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LNG Supply, Demand, and Pricing

Marine Money, Dubai. March 15th 2018

Presented by: Captain Saleem Alavi President

Sea Commerce (America) Inc

1

LNG Industry – A snap shot

• 288 mtpa Global LNG Trade

• 19 countries

• 340 mtpa Global Liquefaction

Capacity

• 30 countries

• 795 mtpa Global Regasification

Capacity

• In service – 27

• On order - 7 Global FSRU Fleet

• In-service – 480

• On-order - 130 Global LNGC Fleet

• US$6.30/MMBtu

• Basis DES Asia Yearly Average price

of LNG

• DFDE - US$46000 per day

• ST – US$28000 per day Yearly Average LNGC

Charter Rate 2 Sea Commerce (America) Inc.

Current & Future LNG Supply

3

LNG Contracts: LNG buyers signing smaller & shorter tenure contracts

4 Sea Commerce (America) Inc.

Game Changer - US LNG driving change in the industry

5 Sea Commerce (America) Inc.

US LNG Project summary: On-Line: 13.5 mtpa Under construction: 53.5 mtpa Proposed: 300 mtpa Approved: 56 mtpa FID: 67 mtpa

LNG Pricing

6 Sea Commerce (America) Inc.

LNG Pricing

7 Sea Commerce (America) Inc.

Challenging Fuels

8 Sea Commerce (America) Inc.

THANK YOU

Sources used in this presentation: Shell, Cheniere, Poten, Eia, DOE, Author’s interpretation