TOWARDS A NEW LOGISTIC MODEL FOR LNG

TrainMoS 5 November 15

Natural gas market

Index

Enagás LNG Infrastructures

New rol of Spanish LNG terminals

New LNG logistic model in Terminals

And Ports The multimodal LNG Terminal

Leader in natural gas and LNG infrastructures se, gas infrastructure construction skills, highly effective

operations and maintenance programs and sound financial structure.

More than 40 years’ experience

A midstream company Major International player as a result of our technological experti

Top natural gas transmission company in Spain

Technical Manager of Spain's Gas System

European Union-accredited independent TSO

SEPI Free Float

5%

95%

Ownership structure

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Enagás across the world

Mexico TLA Altamira LNG Terminal Soto La Marina Compressor Station Morelos Pipeline

Peru Transportadora de Gas del Perú (TgP) Compañía Operadora de Gas del Amazonas (Coga) South Peru Gas Pipeline

Chile GNL Quintero LNG Terminal

Greece, Albania and Italy Trans Adriatic Pipeline (TAP)

Spain 6 LNG terminals (+2 in development) ~11.000 km high pressure pipelines 3 underground storage facilities

3

Sweden Swedegas

Spanish infrastructures: Enagás and other TSOs

6 LNG terminals (+2 in development)

~11.000 km high pressure pipelines 3 underground storage facilities 18 compressor stations 6 international connections

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LNG Underground Storage Transmission Our activities

Enagás LNG terminals

Barcelona LNG Terminal Storage: 760,000 m3 GNL Unloading: 267,000 m3 GNL Reloading ratio: 3,500 m3/ h

Huelva LNG Terminal Storage: 619,500 m3 GNL Unloading: 173,400 m3 GNL Reloading ratio: 3,690 m3/ h

Cartagena LNG Terminal Storage: 587,000 m3 GNL Unloading: 267,000 m3 GNL Reloading ratio: 3,500 m3/ h

El Musel LNG Terminal Storage: 300,000 m3 GNL Unloading: 267,000 m3 GNL Reloading ratio: 6,000 m3/ h

Bilbao LNG Terminal (40%) Storage: 450,000 m3 GNL Unloading: 267,000 m3 GNL Reloading ratio: 3,000 m3/ h

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Sagunto LNG Terminal Storage: 600,000 m3 GNL Unloading: 266,000 m3 GNL Reloading ratio: 3,000 m3/ h

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International connections

VIP.Ibérico S-P: P-S:

4,6 Bcm/y 2,6 Bcm/y

Almería 8,5 Bcm/y

Tarifa 11,4 Bcm/y

*A coefficient must be applied in case of short term contracts (<1 year).

Entry 10.848 €/GWh/d/m

Exit 20.059,9 €/GWh/d/m

VIP.Pirineos F-S: 5,3 Bcm/y S-F: 5,5 Bcm/y (Dic-15: 7,3 Bcm/y)

IC Tariff (€)

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Video

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Enagás LNG Infrastructures

Index

Natural gas market

New rol of Spanish LNG terminals

New LNG logistic model in Terminals

And Ports The multimodal LNG Terminal

Global natural gas demand

Natural gas demand is expected to grow 15% in the next 6 years Transport will be the fastest growing sector

BP energy outlook

BP Energy Outlook 2035 (Feb15)

Natural gas production and global trade

The majority of natural gas trade will be covered by LNG

Exxon Energy Outlook 2014

BP Energy Outlook 2035 (Feb15)

National demand in natural gas

Demand is expected to grow slightly Available capacity in the infrastructures

+3%  

New rol of Spanish LNG terminals

Index

Enagás LNG Infrastructures

Natural gas market

New LNG logistic model in Terminals

And Ports The multimodal LNG Terminal

New Market scenario

ENAGÁS TRADITIONAL BUSINESS Vessels unload LNG in regasification plants and satisfy demand in a flexible manner

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NEW MARKET SCENARIO

Decline in natural gas demand

Prices competition NG/LNG

Increasing of pipeline supply

Growing LNG spot market Logistics, vessel size or vessel characteristics

Strategic location of Spanish LNG terminals

LNG producer

LNG destination

Shale gas

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Development of LNG Spot Market through logistics