LAKE CHARLES LNG 2015 Analyst Day November 17th, 2015
LAKE CHARLES LNG Liquefaction transforms Lake Charles LNG, LLC (LC New Facilities (Liquefaction) LNG) into a bi-directional facility capable of exporting and 240 acres to be added (all fractionators above the flood plain) importing,…
LAKE CHARLES LNG ON TRACK FOR FINAL INVESTMENT DECISION IN MID 2016 Train 1 FID Regulatory Path In-Service late DOE FTA & non-FTA Approvals 2020 FERC Pre-Filing & Application EPC Finalization Commercial Agreements Finalized…
ROBUST COMMERCIAL STRUCTURE 25 year tolling arrangement under which LCL will provide liquefaction services to BG Technology Technology Reservation fee payments from BG commence License Licensor upon earlier of date certain or…
EARLY WORKS STARTING IN JANUARY OF 2016 Substantial Early Works projects in queue Tree clearing (completion before nesting season (3/1 7/31)/1Q 2016 Test Pile Program geotech contract/Jan 2016 March 2016 Alcoa 3 Gas Line June…
FINANCING ASSUMPTIONS Project costs of 8.6 billion unlevered (actual unlevered expected cost), resulting in 10.9 billion in total funded cost Project expected to be conservatively financed 70% / 30% debt/equity 2.8 billion in equity…
GLOBAL LNG PROJECT COST COMPARISON Downstream (liquefaction) costs (/t) by project by year Current BG Off-take Current BG Off-take (US) LCL US LNG Plants Corpus Christi MLNG T9 Sabine Pass T5 Cove Point Freeport T3…
LNG AND GAS PRICES Oil parity Asia Long Term Proxy HH NBP Asia Spot 25 Global Asia Fukushima Australian LNG Project recession recovery earthquake Breakeven 11122 20 15 /mmbtu 10 5 0 2008 2008 2009 2010 2011…
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