation)

and competitive to land-based facilities

▪ Delfin is in full control over the Delfin Deepwater Port allowing the Port service

costs to be well controlled (at-cost, no profit centre) and lower than for land-

based facilities (e.g. no pilotage, no inherent costs like dredging, at-cost port

fees)

▪ Being offshore allows a significant saving in time for visiting LNG carriers and

no risks of navigational delays and external factors (Pilot Unions, congestion

events, one-way-traffic, fog delays, Port fees)

IAC

World-class fuel efficiency and overall retainage performance

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Delfin Deepwater Port Operations

▪ The Delfin Deepwater Port will operate as a Port under MARAD and U.S. Coast

Guard authority, with Port operation manuals and procedures as any other coastal

port

▪ Advantages of the Delfin Deepwater Port versus an onshore LNG terminal:

o Delfin is 100% owner and operator controlling Port services and fees at-cost (no

profit centre)

o High berth availability (1 berth per 3.5 MTPA) and >100 small-scale berth p.a.

for each FLNGV

o No congestion from shipping traffic or “one-way-traffic” rules – Delfin DWP is 40

nm offshore

o Less fog and fog related navigational restrictions compared to onshore LNG

plants

o No restrictions related to traffic delays, shoals or obstructions following a

hurricane

▪ Side-by-Side LNG carrier operations is a well-established practice with several

thousands performed between LNGC/FSRU and LNGC/FLNG as well as for small-

scale and bunkering applications

▪ LNG carriers will be assisted by tugs to berth alongside with Mooring Masters

assisting the LNGC captains

▪ The location is a benign location, with predominantly low and short waves

concurrent with wind directions, offering favorable SBS conditions

▪ The FLNGV is single-point moored using a disconnectable system and with

redundant heading-control thrusters

▪ The FLNGV can disconnect from the mooring and sail away on its own propulsion

to avoid any severe hurricane passing over the site

Deepwater Ports have proven operations for decades

with well defined regulatory governance

Standard procedures for navigation and

cargo operations at FLNG terminals

▪ Visiting LNG carriers tender Notice-Of-

Readiness

▪ Mooring Master/Pilot will board LNGC

▪ Tugs will connect aft and forward

▪ LNGC approaches FLNG on SB side

▪ Mooring lines are transferred

▪ LNGC berthing and moored

▪ Connection of Loading Arms

▪ Cargo transfer

▪ Disconnect loading arms

▪ Disconnect mooring and depart

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Delfin Deepwater Port – A small-scale LNG hub

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LNG export to nearby markets

using small-scale LNG carriers

(3,000-30,000 cbm)

LNG distribution for LNG bunkering and

other small-scale consumptions

Mexico

▪ Delfin is the owner and operator of the Delfin Deepwater Port (DWP) and therefore in full control of the operations, allowing for

supplemental small scale distribution of LNG from the facility

▪ The Delfin DWP will consist of 4 FLNG Vessels with a total of 13 MTPA export capacity

▪ Each vessel is fully equipped with a berth and offloading facilities (~3.5 MTPA / berth)

▪ The mooring, offloading, cargo and process systems are designed or can be amended to suit small-scale LNG carriers, with dedicated

berth facilities for full small-scale compatibility

▪ Given the high berth availability, benign metocean conditions and heading control capabilities each FLNGV can provide an efficient LNG

supply hub for small scale vessels

▪ A total of 200,000 – 400,000 MTPA of small-scale supply can well be incorporated in the production planning and ADP per FLNG Vessel

NOTE: For coastal redistribution or US bunker services Jones’ Act compliant vessels are expected to load from the FLNGV

Delfin Base Case & North American Expansion

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Delfin LNG – 13 MTPA

(Anchor Project)

▪ Fully permitted as Deepwater Port with

MARAD/USCG and 13 MTPA DoE

Export Licence

▪ Completed conversion FLNG FEED

▪ Executing Newbuild FLNG FEED and

negotiating LSTK EPCIC contract

Avocet LNG+ – 14 MTPA

▪ Avocet 100% owned by DMI

▪ Permitting scoping work ongoing

▪ Opportunity to acquire adjacent

pipeline

▪ Evaluation for expansion / integration

with Delfin LNG project ongoing

Mexico LNG

▪ Opportunities for several FLNG

Vessels utilizing existing pipeline

capacities sourcing back to the US

▪ Opportunity to leverage existing

facilities and licences to enable a short

development timeline with limited

regulatory risks

West Canada LNG

▪ Development support work

▪ Front-end work executed

▪ LNG marketing activities

DMI has identified over 40 MTPA of liquefaction opportunities that have access to

operating or post-FID pipelines. All locations can use DMI’s existing FLNG design

South Texas – 7+ MTPA

▪ Pipeline screening ongoing

▪ Evaluation of gas supply options

▪ Pricing and commercial evaluations

▪ Preparing scoping work for permitting

work

Leveraging Technology Value from Delfin LNG

Delfin Liquefier FLNGReceives pipeline quality feedgas

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West Canada FLNG Avocet FLNG Mexico FLNG SouthTexas FLNG

Generic Liquefiers with minor adjustments to suit location specific requirements

The Delfin FLNG Technology is a generic Liquefier for use across North America

“Variations-on-a-theme”

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Clear path to the first FID and beyond

Permits & Licenses

▪ Ample capacity in US Gulf Coast to access liquid points in Louisiana

▪ No need to build large scale pipelines for at least the first and second FLNGV

▪ Precedent agreements and commercial terms negotiated for gas transport capacity to St.44

▪ Fully permitted facility including Non-FTA export permit for up 13 MTPA

▪ Newbuild FLNGV being designed in full compliance with existing permitting

▪ Pre-FEED completed, including LSTK EPCIC term sheet development with Samsung and Black&Veatch

▪ Newbuild FLNG FEED ongoing with completion in Q3

▪ Conversion FLNG FEED completed for Chinese/Singapore shipyard cooperation

▪ Agreement with KDB as FA and structurer to secure K-Sure and KEXIM support

▪ Exploring vendor/yard financing schemes

▪ Financial structuring support from GS

▪ Detailed offtake discussions with multiple buyers (IOC, portfolio, Traders, Utilities)

▪ Increasing Asian interest from 2nd tier consumers in the power and small-scale LNG business

▪ Strong interest for the commercial flexibility from Delfin being “smaller at lower cost”

▪ Total all-in CAPEX estimated to be less than $2 billion on the basis of a full LSTK EPCIC wrap

▪ Significant interest in project level equity from Mezzanine and Preferred Equity providers

FEED & EPC

Pipeline Access

Debt Financing

Equity Financing

Offtake

Expansion▪ Development support for a West Canada project, executed front-end work

▪ Avocet development planning in progress

▪ Downstream expansion with small-scale, bunkering and gas-to-power opportunities

Success Factors Progress achieved

July 2020END

Corporate Presentation