EFTA00959972.pdf

From: Terje Rod-Larsen < > To: "I '"<Jeevacation®gmail.com> Subject: Fw: MLNG concept (Mini LNG) - confidential Date: Mon, 06 May 2013 09:42:58 +0000 Importance: high From: MorIts Skaugen < To: Terje Rod-Larsen Sent: Sun May 05 18:26:12 2013 Subject: FW: MLNG concept (Mini LNG) - confidential fyi From: Anima Meer , Date: Sunday, May S. 2013 S:17 PM To: Monts Skaugen < s,• Cc: Subject: MLNG concept (Mini LNG) confidential Dear Mr. Moths, Hope this email finds you and your kind family well, With reference to the subject appove , kindly be informed that HE The Prime Minister has instructed to put your kind self in contact with HE Mr. Rashid Mohamed Rashid, in order to meet with Mr. Rashid ,as he will be in charge of the discussion between the two parties about the suggested project. Mr. Rashid is in this email , and this is his direct contact number Please do not hesitate to contact me for any further assistants . Regards' Amine S. AL Meet PA r^,- • 'ttatrg T E Please consider It erwronment below printing His Ems 4.)0thi rl i cA-••• wvliP OAa tok fia 20fial 'AO $4 This e-mail message. ncludng al its attachments. may =Main confidential or legally protected mlennaden. The unaulhorced disclosure. use. dstributon of ccpyng of this email. or any 'Samba, it COOleine. IS strictly Pr011beed. If you believe yOU Nave received thee-real .n Crier. please del610 yid ceded the Sender. blear expressed In nil efiliel Gi lls EitteCholeOl$ ere those dine individual sender. extent where the Sender enalcilly end aulhOrilathety elated them 10 be Of /SOFA My (One 01 egrWeEnl made MEOUgh MS oval requires snored' permission kern PAOFA From: Monts Skaugen Sent 19. april 2013 10:57 To: I Cc: I Amina Al-Meer Morits Skaugen; Hakan Werner Subject: I kindly request you to pass this message to HE Dr. Al-Sada, Minister of Energy and Industry Dear Mr, Taieb Belmandi With reference to prior communication I hereby enclose a report we have prepared for our further talks re the MLNG concept (Mini LNG) or regional distribution concept for LNG to island nations and the region. We have deliberately not covered, at this point, the way to cooperate as I believe this will need further analysis and discussions from all parties involved on both sides. We do hope this is a sufficient start for our joint project to see how this can be made possible and create a new industry. We look forward to hearing from HE Dr. Al-Sada, the Minister of Energy and Industry or yourself. EFTA00959972 Best personal regards. Morita Skaugen CEO Des I.M. Skaugen SE OAS • Innovative Maritime Solutions vevagen.com rmaiito: Sent 3. april 2013 16:21 To: Morits Ska en Cc: Subject: Re: FW: I kindly request you to pass this message to HE the Minister - summary of the meeting we had. Dear Mr. Skaugen, Thank you for your note. I wish to confirm hereby that the content of your message was passed on to HE Dr. Al-Sada, Minister of Energy and Industry. In addition and to progress this matter further, I wish to request your kind submission of a proposal based on a small scale LNG opportunity that you are contemplating whether in the Gulf region or elsewhere in order to work out the model of a potential cooperation between QP/QPI and your company. We are also willing to explore the feasibility of a joint LNG bunkering project opportunity in NW Europe or in the Arabian Gulf that could be supported by Qatar LNG supplies combined with IMS storage and shipping resources. As explained by HE the Minister during the meeting, whilst we are supporting the idea and the vision behind small scale LNG schemes, we need to develop a workable business model that preserves the interests of both parties. Such ideas needs to be thouroughly studied using a concrete project. Please do not hesitate to contact me or Mr. Al-Ahmad if you need any further information. Best regards, Taieb Beimandi Snr. Advisor (Gas) Morits Skaugen <-> wrote: To: From: Morns Skaugen < Date: 03/29/2013 07:05PM Subject: FW: I kindly request you to pass this message to HE the Minister - summary of the meeting we had. Taieb Belmandi, I am Resending the message as i got mail failure on you first time due to my mistake. From: Morits Skaugen Date: Friday, March 29,2013 5:02 PM Cc: " " Morits Skaugen < >,Amina Al-Meer Subject: I kindly request you to pass this message to HE the Minister - summary of the meeting we had. For the attention of HE Dr Mohammed bin Saleh Al Sada, Minister of Energy. Dear Sir, Reference is made to the pleasant meeting we had at the St Regis in Doha on Wednesday the 27th of march. The subject which we discussed was the LNG distribution and the potential of a "small scale" solution not only in the region, but you also mentioned key island nations that you had experience with re specific demands. The below is made only to be a summary of what i stated at the meeting and i appreciate a continued discussion with you regarding same. The handout i gave you covers these issues and i look forward to your feedback. EFTA00959973  I will now, as requested and thus promised, revert to you soonest re the possible next steps inch of working group as we discussed. A working group that will look at how to engage in the value chain. This working group will look at the economics of the value chain and the economics for the clients, identify possible clients and finally how we may actually work together. The philosophy is that in thefuture; natural gas in theform ofLNG will replace the use ofDiesel and HFOfor power generation and transportation use. Oilis a far too valuable commodity to be usedfor thew purposes and should be replaced by naturalgas in theform ofLNG. Most regions in the GCC pan of the Middle East North Africa region (as well as the balance of the MENA region) will be facing a shortage of electricity generating capacity in the not so distant future. This is a shortage that comes on the top of lack of sufficient natural gas production capacity. Currently electricity is made for the most from the use of diesel and heavy fuel oil (HFO) as well as crude oil. These products are thus used to fuel the expanding nations and to aid the economic growth of the region. This shortage of electricity generating capacity could be met with alternative fuels such as import of natural gas in the form of LNG. Sufficient surplus of gas, in the form of LNG. and to allow it to be used for exports in the Gulf region will only exist in Qatar (and perhaps Iran in the future). Due to distance and/or size of demand, regional LNG supply chains based on the I.M. Skaugen small scale LNG technology (Mini LNG) would be a more economical solution than a conventional large scale LNG supply chain based on large LNG carriers and conventional large and more expensive import terminals and/or FSRUs. For the distances involved for the regional supply of LNG, the net transport cost and the other logistic costs on a per MMBTU with MiniLNG solutions and would be lower than the transport cost for overseas LNG customers in the remanding part of Asia and in Europe. The MiniLNG concept could thus provide better netbacks for the LNG suppliers in Qatar compared with sending the LNG to overseas customers This potential for a higher net back is available for a natural gas producers engaging himself in this value chain. Such an exporter of LNG involving himself in the value chain would need to look at the whole chain inch of establishing receiving terminals and power generating capacity near the end users. At the same time, it would also provide a more economical alternative for the end-users - who will have few other fossil alternatives than diesel or heavy fuel oil for power generation. Regional supply of LNG in the Middle East region could therefore provide additional growth opportunities for a leading LNG supplier in the region like Qatar and with net-back prices on par or better than the larger over-seas markets in Europe and Japan. It would also give Qatar a competitive advantage over other LNG suppliers who are looking to export LNG to the Middle East region. Finally it is a more environmental solution. Qatar would also be seen as aiding the region in its economic growth; economic growth is the key to stability. The size, and thus the costs, of LNG terminals needed would be commensurate with the MiniLNG LNG carriers employed in the supply chain and not add more than the usual USD 0,5-I ,0/MMBTU to the cost side of the equation. I.M. Skaugen has developed a modular and scalable LNG terminal technology based around the LNG cargo system employed in our ships.The MiniLNG concept is based around I.M. Skaugen's fleet of LNG carriers (up to 10 ships of the size 10.000 and 12.000 CHM) and 6 already employed in the region with petrochemical gasses from the GCC region to Europe and Asia. All ships are of the Multigas type, meaning that they in addition to LNG can transport all commonly traded petrochemicals like ethylene, VCM, butadiene etc and thus always can find employment when not trading LNG. This fleet of LNG capable ships would be available for Qatar on a rental or charter basis or alternatively also though joint investment or equity participation. All options can be explored to arrive at best way to exploit the potential for LNG distribution as per above. Best personal regards. Merits Skaugen CEO I.M. Skaugen SE IMS Innovative Maritime Solutions www.skaugen.com This e-mail and any attachments are confidential to the addressee and may also be ;11a privileged. If you are not the addressee of this e-mail, you may not copy, forward, disclose or otherwise use it in any way what so ever. If you have received this e-mail by mistake, please e-mail the sender by replying to this message, and delete the original and any print out thereof. 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