The U.S. Waterborne LNG Report - Waterborne Energy

Waterborne Energy, Inc.
03 Jun 2010
Vol. 7, Week 22
The U.S.
Waterborne
LNG Report
2323 S. Shepherd Dr.
Suite 1010 Houston, Texas
77019 713/526-1555
www.waterbornelng.com
1

Waterborne Energy, Inc.
03 Jun 2010
Vol. 7, Week 22
Notes LNG of Shipping Interest Summary
US There LNG has Import been Outlook no spot Through charter activity July reported recently as the availability of
There vessel is has very all little but to dried report up with again. regards It is to suspected the status that of US there LNG are imports a few available as most flexible
cargoes vessels are for hire moving the everywhere Med region but that to aren’t US ports. visible. With However, the delta as between a result of US the and UK
pricing renewed maintaining tightness a the spread benchmark of over $1/mmbtu daily spot there charter are rate no incentives has moved to bring up from LNG to the
States, the exception being, of course, high liquids-content LNG at Lake Charles.
$40,000 per day last week to roughly $46,000 per day for a newer carrier with
cold tanks.
Our April Imports figures were adjusted slightly upwards from 37 bcf to the 40 bcf level
accounting for the addition of one tanker arrival at Elba Island according to the most
recent FERC data. Meanwhile one tanker arrival of 1.7 bcf that was reported in the April
FERC data at the Everett terminal is being questioned and has been omitted from the
Waterborne figures until it can be verified. Meanwhile our May import estimate of 31 bcf
remains unchanged.
Waterborne June LNG import estimates have increased slightly with the addition of one
Elba Island delivery bringing the total to 33 bcf. There is also information that Cove Point
could receive both a tanker from Norway and a Trinidad sourced cargo that would push
the figures up to the 36 bcf level, although with stronger netbacks in just about every other
LNG importing country in the Atlantic Basin this seems unlikely.
Surprisingly July estimates are still a bit stronger that previous months amid the prospects
of renewed global production after a series of planned and unplanned outages spanning
from Malaysia, Norway, Oman, Egypt, Qatar, Australia and Trinidad during the months of
April and May. Preliminary projections show potential import levels as high as 50 bcf.
US LNG Import Forecast Chart (Bcf)
March April May June
Everett 12.3 8.3 10.9 13.0
NE Gateway 0 0 0 0
Neptune LNG 1.0 .4 0 0
Cove Point 8.7 5.4 0 2.9
Elba Island 8.6 8.4 8.6 8.6
Lake Charles 2.6 8.7 11.6 8.5
Cameron 0 0 0 0
Sabine Pass 3.08 8.9 0 0
Freeport 0 0 0 0
G.Gateway 0 0 0 0
2010 Totals 36.2 40.1 31.1 33.0
2009 Totals 31.6 58.9 51.1 54.1
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Waterborne Energy, Inc.
03 Jun 2010
Vol. 7, Week 22
Kuwait Samples the Globe for LNG
Since Kuwait’s 2010 import season began last March, the country has sourced cargoes
from seven different countries. This is a testament to the growing volume of uncommitted
supply which can basically be obtained from anywhere for a price. As mentioned in
previous reports, because of the high value of specialty or counter-seasonal markets such
as Kuwait where landed prices are linked to crude oil, margins are high for suppliers. This
provides a wide selection of supply sources to choose from as is evident from this year’s
imports. In May alone all five deliveries came from five different countries. These
countries include Oman, Belgium, Russia (Sakhalin Is.), Australia and Yemen. Soon to be
added to the list is an Equatorial Guinea delivery expected to arrive in mid June on the BG
tanker “Methane Lydon Volney”. This ex-ship delivery is believed to have been sold to
Vitol.
Kuwaiti LNG imports are expected to reach an impressive 104 bcf for the 2010 import
season which ends in October. Last year Kuwait imported 31 bcf although the new facility
only started operations in August.
Kuwait LNG Imports
(2009 vs. 2010 projected)
18
16
14
12
BCF
10
8
6
4
2
0
Jan' 09
Feb
Mar
Apr
May
Jun
Peru LNG Commences Operations
Jul
Aug
Sep
Oct
Nov
Dec
Jan'10
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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Waterborne Energy, Inc.
03 Jun 2010
Vol. 7, Week 22
Repsol’s vessel, the “Barcelona Knutsen” is currently in position to load her inaugural
cargo at the world’s newest liquefaction plant in Peru. The 4.45 mmtpa Peru LNG
production facility is expected to push out about five cargoes per month once the plant
has reached nameplate capacity. The first tanker shipment is expected to discharge at
Repsol’s Canaport terminal on the Northeast Coast of Canada.
Petrobras Pulls Cargo into Rio de Janeiro
Last week Waterborne erroneously reported the expected arrival of a tanker at the
Brazilian port of Pecem. Waterborne now believes that the second delivery into Brazil
this year will be delivered into the Rio de Janeiro terminal on the BG tanker “Seri
Bijaksana” in the next few days. The tanker loaded in Trinidad around the 25 th of May.
Qatari LNG Outages More Significant that Originally Thought
Reliable market sources have revealed that the widely reported three train outage in
Qatar that have occurred from March through May have been grossly understated and
various circumstances are likely to have played a role in further delays recently
announced on the two remaining mega-trains which are still under construction. In total
from late March through today as many as six trains are believed to have been affected
by planned and unplanned production interruptions across both RasGas and Qatargas
production complexes.
Three Qatargas trains are thought to have gone down over the past 9 weeks. The first,
Mega-Train Qatargas 2 Train 4, is thought to have been recently brought back on-line
after a one month planned maintenance program. The maintenance programs of two
more conventional sized trains are thought to have been moved forward as well with the
bulk of the outage time occurring during April and May. Meanwhile, three RasGas trains
are believed to have undergone maintenance since late March and consist of two Megatrains
and one conventional size train. It is important to note, however, that train
maintenance is common during the months of April and May, which are shoulder months
for most seasonal importing countries.
This information is being supported by the most recent findings in the “Waterborne Global
LNG Production Tracker” which shows a 41 bcf drop in Qatari LNG production from
March to April with preliminary figures revealing even further reductions in May. The next
edition of the production tracker will also reveal significant reductions in production in
Malaysia, Oman, Algeria, Egypt, and Australia during the month of April.
Asian LNG Demand on the Up-swing
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Waterborne Energy, Inc.
03 Jun 2010
Vol. 7, Week 22
A recent increase in spot Asian demand for July and August deliveries has pulled spot
price ideas up to the $6.30/mmbtu level for the month and even higher in August. Taiwan
is playing a key role in the spot market this year amid the termination of a long-term
contract out of Indonesia combined with strong domestic demand. Taiwan’s CPC recently
released a spot tender for the purchase of 9 cargoes for delivery in July and August.
Taiwan’s spot presence in the market has been growing in recent months with a total of
four purchases for May and June deliveries.
Meanwhile Japanese and Korean utilities’ spot interest is also on the rise as buyers there
– who are experiencing a seemingly steady economic recovery - are finding LNG more
economical compared to petroleum products.
Northeast Asia Spot Landed Price
$10.00
$9.00
$8.00
$7.00
$6.00
$5.00
$4.00
$3.00
$2.00
$1.00
$0.00
1/7/2009
2/7/2009
3/7/2009
4/7/2009
5/7/2009
6/7/2009
$/mmbtu
7/7/2009
8/7/2009
9/7/2009
10/7/2009
11/7/2009
12/7/2009
1/7/2010
2/7/2010
3/7/2010
4/7/2010
5/7/2010
Total’s Sabine Cargo Diverted to Spain
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Waterborne Energy, Inc.
03 Jun 2010
Vol. 7, Week 22
In last weeks issue of the US Waterborne LNG Report we reported that the Total
controlled tanker “Arctic Lady” was en-route to Sabine Pass. We have since learned
that somewhere in between the Northeast US and Florida the tanker was diverted to
Spain. Market intelligence is indicating that the port of Huelva will likely be her final
destination.
RasGas Charters Conventional Carriers for Added Flexibility
RasGas recently chartered in two conventional size carriers to add flexibility to its
existing operations, which include the “Trinity Glory” and the “Maersk Meridian”.
Currently RasGas has 13 Q-flex tankers and 1 Q-Max tanker in its fleet (most of
which are idle at this time) and which are dedicated to the new Mega-Train
production. These volumes were largely earmarked for regas terminals where Qatari
investments had been made although circumstances are now dictating that the option
to deliver volumes to terminals which are not compatible with the larger size tankers
may prove to be useful. Both tankers are thought to have been taken for up to a
year in 3 month incremental option periods. The suggested market charter rate for
the tankers is $30,000 to $31,000 per day.
KPC Tender for more August Deliveries
Kuwait Petroleum Corporation issued another spot supply tender for the delivery of
up to two cargoes during the month of August. Bids were to be submitted by May
28 th and remain valid until June 1 st . There is no word as of yet who may have won
the tender. This tender comes on the heels of KPC awarding a previous supply
tender for up to five cargoes per month during the period from April through October.
Shell and Vitol announced they had been awarded the combined volumes for a multiyear
contract. Market intelligence suggests that the award level was somewhere
close to 9-10% of Brent crude oil futures.
Quick Glance Netback Table ($/mmbtu)
Destination Ports
Cove Altamira Lake Spain Belgium UK India Japan Korea
Point
Charles
$4.42¹ $4.80¹ $4.50¹ $5.10¹ $5.05¹ $5.14¹ $5.15¹ $6.30¹ $6.20¹
Source
Ports
Algeria 3.84 4.08 3.78 4.96 4.77 4.88 4.24 4.74 4.69
Egypt 3.63 3.88 3.58 4.81 4.56 4.68 4.45 4.97 4.91
Nigeria 3.67 3.93 3.63 4.54 4.42 4.54 4.17 4.82 4.76
Qatar 3.01 3.23 2.93 4.20 3.94 4.06 4.90 5.39 5.33
Trinidad 4.10 4.43 4.13 4.51 4.46 4.59 3.75 4.41 4.35
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Waterborne Energy, Inc.
03 Jun 2010
Vol. 7, Week 22
¹ Estimated JULY - 2010 Landed Price
*Lake Charles Landed prices are based on Liquids value extracted
*Nigerian Specification
Recent Spot Sales West of Suez
FOB – July 17th - the “Excalibur” loaded for Morgan Stanley and sold by BP
FOB – July 18 th - the “Excellence” loaded for Excelerate Energy cargo sold by PFLE
FOB – July 26 th - “Gemmata” loaded for Shell cargo sold by BP
FOB – August 1 st - PFLE cargo sale to GdF Suez
FOB - August 2 nd - “British Trader” BP cargo sold to Vitol
FOB – August 8 th - BG sale to Excelerate Energy “Excelerate”
FOB – August 10 th - cargo for sale by Trinling awarded to Cheniere
FOB – August 19-20 - cargo for sale by PFLE awarded to Citibank
DES – Citibank cargo offered “Golar Arctic” sold to
FOB – September 16 - PFLE Tender awarded to Excelerate on “Excalibur”
FOB – September 27 th - PFLE Tender awarded to Shell “Excel”
FOB – October 26 th FOB tender awarded to Excelerate on “Excalibur”
FOB - Mid November Zeebrugge offering taken by Edf for discharge Sagunto
FOB – ConocoPhillips Freeport Re-export sold to Citibank for Asia
FOB – End December Freeport offering from Macquarie…in progress
FOB – December 20 PFLE tender awarded to Citibank sold to China
FOB – December 26 offering from BP
FOB – January 9-10 offering BP – BP believed to have chartered in LNG Ebisu
FOB or Ex-ship – January 26 Stream offering
FOB – February 6 th Stream offering – not awarded
FOB - January Zeebrugge purchase by EdF for sale in Korea – Trinity Arrow
DES – Stream spot delivery to Argentina ETA Feb 10 th – Sestao Knutsen
FOB – February 8 th - Cheniere sale (Re-export) to Citigroup around Hub +.40 – Al Sadd
FOB – February 25 th – Cheniere sale (Re-export) to Mitsui around Hub +.40 - Cancelled
DES – Enarsa (Argentina) spot tender 10-15 cargoes April-Oct
FOB – April 6 tender – Awarded to BP 108% of HH
FOB – April 22 nd tender –Statoil at 110% of HH “Excel” to Cove Point
FOB – June 5 th TRINLING tender awarded to UFC at 120% HH – Golar Grand
DES – 3 consec sales from Total to Repsol at Canaport 1 st cargo in May
DES – Goldman Sachs looking for back to back deliveries in Spain June Delivery
DES – Morgan Stanley 3 cargoes for sale ex Trinidad May, July and August…sold into Spain
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Waterborne Energy, Inc.
03 Jun 2010
Vol. 7, Week 22
Recent Spot Sales East of Suez
DES – Kogas Tender Nov- Dec Mitsubishi award from Oman $6.80-7.20
DES – GAIL purchase Stream Trinidad cargo November 23 ETA Dahej $6.60
DES – Kogas Tender Nov- Dec Shell award from Sakhalin $6.80-7.20
DES – Kogas Tender Nov- Dec Shell award from Sakhalin $6.80-7.20
DES – Kogas Tender Nov- Dec BP award from Trinidad $7.50ish
DES – Kogas Tender Nov- Dec BG award from Equatorial Guinea $7.50ish
FOB – December 18-20 ADGAS Tender sold to Gazprom around low $6.00
DES – Tokyo Electric December arrival from Sakhalin above $7.00
DES – Chubu Electric December arrival from Sakhalin
DES or FOB – NWS offering four cargoes from May through August
FOB – January 22-25 ADGAS Tender rumored sold to Marubeni at $6.50
FOB – February 22-23 ADGAS Tender believed awarded to Mitsui at $6.70 “Trinity Glory”
FOB – March 25-29 ADGAS Tender - sold to western major
DES – KPC tender awarded – Shell and Vitol 2010 -2013
FOB – NW Shelf March cargo – BG
FOB – NW Shelf April cargo – Mitsui/Conoco
FOB – NW Shelf March cargo – BP
FOB – May 1-3 ADGAS tender awarded to Marubeni “Jupiter”
DES – July and August CPC Tender 9 cargoes
FOB – June 2 ADGAS Tender – awarded to Marubeni “Grand Aniva”
Current Open Vessel Positions
East of Suez
Vessel Name Charterer Location
Sohar LNG Oman LNG Fujairah prompt
Muscat LNG Oman LNG Fujairah prompt
Clean Force Dynacom Singapore Prompt
Golar Arctic Golar Singapore
Woodside Donaldson Woodside SE Asia Prompt
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West of Suez
Vessel Name Charterer Location
LNG Ebi G l O id J
8

Monthly North American LNG Port Summary (Bcf)
(East Coast)
Canaport, NB, Canada
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 12.79 10.04 2.88 5.63 5.72 5.67 42.73
2009 2.84 2.88 5.63 5.82 5.67 5.68 13.20 41.72
Everett, MA
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 13.96 13.77 12.30 8.32 10.89 13.06 72.30
2009 17.01 15.99 14.14 14.28 11.31 13.84 11.87 13.87 7.29 12.54 13.69 13.60 159.43
2008 14.87 15.63 12.70 12.49 10.75 13.20 13.94 13.89 12.65 13.45 13.59 16.52 163.68
2007 19.87 13.98 16.10 19.72 11.33 14.16 17.07 16.73 11.53 14.07 13.00 16.03 183.59
2006 13.73 16.77 16.39 13.91 16.58 13.64 14.24 14.21 10.62 13.80 14.04 16.51 174.44
2005 17.72 12.97 17.05 13.71 16.80 13.40 13.59 13.26 10.29 16.46 12.34 14.38 171.97
2004 16.59 15.74 13.86 16.26 11.65 12.19 12.74 13.30 12.97 15.18 15.49 15.54 171.51
Neptune LNG
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 0.99 0.44 1.43
Northeast Gateway, MA
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 6.98 6.97 13.95
2009 1.81 0.14 2.89 4.84
2008 0.92 0.92
Cove Point, MD
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 14.80 8.68 8.77 5.41 2.93 40.59
2009 2.98 5.99 2.89 14.26 11.49 11.52 8.74 2.83 2.88 2.84 5.85 72.27
2008 5.80 2.97 2.94 2.60 3.03 5.91 2.98 26.23
2007 14.35 4.67 23.29 20.59 22.42 23.22 23.41 5.79 5.80 3.03 146.57
2006 11.92 10.98 8.84 14.39 11.61 14.53 11.97 11.76 5.44 2.84 2.46 9.02 115.76
2005 21.02 20.62 18.69 16.84 23.21 20.69 17.76 8.05 17.16 17.53 18.84 20.30 220.71
2004 16.20 19.78 15.94 16.14 16.37 20.79 17.47 18.34 17.61 16.63 17.45 23.23 215.95
Elba Island, GA
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 11.31 8.90 8.62 8.38 8.65 8.61 54.47
2009 8.66 5.84 8.69 20.15 22.34 14.40 17.50 11.76 14.51 8.58 8.71 8.58 149.72
2008 4.86 4.99 5.31 13.78 13.98 13.64 17.03 14.04 14.01 13.81 6.05 11.13 132.63
2007 10.71 15.28 13.65 13.74 16.05 16.81 19.62 22.97 15.17 10.54 10.54 4.77 169.85
2006 7.87 7.86 7.93 13.40 13.66 13.74 13.55 16.81 13.88 10.58 13.43 13.97 146.68
2005 7.88 10.58 7.86 7.85 7.90 13.04 13.14 10.87 15.56 13.56 12.55 10.65 131.44
2004 8.08 7.84 5.30 7.86 7.88 9.67 9.25 10.51 10.18 10.35 7.83 10.72 105.47
10

Monthly North American LNG Port Summary (Bcf)
(Gulf Coast)
Lake Charles, LA
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 2.56 8.73 11.58 8.51 31.38
2009 2.98 5.67 5.96 2.75 2.93 2.93 2.60 2.98 2.83 31.63
2008 5.82 3.06 8.88
2007 8.32 8.63 33.67 44.49 41.60 48.66 32.77 20.99 9.04 1.45 249.62
2006 2.98 3.03 16.99 25.29 19.66 20.72 8.75 11.52 8.94 17.17 11.62 146.67
2005 13.66 8.53 9.03 8.45 8.94 5.99 8.35 8.56 11.92 14.36 5.77 103.56
2004 12.94 8.34 13.50 8.33 14.54 20.27 34.32 14.54 14.30 8.36 14.03 163.47
Cameron, LA
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 4.22 4.22
2009 2.80 2.98 4.12 9.90
Freeport LNG, TX
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2009 2.89 2.83 5.72
2008 2.86 2.87 5.73
Sabine Pass, LA
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 5.08 7.41 3.08 8.90 24.47
2009 2.91 2.79 5.94 3.06 5.80 4.38 4.66 29.54
2008 3.03 6.10 9.13
11

Monthly North American LNG Port Summary (Bcf)
(Latin America)
Penuelas, Puerto Rico
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 2.56 2.61 2.60 0.42 3.18 11.37
2009 2.59 2.10 2.63 2.55 1.50 2.61 3.41 2.86 2.37 2.61 25.23
2008 2.86 0.64 1.87 2.43 2.97 2.02 2.64 3.80 2.42 0.44 2.85 1.93 26.87
2007 2.75 3.48 3.00 3.00 2.55 2.72 4.43 2.64 1.35 2.54 28.46
2006 2.23 2.21 2.54 2.73 2.54 3.01 3.87 3.00 1.68 3.01 5.64 32.46
2005 1.80 1.80 1.81 1.93 2.18 2.45 2.87 2.43 2.66 0.45 2.73 2.65 25.76
2004 1.55 1.82 1.92 1.90 1.33 1.64 2.94 1.94 2.39 2.43 3.81 1.65 25.32
Andres, Dominican Republic
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 2.79 2.84 2.88 8.51
2009 3.08 2.88 3.03 2.79 2.93 2.88 2.79 20.38
2008 2.79 2.84 2.84 2.79 2.98 14.24
2007 2.79 2.74 2.80 0.58 2.69 2.79 2.84 2.84 2.93 23.00
Altamira, Tamaulipas, Mexico
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 6.92 10.05 12.69 12.84 12.98 10.91 66.39
2009 5.96 6.18 5.96 11.92 6.01 11.88 14.70 14.18 11.63 8.79 13.34 11.54 122.09
2008 11.49 8.71 8.80 11.35 11.93 8.58 15.00 8.84 11.73 14.09 5.91 5.96 122.39
2007 8.61 5.82 8.56 10.87 7.45 5.62 8.94 8.70 9.04 4.85 11.48 5.91 95.85
2006 2.84 5.87 5.86 8.16 5.58 28.31
Costa Azul, Mexico
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 2.93 5.86 5.91 8.89 5.91 29.50
2009 2.80 2.80
2008 2.88 2.84 2.93 8.65
Rio de Janeiro, Brazil
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 2.88 2.88
2009 2.31 2.79 2.64 7.74
Pecem, Brazil
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 2.79 2.79
2009 2.31 2.84 2.84 2.84 2.60 2.84 16.27
Bahia Blanca, Argentina
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 4.76 5.67 5.67 8.32 24.42
2009 8.47 5.72 8.51 2.88 5.72 2.88 34.18
2008 6.77 5.86 5.72 18.35
Quintero, Chile
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 6.01 5.86 5.86 5.76 5.67 5.67 34.83
2009 2.88 2.98 2.98 2.93 5.96 2.93 20.66
Antofagasta, Chile
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
2010 3.17 2.74 2.74 8.65
12

Waterborne Energy, Inc. 03 Jun 2010
Vol. 7, Week 22
13

Waterborne Energy, Inc.
03 Jun 2010
Vol. 7, Week 22
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14

Waterborne Energy, Inc.
03 Jun 2010
Vol. 7, Week 22
Total Annual U.S. LNG Imports By Destination
Bcf
775.00
750.00
725.00
700.00
675.00
650.00
625.00
600.00
575.00
550.00
525.00
500.00
475.00
450.00
425.00
400.00
375.00
350.00
325.00
300.00
275.00
250.00
225.00
200.00
175.00
150.00
125.00
100.00
75.00
50.00
25.00
0.00
% Growth (Decline)
From Previous Year
2004 +29%
2005 -4%
2006 -8%
2007 +32%
2008 -55%
2009 +33%
2010 YTD = 52% of 2009
(Through Jun '10)
Cameron, LA
Freeport LNG,
TX
Sabine Pass, LA
Neptune, MA
Northeast
Gateway, MA
Energy Bridge,
O/S USGC
Cove Point, MD
Lake Chas., LA
Elba Is., GA
Everett, MA
2003 2004 2005 2006 2007 2008 YTD 2009 YTD 2010
15

Waterborne Energy, Inc. 03 Jun 2010
Vol. 7, Week 22
16

Everett, MA
Reported Sendout Capacity
Baseload - .700 bcf/day
Peak - 1.0 bcf/day
Storage Capacity - 3.6 bcf
Arrival Date
U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Vessel Name
Volume
CBM MT BCF
Source Port
Participants
04-Mar-10 Matthew 126,540 53,248 2.56 Trinidad GDF Suez
11-Mar-10 Maran Gas Coronis 145,700 59,904 2.88 Trinidad GDF Suez
17-Mar-10 SCF Polar 87,000 29,744 1.43 Trinidad GDF Suez
22-Mar-10 Iberica Knutsen 138,000 59,280 2.85 Trinidad GDF Suez
28-Mar-10 Matthew 126,540 53,664 2.58 Trinidad GDF Suez
Mar-2010 Total Volume 255,840 12.30
02-Apr-10 SCF Polar 87,000 30,576 1.47 Trinidad GDF Suez
10-Apr-10 Matthew 126,540 53,456 2.57 Trinidad GDF Suez
19-Apr-10 SCF Polar 87,000 29,744 1.43 Trinidad GDF Suez
24-Apr-10 GDF Suez Neptune 145,130 59,280 2.85 Trinidad GDF Suez
Apr-2010 Total Volume 173,056 8.32
07-May-10 SCF Polar 87,000 29,700 1.43 Trinidad GDF Suez
11-May-10 Matthew 126,540 54,000 2.60 Trinidad GDF Suez
18-May-10 GDF Suez Neptune 145,130 59,100 2.84 Trinidad GDF Suez
22-May-10 SCF Polar 87,000 32,000 1.54 Trinidad GDF Suez
27-May-10 Matthew 126,540 51,584 2.48 Trinidad GDF Suez
May-2010 Total Volume 226,384 10.89
02-Jun-10 BW Suez Everett 138,000 57,000 2.74 Yemen GDF Suez
07-Jun-10 SCF Polar 87,000 30,000 1.44 Trinidad GDF Suez
11-Jun-10 GDF Suez Neptune 145,130 43,680 2.10 Trinidad GDF Suez
17-Jun-10 SCF Polar 87,000 32,000 1.54 Trinidad GDF Suez
21-Jun-10 Matthew 126,540 51,000 2.45 Trinidad GDF Suez
28-Jun-10 GDF Suez Neptune 145,130 58,000 2.79 Trinidad GDF Suez
Jun-2010 Total Volume 271,680 13.06
17

Waterborne Energy, Inc.
03 Jun 2010
Vol. 7, Week 22
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18

Lake Charles, LA
Reported Sendout Capacity
Baseload - 1.8 bcf/day
Peak - 2.1 bcf/day
Storage Capacity - 9.1 bcf
Arrival Date
U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Vessel Name
Volume
CBM MT BCF
Source Port
22-Mar-10 LNG Abuja 126,532 53,248 2.56 Nigeria NLNG
Participants
Mar-2010 Total Volume 53,248 2.56
01-Apr-10 LNG Akwa Ibom 141,000 59,280 2.85 Nigeria NLNG
11-Apr-10 LNG Lokoja 144,000 61,776 2.97 Nigeria NLNG
24-Apr-10 LNG Oyo 144,000 60,528 2.91 Nigeria NLNG
Apr-2010 Total Volume 181,584 8.73
13-May-10 Seri Bijaksana 152,300 61,000 2.93 Egypt BG
14-May-10 LNG Ondo 148,300 61,000 2.93 Nigeria NLNG
16-May-10 LNG Lokoja 144,000 60,000 2.88 Nigeria NLNG
25-May-10 LNG Cross River 144,000 59,000 2.84 Nigeria NLNG
May-2010 Total Volume 241,000 11.58
11-Jun-10 Neva River 145,000 58,000 2.79 Nigeria NLNG
20-Jun-10 TBN 144,000 60,000 2.88 Nigeria NLNG
25-Jun-10 TBN 144,000 59,000 2.84 Nigeria NLNG
Jun-2010 Total Volume 177,000 8.51
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Cove Point, MD
Reported Sendout Capacity
Baseload - 1.4 Peak - 1.8 bcf/day
Storage Capacity - 14.9 bcf
Arrival Date
U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Vessel Name
Volume
CBM MT BCF
Source Port
Participants
14-Mar-10 Arctic Discoverer 144,000 59,696 2.87 Norway StatoiHydro
18-Mar-10 Seri Angkasa 145,000 62,608 3.01 Egypt BG/Shell
25-Mar-10 Arctic Voyager 145,000 60,112 2.89 Norway StatoiHydro
Mar-2010 Total Volume 182,416 8.77
05-Apr-10 Excel 138,000 58,448 2.81 Norway Statoil
28-Apr-10 Excel 138,000 54,080 2.60 Trinidad PFLE/Statoil
Apr-2010 Total Volume 112,528 5.41
16-Jun-10 British Diamond 155,000 61,000 2.93 Norway BP
Jun-2010 Total Volume 61,000 2.93
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Elba Island, GA
Reported Sendout Capacity
Baseload - .9 bcf/day
Peak - 1.2 bcf/day
Storage Capacity - 7.3 bcf
Arrival Date
U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Vessel Name
Volume
CBM MT BCF
Source Port
06-Mar-10 Umm Bab 145,700 62,192 2.99 Egypt BG
14-Mar-10 Methane Princess 138,000 57,616 2.77 Egypt BG
24-Mar-10 Celestine River 145,000 59,488 2.86 Trinidad BG
Participants
Mar-2010 Total Volume 179,296 8.62
02-Apr-10 Clean Energy 149,700 63,024 3.03 Egypt BG
13-Apr-10 Clean Energy 149,700 53,456 2.57 Trinidad BG
21-Apr-10 Methane Kari Elin 145,000 57,824 2.78 Egypt BG
Apr-2010 Total Volume 174,304 8.38
01-May-10 Methane Jane Elizabeth 145,000 60,000 2.88 Egypt BG
07-May-10 Methane Kari Elin 145,000 61,000 2.93 Trinidad BG
19-May-10 Seri Begawan 152,300 59,000 2.84 Egypt BG
May-2010 Total Volume 180,000 8.65
08-Jun-10 Methane Princess 138,000 59,000 2.84 Egypt BG
19-Jun-10 Methane Nile Eagle 145,000 61,000 2.93 Egypt BG
22-Jun-10 TBN 145,000 59,000 2.84 Trinidad BG
Jun-2010 Total Volume 179,000 8.61
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U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Neptune LNG, MA
Reported Sendout Capacity Baseload - .400 bcf.day Peak - .750 bcf/day Storage Capacity - Tanker size 3.1 bcf
Arrival Date
Vessel Name
Volume
CBM MT BCF
Source Port
Participants
29-Mar-10 GDF Suez Neptune 145,130 20,592 .99 Trinidad GDF Suez
Mar-2010 Total Volume 20,592 .99
18-Apr-10 GDF Suez Neptune 145,130 9,152 .44 Trinidad GDF Suez
27

U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Sabine Pass, LA
Reported Sendout Capacity Baseload - 2.6 bcf.day Peak - 2.8 bcf/day Storage Capacity - 16.9 bcf
Arrival Date
Vessel Name
Volume
CBM MT BCF
Source Port
Participants
25-Mar-10 Seri Balqis 157,200 64,064 3.08 Yemen Yemen LNG/Total
Mar-2010 Total Volume 64,064 3.08
02-Apr-10 Al Hamla 216,200 91,520 4.40 Qatar Qatargas/Total
09-Apr-10 Al Khuwair 217,330 93,600 4.50 Qatar Rasgas/Chevron
Apr-2010 Total Volume 185,120 8.90
28

U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Penuelas, Puerto Rico
(The U.S. Government does not include Puerto Rico Imports in the monthly inventory statistics)
Arrival Date
Vessel Name
Volume
CBM MT BCF
Source Port
Participants
18-Mar-10 Matthew 126,540 54,288 2.61 Trinidad GDF Suez
Mar-2010 Total Volume 54,288 2.61
22-Apr-10 Matthew 126,540 54,000 2.60 Trinidad GDF Suez
Apr-2010 Total Volume 54,000 2.60
20-May-10 Matthew 126,540 8,704 .42 Trinidad GDF Suez
May-2010 Total Volume 8,704 .42
02-Jun-10 GDF Suez Neptune 145,130 12,000 .58 Trinidad GDF Suez
18-Jun-10 Matthew 126,540 54,000 2.60 Trinidad GDF Suez
Jun-2010 Total Volume 66,000 3.18
29

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U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Canaport, NB, Canada
Reported Sendout Capacity Baseload - 1.0 bcf/day Peak - 1.2 bcf/day Storage Capacity - 6.8 bcf
Arrival Date
Vessel Name
Volume
CBM MT BCF
Source Port
17-Mar-10 Bilbao Knutsen 138,000 60,000 2.88 Trinidad Repsol
Participants
Mar-2010 Total Volume 60,000 2.88
07-Apr-10 Bilbao Knutsen 138,000 58,000 2.79 Trinidad Repsol
27-Apr-10 Bilbao Knutsen 138,000 59,000 2.84 Trinidad Repsol
Apr-2010 Total Volume 117,000 5.63
03-May-10 Arctic Lady 145,000 61,000 2.93 Norway Total/Repsol
12-May-10 Bilbao Knutsen 138,000 58,000 2.79 Trinidad Repsol
May-2010 Total Volume 119,000 5.72
04-Jun-10 Bilbao Knutsen 138,000 58,000 2.79 Trinidad Repsol
25-Jun-10 TBN 145,000 60,000 2.88 Norway Total/Repsol
Jun-2010 Total Volume 118,000 5.67
31

Andres, Dominican Republic
U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Volume
Arrival Date Vessel Name
Source Port Participants
CBM MT BCF
06-Apr-10 British Trader 138,200 59,072 2.84 Trinidad BP/AES
Apr-2010 Total Volume 59,072 2.84
10-Jun-10 LNG Ebisu 145,000 60,000 2.88 Trinidad BP/AES
Jun-2010 Total Volume 60,000 2.88
32

U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Altamira, Mexico
Reported Sendout Capacity Baseload - .500 bcf per/day Storage Capacity - 6.4 bcf
Volume
Arrival Date Vessel Name
Source Port Participants
CBM MT BCF
07-Mar-10 Onaiza 210,100 89,000 4.28 Qatar Qatargas
13-Mar-10 LNG Rivers 144,000 62,000 2.98 Nigeria NLNG
19-Mar-10 LNG River Niger 144,000 61,000 2.93 Nigeria NLNG
26-Mar-10 LNG Lagos 122,000 52,000 2.50 Nigeria NLNG
Mar-2010 Total Volume 264,000 12.69
04-Apr-10 Golar Grand 138,000 58,000 2.79 Nigeria NLNG
11-Apr-10 Al Khattiya 209,200 89,000 4.28 Qatar Qatargas
18-Apr-10 LNG Rivers 144,000 61,000 2.93 Nigeria NLNG
22-Apr-10 LNG Bayelsa 142,000 59,000 2.84 Nigeria NLNG
Apr-2010 Total Volume 267,000 12.84
08-May-10 Tembek 216,200 91,000 4.38 Qatar Qatargas
16-May-10 LNG Enugu 144,000 60,000 2.88 Nigeria NLNG
24-May-10 LNG Rivers 144,000 60,000 2.88 Nigeria NLNG
30-May-10 LNG Akwa Ibom 141,000 59,000 2.84 Nigeria NLNG
May-2010 Total Volume 270,000 12.98
03-Jun-10 Seri Balqis 157,200 63,000 3.03 Yemen Total
11-Jun-10 LNG Port Harcourt 122,000 50,000 2.40 Nigeria NLNG
14-Jun-10 Seri Angkasa 145,000 60,000 2.88 Egypt BG/Shell
19-Jun-10 LNG Abuja 126,532 54,000 2.60 Nigeria NLNG
Jun-2010 Total Volume 227,000 10.91
33

U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Costa Azul, Mexico
Reported Sendout Capacity Baseload - 1 bcf/day Peak - 1.3 bcf/day Storage Capacity - 7 bcf
Arrival Date
Vessel Name
Volume
CBM MT BCF
Source Port
Participants
18-Mar-10 Tangguh Towuti 145,700 61,000 2.93 Indonesia Tangguh JV/Sempra
27-Mar-10 Tangguh Batur 145,700 61,000 2.93 Indonesia Tangguh JV/Sempra
Mar-2010 Total Volume 122,000 5.86
11-Apr-10 Tangguh Sago 154,900 62,000 2.98 Indonesia Tangguh JV/Sempra
18-Apr-10 Tangguh Palung 153,200 61,000 2.93 Indonesia Tangguh JV/Sempra
Apr-2010 Total Volume 123,000 5.91
05-May-10 Tangguh Foja 153,200 62,000 2.98 Indonesia Tangguh JV/Sempra
14-May-10 Tangguh Hiri 154,900 63,000 3.03 Indonesia Tangguh JV/Sempra
29-May-10 Tangguh Sago 154,900 60,000 2.88 Indonesia Tangguh JV/Sempra
May-2010 Total Volume 185,000 8.89
07-Jun-10 Tangguh Palung 153,200 61,000 2.93 Indonesia Tangguh JV/Sempra
22-Jun-10 Tangguh Foja 153,200 62,000 2.98 Indonesia Tangguh JV/Sempra
Jun-2010 Total Volume 123,000 5.91
34

U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Quintero, Chile
Arrival Date Vessel Name
Volume
CBM MT BCF
Source Port Participants
14-Mar-10 Methane Shirley Elisabeth 145,000 61,000 2.93 Trinidad BG
26-Mar-10 Methane Rita Andrea 145,000 61,000 2.93 Trinidad BG
Mar-2010 Total Volume 122,000 5.86
11-Apr-10 Methane Lydon Volney 145,000 60,000 2.88 Trinidad BG
26-Apr-10 Neo Energy 150,000 60,000 2.88 Qatar BG
Apr-2010 Total Volume 120,000 5.76
10-May-10 Methane Shirley Elisabeth 145,000 60,000 2.88 Equatorial Guinea BG
24-May-10 Methane Jane Elizabeth 145,000 58,000 2.79 Trinidad BG
May-2010 Total Volume 118,000 5.67
10-Jun-10 Neo Energy 150,000 61,000 2.93 Equatorial Guinea BG
25-Jun-10 TBN 138,000 57,000 2.74 Equatorial Guinea BG
35

U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Antofagasta, Chile
Volume
Arrival Date Vessel Name
Source Port Participants
CBM MT BCF
15-Apr-10 BW GDF Suez Brussels 162,400 66,000 3.17 Trinidad GDF Suez
Apr-2010 Total Volume 66,000 3.17
05-May-10 BW Suez Boston 138,000 57,000 2.74 Egypt GDF Suez
May-2010 Total Volume 57,000 2.74
12-Jun-10 Grace Cosmos 141,000 57,000 2.74 Egypt GDF Suez
Jun-2010 Total Volume 57,000 2.74
36

Bahia Blanca, Argentina
U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Arrival Date Vessel Name
Volume
CBM MT BCF
Source Port
Participants
08-Apr-10 Sestao Knutsen 138,000 60,000 2.88 Trinidad Gas Natural
18-Apr-10 Excalibur 138,000 58,000 2.79 Trinidad Excelerate Energy
Apr-2010 Total Volume 118,000 5.67
10-May-10 Sestao Knutsen 138,000 58,000 2.79 Trinidad Gas Natural
25-May-10 Iberica Knutsen 138,000 60,000 2.88 Trinidad Repsol
May-2010 Total Volume 118,000 5.67
10-Jun-10 Catalunya Spirit 138,000 58,000 2.79 Trinidad Gas Natural
18-Jun-10 Excalibur 138,000 57,000 2.74 Qatar Excelerate Energy
29-Jun-10 TBN 138,000 58,000 2.79 Trinidad TBN
Jun-2010 Total Volume 173,000 8.32
37

U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Pecem, Brazil
Volume
Arrival Date Vessel Name
Source Port Participants
CBM MT BCF
04-Apr-10 Golar Viking 138,000 58,000 2.79 Nigeria Shell/Petrobras
Apr-2010 Total Volume 58,000 2.79
Rio de Janeiro, Brazil
U.S.LNG IMPORTS
Some of the data below is unconfirmed and forward schedules are considered incomplete data.
Volume
Arrival Date Vessel Name
Source Port Participants
CBM MT BCF
05-Jun-10 Seri Bijaksana 152,300 60,000 2.88 Trinidad BG/Petrobras
Jun-2010 Total Volume 60,000 2.88
38

Total U.S. Monthly Waterborne LNG Import Volumes(Bcf)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 56.35 45.73 36.32 40.18† 31.12† 33.11† 0.00 0.00 0.00 0.00 0.00 0.00
2009 28.65 27.82 31.61 58.96 51.10 54.14 44.02 34.45 33.03 26.98 36.71 35.58
2008 25.53 23.59 20.95 34.76 31.55 32.94 30.97 33.84 32.48 27.26 22.70 30.63
2007 53.25 42.56 86.83 98.54 94.19 88.23 98.51 87.22 41.53 31.86 26.57 20.80
2006 36.50 38.64 33.16 58.69 67.14 61.57 60.48 51.98 41.46 36.16 47.10 51.12
2005 60.28 52.70 46.22 47.43 56.36 56.07 50.48 43.10 51.57 59.47 58.09 51.10
2004 53.81 51.70 48.60 48.59 50.44 62.92 73.78 56.69 55.06 50.51 40.77 63.52
2003 23.11 21.01 31.00 32.68 45.81 46.14 56.74 50.02 50.77 60.79 49.00 41.04
2002 8.04 7.57 10.15 17.21 25.69 25.82 21.40 24.17 16.89 27.42 21.81 20.15
2001 18.21 20.10 23.25 22.01 27.14 26.59 23.91 17.91 21.83 11.73 7.85 13.21
2000 12.81 10.16 14.81 17.11 13.18 14.79 26.62 22.94 20.44 24.63 19.08 18.05
1999 13.01 10.33 13.09 10.13 9.39 11.56 14.12 15.03 16.97 10.98 11.46 12.67
1998 10.15 9.77 5.66 2.54 7.59 7.59 5.08 4.86 5.13 5.02 10.06 12.50
5 Yr Avg. 40.06 35.67 41.77 58.23 55.02 54.00 56.89 50.12 40.01 36.35 38.23 37.85
% of Avg. 141% 128% 87% 69% 57% 61% 77% 69% 83% 74% 96% 94%
39

Total U.S. Monthly Waterborne LNG Import Volumes(Mt)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 1,172 951 755 836† 647† 689† 0 0 0 0 0 0
2009 596 579 657 1,226 1,063 1,126 916 717 687 561 764 740
2008 531 491 436 723 656 685 644 704 676 567 472 637
2007 1,108 885 1,806 2,050 1,959 1,835 2,049 1,814 864 663 553 433
2006 759 804 690 1,221 1,397 1,281 1,258 1,081 862 752 980 1,063
2005 1,254 1,096 961 987 1,172 1,166 1,050 896 1,073 1,237 1,208 1,063
2004 1,119 1,075 1,011 1,011 1,049 1,309 1,535 1,179 1,145 1,051 848 1,321
2003 481 437 645 680 953 960 1,180 1,040 1,056 1,264 1,019 854
2002 167 157 211 358 534 537 445 503 351 570 454 419
2001 379 418 484 458 565 553 497 373 454 244 163 275
2000 266 211 308 356 274 308 554 477 425 512 397 375
1999 271 215 272 211 195 240 294 313 353 228 238 264
1998 211 203 118 53 158 158 106 101 107 104 209 260
5 Yr Avg. 40.06 35.67 41.77 58.23 55.02 54.00 56.89 50.12 40.01 36.35 38.23 37.85
% of Avg. 141% 128% 87% 69% 57% 61% 77% 69% 83% 74% 96% 94%
40

U.S. LNG Imports Avg. Bcf/Day
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 1.82 1.63 1.17 1.34† 1.00† 1.10† 0.00 0.00 0.00 0.00 0.00 0.00
2009 0.92 0.99 1.02 1.97 1.65 1.80 1.42 1.11 1.10 0.87 1.22 1.15
2008 0.82 0.81 0.68 1.16 1.02 1.10 1.00 1.09 1.08 0.88 0.76 0.99
2007 1.72 1.52 2.80 3.28 3.04 2.94 3.18 2.81 1.38 1.03 0.89 0.67
2006 1.18 1.38 1.07 1.96 2.17 2.05 1.95 1.68 1.38 1.17 1.57 1.65
2005 1.94 1.88 1.49 1.58 1.82 1.87 1.63 1.39 1.72 1.92 1.94 1.65
2004 1.74 1.78 1.57 1.62 1.63 2.10 2.38 1.83 1.84 1.63 1.36 2.05
2003 0.75 0.75 1.00 1.09 1.48 1.54 1.83 1.61 1.69 1.96 1.63 1.32
2002 0.26 0.27 0.33 0.57 0.83 0.86 0.69 0.78 0.56 0.88 0.73 0.65
2001 0.59 0.72 0.75 0.73 0.88 0.89 0.77 0.58 0.73 0.38 0.26 0.43
2000 0.41 0.35 0.48 0.57 0.43 0.49 0.86 0.74 0.68 0.79 0.64 0.58
1999 0.42 0.37 0.42 0.34 0.30 0.39 0.46 0.48 0.57 0.35 0.38 0.41
1998 0.33 0.35 0.18 0.08 0.24 0.25 0.16 0.16 0.17 0.16 0.34 0.40
5 Yr Avg. 1.32 1.32 1.41 1.99 1.94 1.95 2.03 1.76 1.48 1.32 1.30 1.40
% of Avg. 138% 123% 83% 67% 52% 57% 70% 63% 74% 66% 94% 82%
1998 thru May 2003 values are derived from EIA data
†Incomplete data.
41

Week Ending LNG Imports By Terminal (Bcf)
Apr 16
2010
Apr 23
2010
Apr 30
2010
May 07
2010
04/16/2010 - 07/02/2010
May 14 May 21 May 28
2010 2010 2010
Jun 04
2010
Jun 11
2010
Jun 18
2010
Jun 25
2010
Jul 02
2010
Cove Point, MD 0.00 0.00 2.60 0.00 0.00 0.00 0.00 0.00 0.00 2.93 0.00 0.00
Elba Island, GA 2.57 2.78 0.00 5.81 0.00 2.84 0.00 0.00 2.84 0.00 5.77 0.00
Everett, MA 2.57 1.43 2.85 1.43 2.60 2.84 4.02 2.74 3.54 1.54 2.45 2.79
Lake Charles, LA 2.97 0.00 2.91 0.00 5.86 2.88 2.84 0.00 2.79 0.00 5.72 0.00
Neptune LNG 0.00 0.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Week Totals 8.11 4.65 8.36 7.24 8.46 8.56 6.86 2.74 9.17 4.47 13.94 2.79
Jan
22
2010
Jan
29
2010
Feb
05
2010
01/22/2010 - 04/09/2010
Feb Feb Feb Mar
12 19 26 05
2010 2010 2010 2010
Mar
12
2010
Mar
19
2010
Mar
26
2010
Apr
02
2010
Apr
09
2010
Cove Point, MD 2.85 0.00 3.02 0.00 2.80 2.86 0.00 0.00 5.88 2.89 0.00 2.81
Elba Island, GA 5.25 0.00 0.00 3.03 0.00 5.87 0.00 2.99 2.77 2.86 3.03 0.00
Everett, MA 5.71 1.43 2.80 4.00 2.85 2.69 3.99 2.88 1.43 2.85 4.05 0.00
Lake Charles, LA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.56 2.85 0.00
Neptune LNG 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.99 0.00
Northeast Gateway,
MA
2.60 0.00 3.10 1.84 2.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sabine Pass, LA 0.00 0.00 7.41 0.00 0.00 0.00 0.00 0.00 0.00 3.08 4.40 4.50
Week Totals 16.41 1.43 16.33 8.87 7.72 11.42 3.99 5.87 10.08 14.24 15.32 7.31
42

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Total U.S. Monthly Waterborne LNG Import Volumes By Source (Bcf)
Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 Dec 09 Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10
Egypt 14.34 14.49 14.46 14.44 11.68 14.41 16.81 8.76 8.77 5.81 8.65 5.77
Nigeria 2.93 0.00 2.60 0.00 0.00 0.00 0.00 0.00 2.56 8.73 8.65 8.51
Norway 5.76 0.00 0.00 0.00 0.00 0.00 5.82 5.88 5.76 2.81 0.00 2.93
Qatar 0.00 0.00 0.00 0.00 8.50 4.66 11.90 6.57 0.00 8.90 0.00 0.00
Trinidad 20.99 19.96 15.97 12.54 16.53 16.51 21.82 18.75 16.15 13.93 13.82 13.16
Yemen 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.77 3.08 0.00 0.00 2.74
Month Totals 44.02 34.45 33.03 26.98 36.71 35.58 56.35 45.73 36.32 40.18 31.12 33.11
Total Annual U.S. Waterborne LNG Imports (Bcf)
2001 2002 2003 2004 2005 2006 2007 2008 2009 *2010
233.74 226.32 511.38 653.42 630.38 583.79 770.12 347.96 462.01 238.57
January, 1997 thru May, 2003 values are derived from EIA data
*Preliminary
Typical Heat Content Chart of LNG Exporting Countries
(Btu per Cubic Feet)
Exporting Country LNG Heat Content Exporting Country LNG Heat Content
USA (Alaska) 1,015 Oman 1,160
Trinidad 1,050 Malaysia 1,133
Nigeria 1,110 Australia 1,125
Algeria (Skikda) 1,121 Brunei 1,133
Algeria (Arzew) 1,090 Indonesia (Arun) 1,107
Libya 1,160 Indonesia (Bontang) 1,107
Qatar 1,090 Abu Dhabi 1,130
Nigeria (*) 1,080 Qatar (*) 1,130
Egypt 1,037
(*) = Second Train, Different Specifications
44

Waterborne Energy, Inc.
Methodology
The U.S. Waterborne LNG Report tracks the flow of LNG vessels that call on U.S. ports only. The report is
a rolling 5 month view of LNG imports. Some of the vessel information contained in this report is unconfirmed.
Some forward liftings are based on anticipated vessel rotations and market feedback. Current and forward vessel
schedules are considered incomplete data, and are subject to change. Any information contained in this report
may be modified at any time. The volumes are listed in cubic meters and billions of cubic feet (bcf). Volumes in
(bcf) account for a 2% loss of cargo in transit based on a 5 day voyage. Heat content is based on an average of
various port specifications. Historical information prior to June 2003 cited in the summary section of the U.S.
Waterborne LNG Report is sourced from the EIA. Import forecasts are formed by a compilation of
information from various sources and in-house expertise.
Disclaimer
Waterborne Energy, Inc. makes no warranties as to the accuracy of information provided in this report, or
results obtained from its use. Copyright © 2010 Waterborne Energy, Inc.
Copyright
Reproduction and/or retransmission of any type by any means whatsoever without the prior written consent from
the publisher, Waterborne Energy, Inc., is strictly prohibited. Failure to respect copyright could result in loss of
U.S. Waterborne LNG Report access.
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