Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28BAKER BOTTS LNG 7 The firm’s LNG practice began in the early 1970s through our involvement in developing the successful Bontang LNG Project in East Kalimantan, Indonesia. It has grown to include dozens of projects in the U.S. and around the world, including several benchmark-setting projects, such as the first LNG liquefaction project in the United States to have taken FID in over 40 years, and the first LNG liquefaction project in South America. We have assisted with the development of numerous liquefaction facilities, 10 of which have successfully launched and many of which have been financed. We have also advised clients in securing the first LNG supply into new terminals in Brazil, China, the Dominican Republic, Chile, India, Europe and the U.S., and have been in the forefront of the development of numerous new regasification facilities, including several floating terminals. Baker Botts lawyers have: • Advised on over 150 significant LNG transactions in more than 30 countries • Assisted clients as project counsel in developing 15 liquefaction projects, including several in the past five years • Represented developers in a myriad of LNG receiving terminals regarding project structuring, financing, commercial, environmental, tax and regulatory matters and inter-customer agreements • Secured permits from the U.S. DOE, FERC, Coast Guard, Army Corps of Engineers and other federal and state regulatory agencies for terminal construction and expansions and for LNG shipping • Worked with financial institutions and commodity traders to structure investments in LNG projects and develop innovative marketing and trading models for LNG • Advised clients on the purchase and charter of over 85 new-build LNG tankers, including some of the first floating LNG storage and regasification vessels and one of the first proposed floating liquefaction vessels • Provided leadership to a 200-member, industry-wide effort to draft a model LNG Master Sales Agreement (MSA) necessary to promote development of a secondary market for LNG.