CWC LNG Asia Programme

Produced by: Supported by: From the organisers of: Grand Hyatt Hotel, Scotts Road Gold Sponsors: Silver Sponsors: Bronze Sponsors: asiapacific.cwclng.com© 2016 CWC Group Ltd The key themes and topics are for guidance purposes only and do not represent the final agenda.Speakers are confirmed unless otherwise indicated but final speaking slots may be subject to change.

Produced by: Supported by: From the organisers of:Confirmed Speakers:  Lee Ark Boon, Chief Executive Officer, International Enterprise (IE) Singapore  Seah Moon Ming, Group Chief Executive Officer, Pavilion Energy  Mary Warlick, Principal Deputy Assistant Secretary, U.S. Department of State  Yu Teraoka, Deputy Director for Oil and Gas, METI  Hiroki Sato, Senior Executive Vice President, Chief Fuel Transactions Officer, JERA Co. Inc.  Philip Olivier, President, Engie Global LNG  Roger Bounds, Vice President of Global Gas, Royal Dutch Shell  Prabhat Singh, Managing Director & CEO, Petronet LNG  Andrew Walker, VP Strategy, Cheniere  Stephan Roeper, Vice President LNG Marketing, ExxonMobil  IGN Wiratmaja Puja, Director General of Oil & Gas, Ministry of Energy & Mineral Resources, Indonesia  Hendra Jaya, President Director, Pertamina Gas  Mizuki Numata, General Manager, Fuel Procurement, JERA Co. Inc.  Darshan Hiranandani, CEO, H Energy  Kathleen Eisbrenner, Chairman & CEO, NextDecade  Satoshi Honjo, Chief Representative- Asia Pacific Regional Office, Tokyo Gas Co. Ltd  Ted Toyoda, LNG Trading Manager, BP  John Quirke, SVP - Technology and Development, Meralco PowerGen Corporation  Chairani Rachmatullah, Head of Oil and Gas Division, PT PLN (Persero)  Ajay Singh, Special Advisor to the President, Head of Strategy and Commercial, JAPEX  Rod Duke, Chief Executive Officer – GLNG Operations Pty Ltd, Santos Limited  Andrew Seck, Regional Head of LNG - Asia Pacific, Uniper Global Commodities  Karthik Sathyamoorthy, President, Galway Group  Patrick Janssens, Vice President, Global Gas Solutions, ABS  Lily Chia, Head, Product Management – Commodities, Singapore Exchange  Kosuke Araki, Director, Japan OTC Exchange, Inc.  Debbie Turner, Director, Senior Shipping Advisor, SSY Gas  Javier Moret, Head of LNG Origination, RWE Supply & Trading GmbH  Melissa Lindsay, Global Head of LNG, Tullett Prebon  Li Yao, CEO, SIA Energy  Stephane Maillard, General Manager - South East Asia, GTT  Christopher Goncalves, Chair and Managing Director, Energy, Berkeley Research Group, LLC  Merrick White, Partner, King & Spalding  Jason Feer, Global Head of Business Intelligence, Poten & Partners  Chong Zhi Xin, Principal Analyst – LNG, Wood Mackenzie  Pat Roberts, Managing Director, LNG-Worldwide Ltd asiapacific.cwclng.com© 2016 CWC Group Ltd The key themes and topics are for guidance purposes only and do not represent the final agenda.Speakers are confirmed unless otherwise indicated but final speaking slots may be subject to change.

Produced by: Supported by: From the organisers of: Training Seminar Tuesday, 20 September 201609:30 – 17:00: Training Seminar Led By &In an Era of Oversupply, How are LNG Prices, Contracts and Buyers & Sellers Adapting?The key themes due to be covered include:  Global and regional gas market dynamics – how is pricing affecting the competitiveness of LNG/gas versus other fuels in China, India and South East Asia?  LNG Sale & Purchase Agreements – how has the balance shifted between long and short term contracts and how is the LNG spot price developing?  International arbitration – how are pricing disputes being resolved what is the current benchmark price?  Price review clauses – what are the roles of the S curve, price formulae and the impact of the crude price?  LNG to power – the shift towards downstream; how are IPPs being developed?  Integrating LNG supply - what will be the role of gas in the power sector in South East Asia and how are projects being financed?Workshop leaders:  Christopher Goncalves, Chair & Managing Director, Energy, Berkeley Research Group, LLC  Christian Jeffery, Senior Managing Consultant, Berkeley Research Group, LLC  Dan Rogers, Partner, King & Spalding  Merrick White, Partner, King & SpaldingQuestions & Answers18:30 LNG Asia Pacific Summit Welcome Drinks and Registration hosted by asiapacific.cwclng.com© 2016 CWC Group Ltd The key themes and topics are for guidance purposes only and do not represent the final agenda.Speakers are confirmed unless otherwise indicated but final speaking slots may be subject to change.

Produced by: Supported by: From the organisers of: Summit Day One Wednesday, 21 September 201608:00 Registration & Welcome Coffee09:00Chair’s Opening RemarksPat Roberts, Managing Director, LNG-Worldwide Ltd09:15Government Welcome Address:Lee Ark Boon, Chief Executive Officer, International Enterprise (IE) Singapore09:30Keynote Address:Seah Moon Ming, Group Chief Executive Officer, Pavilion Energy Pte Ltd10:00 SESSION 1 – PANEL DISCUSSIONLNG in a Global Business Environment: Challenges and DynamicsOil Prices Lower for Longer: From the Past 12 Months to the Next Three Years: How Has the LNGOutlook Changed?Macro Environment  What is the current outlook for global oil prices and their impact on the LNG industry?LNG Supply  What are the key features of the global LNG supply forecasts for the next 10 years?  What impact will the USLNG cost plus model have on the global LNG market?LNG Demand  Can we rely on COP21 to stimulate a positive move away from coal? asiapacific.cwclng.com© 2016 CWC Group Ltd The key themes and topics are for guidance purposes only and do not represent the final agenda.Speakers are confirmed unless otherwise indicated but final speaking slots may be subject to change.

Produced by: Supported by: From the organisers of: o Are governments responding to calls for tougher emissions policies? o Renewables: A friend or foe for LNG?  Will lower prices help LNG compete to generate new sustainable demand?  How quickly can we develop new LNG demand?Moderator:  Pat Roberts, Managing Director, LNG-Worldwide LtdSpeakers:  Stephan Roeper, Vice President LNG Marketing, ExxonMobil  Roger Bounds, Vice President of Global Gas, Royal Dutch Shell  Philip Olivier, President, Engie Global LNG  Andrew Walker, VP Strategy, Cheniere11:15 Networking Coffee Break hosted by11:45 SESSION 2Absorbing Supply: Stimulating LNG DemandFacilitating Markets: Where Will New Long Term LNG Demand Come From and When?Macro view on Asia Pacific to 2025  What are the expected LNG sales in Asia Pacific?Key market developments to 2025  What will Japan do next o With its fuel mix; How much will there be a move back to nuclear? o With its agenda for deregulation? o Is there scope to grow LNG demand?  What will China do next o With its fuel mix; how much will there be a move away from coal? o Is there scope to grow LNG demand significantly?  India’s latent LNG demand potential: how can it be unleashed? asiapacific.cwclng.com© 2016 CWC Group Ltd The key themes and topics are for guidance purposes only and do not represent the final agenda.Speakers are confirmed unless otherwise indicated but final speaking slots may be subject to change.

Produced by: Supported by: From the organisers of:  New Country Opportunities o Updates on new developments in Asia o Key development challenges: new regulation, time taken for project development, credit worthiness  New trends in developing new LNG demand o Where does LNG have a competitive advantage?  Gas to Power: How can LNG sellers help provide the incentives to stimulate new projects? o Will suppliers move further downstream to create new demand? o How is risk and reward being shared between buyers and sellers?  Gas advocacy: What can the industry do collectively to stimulate demand?Moderator:  Hiroki Sato, Senior Executive Vice President, Chief Fuel Transactions Officer, JERA Co. Inc.Speakers:  Yu Teraoka, Deputy Director for Oil and Gas, METI  Prabhat Singh, Managing Director & CEO, Petronet LNG  Darshan Hiranandani, CEO, H Energy  John Quirke, SVP - Technology and Development, Meralco PowerGen Corporation13:30 Networking Lunch Break14:30 SESSION 3Commercial Creativity of Buyers and SellersFragmentation vs Consolidation: Different Approaches to Managing the New World of LNGFragmentation: Current trends  Existing consumers buying smaller quantities  New smaller buyers entering the market  New challenging commercial requirements from buyers o How are sellers adapting? o Innovative approaches to transacting LNG long -medium and short term  Growing pool of smaller LNG Sellers asiapacific.cwclng.com© 2016 CWC Group Ltd The key themes and topics are for guidance purposes only and do not represent the final agenda.Speakers are confirmed unless otherwise indicated but final speaking slots may be subject to change.

Produced by: Supported by: From the organisers of:  Some of the likely consequences to expect from fragmentation - Market liquidity - Transparency - Will it be easier to buy and sell LNG?Consolidation: Current trends  Buyers forming JVs to gain strength through scale o What are the opportunities to pool resources in Asia?  Company acquisitions o The range of possibilities from mega mergers to smaller acquisitions  Infrastructure providers o Pooling of LNG shipping o Third party access to regasification terminalsSpeakers:  Mizuki Numata, General Manager, Fuel Procurement, JERA Co. Inc.  Chairani Rachmatullah, Head of Oil and Gas Division, PT PLN (Persero)  Jason Feer, Global Head of Business Intelligence, Poten & Partners  Li Yao, CEO, SIA Energy15:45 Networking Coffee Break hosted by16:15 SESSION 4 – PANEL DISCUSSIONProviding Access to New Markets – Business EnablersMaking it Happen: Finding the Keys to Open New Markets, FSRUs and New Business ModelsLNG Import Infrastructure: Current trends  FSRUs: How are the providers adapting and meeting the challenges and demand of new markets? o Examples of current developments o FSUs – opening small new markets asiapacific.cwclng.com© 2016 CWC Group Ltd The key themes and topics are for guidance purposes only and do not represent the final agenda.Speakers are confirmed unless otherwise indicated but final speaking slots may be subject to change.

Produced by: Supported by: From the organisers of: o Using FSRUs to enable countries to meet their power demand  What are the latest financing trends to facilitate regasification?LNG Shipping: Current trends  Outlook for charter rates  How can LNG shipping become more cost efficient? o LNG ship pooling o Freight swaps and optimisation o Likely use of the Panama Canal as a transit to / from AsiaLNG Projects – pre FID: New business models  The need to keep up the development effort for new projects for 2020+  What role will USLNG play in the development of new LNG projects globally? o How are new projects responding to lower oil prices and LNG prices?  What changes do we see in the business models and the marketing of new LNG projects?  How much success can we expect in reducing the cost stack for new LNG supply?  Is modularisation the answer, or do larger projects still have a role to play?  Current trends with FLNG – where are the potential opportunities?Moderator:  Patrick Janssens, Vice President, Global Gas Solutions, ABSSpeakers:  Kathleen Eisbrenner, Chairman & CEO, NextDecade  Rod Duke, Chief Executive Officer – GLNG Operations Pty Ltd, Santos Limited  Debbie Turner, Director, Senior Shipping Advisor, SSY Gas  Chong Zhi Xin, Principal Analyst – LNG, Wood Mackenzie17:45 Close of Summit Day One19:00 – 22:00: CWC Asia Pacific LNG Innovation Award Dinner hosted by asiapacific.cwclng.com© 2016 CWC Group Ltd The key themes and topics are for guidance purposes only and do not represent the final agenda.Speakers are confirmed unless otherwise indicated but final speaking slots may be subject to change.

Produced by: Supported by: From the organisers of: SUMMIT DAY TWO Thursday, 22 September 201608:15: Networking Coffee09:15 Chair’s Opening RemarksPat Roberts, Managing Director, LNG-Worldwide Ltd09:30 Keynote Address:  IGN Wiratmaja Puja, Director General of Oil & Gas, Ministry of Energy & Mineral Resources, Indonesia09:45 SESSION 5New Market Applications for LNGBuilding New LNG Demand through Small-Scale LNG and BunkeringSmall Scale LNG: Current trends  How are low oil prices impacting the development of small-scale LNG and how can financing be accessed?  Key development areas and examples  Can break-bulking be used to unlock new small markets?  Can the industry collaborate more effectively to launch small-scale LNG more widely throughout Asia?LNG Bunkering: Current trends in Asia  What is the timeframe for bunkering to develop in Asia? o Displacing oil with LNG o Will environmental drivers be the eventual answer? o Are there ideas to be taken from Europe to fast track the LNG bunker business? asiapacific.cwclng.com© 2016 CWC Group Ltd The key themes and topics are for guidance purposes only and do not represent the final agenda.Speakers are confirmed unless otherwise indicated but final speaking slots may be subject to change.

Produced by: Supported by: From the organisers of: o Examples where bunkering is developing today in AsiaSpeakers:  Hendra Jaya, President Director, Pertamina Gas  Karthik Sathyamoorthy, President, Galway Group  Stephane Maillard, General Manager - South East Asia, GTT11:00 Networking Coffee Break11:30 SESSION 6The Critical Choice: Which Index and what type of price formula do you want in your termcontract?Evolution of LNG Prices: Which formulae are most viable?  How much LNG will be indexed to HH? And what impact will USLNG have on global pricing?  Regional price convergence: How likely are Europe and Asia to converge? o Will Europe be the primary sink for LNG and how will this affect marginal spot prices in Asia through to 2020?  Asian term formulae and pricing constructions o Is JCC back in vogue with S Curves? o Is JKM a viable long term pricing index? o Could a new Asian price index evolve? o What to expect over the next 3-5 yearsEvolution of LNG Contracting: Spot vs Long-term  Short-term vs long-term markets: Are contracts changing and simplifying?  What innovations do we see in term LNG SPAs?  What are the specific requirements of today’s LNG buyers?  Price reviews: How many ongoing price reviews are active currently in Asia?  How easily are the reviews being settled between buyers and sellers? o Is arbitration being used or will re-negotiations continue to be the norm? asiapacific.cwclng.com© 2016 CWC Group Ltd The key themes and topics are for guidance purposes only and do not represent the final agenda.Speakers are confirmed unless otherwise indicated but final speaking slots may be subject to change.

Produced by: Supported by: From the organisers of:Speakers:  Satoshi Honjo, Chief Representative- Asia Pacific Regional Office, Tokyo Gas Co. Ltd  Ajay Singh, Special Advisor to the President, Head of Strategy and Commercial, JAPEX  Andrew Seck, Regional Head of LNG - Asia Pacific, Uniper Global Commodities  Christopher Goncalves, Chair and Managing Director, Energy, Berkeley Research Group, LLC  Merrick White, Partner, King & Spalding12:45 Networking Lunch Break14:00 SESSION 7 – PANEL DISCUSSIONLNG Trading Exchange Part 1 LNG TRADING EXCHANGE in association withAre we Closer to Creating an Asian LNG Trading Hub?  SLiNG: A new Asian spot LNG index o How is it developing in terms of volumes, players, liquidity and transparency?  Other possible LNG spot indexes that could develop o China? o Others?What needs to happen to create a viable Asian LNG trading hub?  How easy is it to create an alignment between buyers and sellers in Asia Pacific to develop and use a trading hub?  Are there Asian markets which have enough pipeline gas, transparency and scale to create the liquidity needed for a trading hub?  In the case of lack of infrastructure, “virtual demand” has been suggested as an alternative – How will that work in practice? asiapacific.cwclng.com© 2016 CWC Group Ltd The key themes and topics are for guidance purposes only and do not represent the final agenda.Speakers are confirmed unless otherwise indicated but final speaking slots may be subject to change.

Produced by: Supported by: From the organisers of:Speakers:  Kosuke Araki, Director, Japan OTC Exchange, Inc.  Lily Chia, Head, Product Management – Commodities, Singapore Exchange15:15 Networking Coffee Break15:45 SESSION 8 – PANEL DISCUSSIONLNG Trading Exchange Part 2Trading and the Short Term Spot Market: What’s Changing?Macro environment  What level of global oversupply do we see between 2016-2020 and how is the industry preparing to manage it?LNG trading  Are we reaching the point where there is sufficient short term supply to create liquid spot spot markets?  Can Asian utilities be confident of securing supply on the spot market to run their businesses?  As long term contracts expire, what level of LNG supply is likely to be bought term vs spot/ short term over the next 5-10 years?  Is price index uncertainty preventing Asian buyers from committing to long-term contracts?  Are European and Asian markets becoming more linked – and so more converged on price? o What impact could that have on Asian LNG pricing? o Could India become a new marginal clearing market for global LNG?  How will USLNG impact LNG trading in Asia?Improving trading efficiency  How can tenders be optimised to sell larger volumes of LNG?  How can LNG cargoes be traded more quickly and effectively? o Will there be more uniformity towards a standard trading contract?  How will price risk be managed effectively?  Are non- Asian indices being used in Asian contracts e.g. HH, NBP, TTF, Brent, AOC and how do they compare to JCC and JKM? asiapacific.cwclng.com© 2016 CWC Group Ltd The key themes and topics are for guidance purposes only and do not represent the final agenda.Speakers are confirmed unless otherwise indicated but final speaking slots may be subject to change.

Produced by: Supported by: From the organisers of:General outlook for LNG tradingSpeakers:  Ted Toyoda, LNG Trading Manager, BP  Javier Moret, Head of LNG Origination, RWE Supply & Trading GmbH  Melissa Lindsay, Global Head of LNG, Tullett Prebon17:00 Close of Summit SINGAPORE LNG TERMINAL SITE VISIT Friday 23 September 2016Join us for this unique opportunity to tour the Singapore LNG Terminal on Jurong Island!See Singapore’s first LNG import terminal in action. There will be a guided bus tour around theterminal on Jurong Island and the visit will last up to 3 hours. Transportation to and from theterminal will be provided.The CWC Group would like to thank Singapore LNG Corporation for making this exclusive visitpossible.*Due to ongoing construction works at the terminal, please note that this visit is subject toconfirmation nearer the scheduled date. Please also note that places are strictly limited so book earlyto avoid disappointment. 08:35 Timetable: 08:50 Meet in Grand Hyatt Hotel Lobby for departure 09:20 Bus departs Grand Hyatt Hotel for Jurong Island 10:00 Bus arrives at Jurong Island Checkpoint 10:05 Bus arrives at the Singapore LNG Terminal 10:10 Safety briefing 10:30 Tour of Visitor Centre 10:50 Tour of Terminal 11:40 Site visit ends Arrival back at the Grand Hyatt Hotel asiapacific.cwclng.com© 2016 CWC Group Ltd The key themes and topics are for guidance purposes only and do not represent the final agenda.Speakers are confirmed unless otherwise indicated but final speaking slots may be subject to change.