Rwe Ag · XETR:RWE
Rwe — Investor Presentation (February 2009)
11 slides from Rwe's investor presentation, February 2009
Slide 1: An Overview of RWE's LNG Business
An Overview of RWE's LNG Business David Fuller Global Head of LNG RWE Supply & Trading - February 2009 RWE Supply & Trading PAGE 1
Slide 2: Overview of RWE LNG Business
Overview of RWE LNG Business Snøhvit Wilhelmshaven GasPort Teesside GasPort Adria Northeast Gateway Gulf LNG Fleet Gateway Excalibur (traditional vessel) Excelsior Mina Al Excellence Ahmadi Excelerate GasPort Explorer Express (due Q2 09) Exquisite (estimated Q3 09) Bahia Blanca Exemplar (estimated Q
Slide 3: Three types of receiving facilities
Three types of receiving facilities All accept Excelerate LNG regasification vessels Offshore Buoy High Pressure Gas Manifold Conventional Unloading Arms Deepwater Port GasPort Traditional Regas Terminal > Gulf Gateway > Teesside GasPort > Access to key LNG markets e.g. Japan, > Northeast Gateway >
Slide 4: Teesside GasPort in operation
Teesside “GasPort” in operation > Allows delivery of regasified LNG from the jetty straight into the high-pressure gas pipeline on land > Strongly reduced need for land for the receiving terminal (less impact on the environment) The Excelsior at the GasPort Teesside (UK) > Once the vessel departs th
Slide 5: Bahia Blanca GasPort, Argentina
Bahia Blanca GasPort, Argentina > Project identified by Repsol YPF during Q3 2007, term sheet signed Q4 2007 > Repsol responsible for GasPort construction > Commissioning June 2008 > Excelerate’s Excelsior LNG regasification vessel provides regas services during southern hemisphere winter months > L
Slide 6: Mina Al Ahmadi GasPort, Kuwait
Mina Al Ahmadi GasPort, Kuwait > Agreements signed June 2008 with Kuwaiti partners, Excelerate acting as general contractor > Completion expected during Q2 2009, new jetty construction proceeding as planned > Project approx. 70% completed > Excelerate provides regasification services during high gas
Slide 7: Why is RWE planning a GasPort in Germany?
Why is RWE planning a “GasPort” in Germany? > As long as all delivery commitments are met, Germany will have an adequate supply of cost-effective pipeline gas over the coming years via existing networks and new pipeline projects > The gas price level in NW Europe will make only short-term LNG delive
Slide 8: Further information
Further information RWE Supply & Trading PAGE 8
Slide 9: RWE is acquiring Essent, which has a 3 bcm/a and 5% equity stake in GATE
RWE is acquiring Essent, which has a 3 bcm/a and 5% equity stake in GATE > RWE was the first party to sign an Heads of Agreement in respect of the GATE project in June 2006 > GATE’s capacity holders are DONG, Essent, EconGas and E.On > Scheduled ‘in service’ date summer 2011 > RWE acquisition of Ess
Slide 10: Adria LNG project, Croatia
Adria LNG project, Croatia Germany > Founding shareholder with 3 bcm/a capacity Czech and ultimately 11.5% ownership Republic Slovakia Austria Hungary > Croatian gas demand c.3bcm/y but close markets in Austria and Hungary (new pipeline Italy Croatia capacity required) > Supported by Croatian govern
Slide 11: Thank you very much for your attention
THANK YOU VERY MUCH FOR YOUR ATTENTION RWE Supply & Trading PAGE 11