golar lng fsru

7/31/2019 Golar Lng Fsru

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Floating Storage and Regasification Unit (FSRU)

26 January 2011

Oscar Spieler, Chief Executive Officer


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Golar Group Overview

A leading independent LNG midstream company;

35+ years experience in LNG sector.

Bermudan corporate headquarters with offices withbranch offices in Oslo, Singapore, and Tulsa.

Fleet of 13 vessels (10 LNGCs and 3 FSRUs).

Developed worlds first FSRU based on the

conversion of an existing LNGC.

The group is split between two companies: GolarLNG (GLNG) and Golar LNG Energy (GOL).

25+ year history in Indonesia and committed togrow: Golar Spirit; Golar Mazo; West Java FSRUdevelopment.

Golar Spirit Arun III

Golar Mazo- On 18 Yr. Charter to Pertamina


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Key Components of an FSRU

Source: Golar LNG Energ

Regasificationtrains transforming LNGat -160 Celsius to gas at high pressure

Seawater pumps forpumping seawater to

regas trains in order toheat up the LNG

Loading arms for receiving LNGStorage Tanks

Export Manifold


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Example Regasification Process

METERING

LNG

VAPORISERS

Propanesystem

STEAM

BOILERS

GAS

COMPRESSOR

FUELGAS

Regasification Trains 3 off:

GAS

HEATER

BOOSTER

PUMPS

2 OFF

CNG

LNG

SHU

TTLE

TAN

KER Golar FSRU

LNG

SUCTION

DRUM

METERING

HIPPS

T/G

CNG Trim

Heaters

Sea Water System

3x SW pumps

3x Back wash filters

FWD Machinery Space

MSO

Compressor

C

USTOME

REl Power

LNG

LNG

VAPOUR

IN-

TANK

PUMPS

Source: Golar LNG Energy


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Some Detail Behind an FSRU Design

2 x 50% Booster pumps

1 off LNG vaporizer

2x100% Trim heaters

Propane Loop

Seawater cooling system

Turbo Generators

Freshwater cooling system

Firewater Pump

Electrical equipment room

Regasification Train (3 Units) Forward Machinery Space Refit



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FSRU Market Rationale

(MMtpa)

0.0

50.0

100.0

150.0

200.0

250.0

300.0

2000A 2005A 2010E 2015E

OECD Non-OECD

LNG Demand OECD vs. Non-OECD Countries

Source: Wood Mackenzie

Demand for LNG in developing countries driving new FSRU projects

FSRUs a more cost-effective way to meet lowdemand or to grow into LNG than traditionalland based terminal

Can be relocated if demand is not sustainableover the long-term

Reduced permitting challenges

Reduced financing requirement; no need tobuild storage tank(s)

Quicker to develop than and cost competitivewith land-based facilities

For suppliers low-cost option to access newmarkets


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FSRU Market Rationale

1976 Built / 129,000 m3

Moss Containment 2.5 bcm / year Near Shore (Existing Pier) Over jetty LNG transfer HP arms on pier Closed Loop

1st Conversion Golar Spirit (Brazil) 2 MTA

Petrobras- VT1

Petrobras- VT2

Gulf Gateway

Northeast GatewayNeptune Project

Bahia Blanca

Teesside

Livorno

Dubai

Mejillones

Kuwait

Locations where further projects have been proposed

Other Industry Operational / Committed

Golar Operational / Committed

West Java

First FSRUProject in Asia

Escobar

Ten floating storage and/or regasification projects are currently operational, three have

been formally sanctioned, and many more have been proposed.



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Strong GDP growthdriving gas demand inpower and non-powersectors

Source: Wood Mackenzie

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020

mmcfd

West Java Contracted & Committed Total West Java Demand

West Java urgently requires sources of gas and the FSRU is low cost and can be rapidlydeployed versus other alternatives.

A Fast Track Solution to Address A Urgent Need


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Keys to Successful FSRU Projects

Source: Golar LNG/ Energy / Picture copyright Petrobras

Golar Spirit FSRUThe worlds 1stFSRU conversion

The Gas Offtaker

Commitment underpins project; Willingness to pay international LNG prices

Full Chain Project Development Capability

LNG Sourcing + FSRU + Downstream Infrastructure + Gas Sales

Siting of Vessel

Infrastructure requirements / Environmental conditions

Project Functional Requirements Definition

Regas Rate / Vaporization / Storage / Availability / Permitting / Emissions

A Clear Mandate / Strong Support Base

Clear project drivers / Support of government and/or strong energy partner

DEFINITIONSITING

PROJECTDEVELOPMENT

CAPABILITY

GASOFFTAKER(S) SUPPORT

PROJECTDEVELOPMENT

CAPABILITY


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Designed Specific to Project Requirements

Golar Spirit FSRU Golar Winter FSRU Golar Freeze FSRU

Operational Operational Operational

1981 Built / 129,000 m3

Moss Containment

2.5 bcm / year

Near Shore (Existing Pier)

Over jetty LNG transfer

HP arms on pier

Closed Loop

2004 Built- 138,000 m3

Membrane Containment

5.1 bcm / year

Near Shore (New Pier)

Over jetty LNG transfer

HP arms on pier

Open / Closed Loop

1976 Built 125,000 m3

Moss Containment

4.9 bcm / year

Near Shore (New Pier)

Side by side LNG transfer

HP arms on pier

Open Loop

Khannur

1977 Built / 125,000 m3

Moss Containment

5.0 bcm / year

Offshore

Side by Side LNG transfer

Gas manifold

Open Loop

Conversion Pending


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Key Components

1977 Built / 125,000 m3

Moss Containment

5.0 bcm / year

Offshore


Open Loop

4th FSRU - Khannur (West Java)

1977 Built / 125,000 m3

Moss Containment

5.0 bcm / year

Offshore


Open Loop

Golars 4th FSRU - Khannur (West Java)



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West Java FSRU Project Highlights

First FSRU in Asia

First LNG import terminal in Indonesia

Charter with Nusantara Regas

60% Pertamina / 40% PGN

Conversion scope ~ to Golar Freeze FSRU

Contract Term - Approximately 11 Years

Contract Value - $500M USD

15 km offshore Muara Karang, Jakarta Bay

Golar Khannur FSRU
http://www.lonelyplanet.com/destinationRedirector?openMap=true&ethylCobjId=66937


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Complex Execution Partner(s) are Key


RegasificationTrains

Suction Drum

Diesel Driven Fire pump

Turbo

Generators

SeawaterPumps

Seawater Discharge

High Integrity ProtectivePressure System (HIPPS)

Metering

Nitrogen GensAir System Upgrade

Low Voltage SwitchboardHV/LV Transformerin Engine Room

Vent K.O. Drum(not visible)

Vent Mast

Minimum Send OutCompressor

High VoltageSwitchboard

Loading Arms

Mooring Hooks

Chain Stoppers

Intank pumps

Export Manifold



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