THE ALASKA LNG PROJECT

Alaska LNG SummitSeptember 13, 2012

Valdez, Alaska

ALASKA GASLINE PORT AUTHORITY

Member entities (formed by vote

in 1999):North Slope Borough

(founding member)

Fairbanks North Star Borough

City of Valdez, AlaskaReceived tax exempt ruling from IRS

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and theWorld

Markets4

Alaska’s North Slope Gas35 TCF discovered while drilling for oil

8.6 bcf re-injected into oil reservoirs each day for field pressure and due to no pipeline to tidewater.

All gas re-injected is conventional/associated gas

Estimated in several hundred of TCF of gas on North Slope

Gas volume for Project, 2.7 bcfd or 1/3 of that being re-injected

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Project1. Gas Conditioning Plant – (Prudhoe Bay)

2. Pipeline – 48” dense phase pipeline, 806 miles parallel to TAPS to Valdez (Volume 2.7 bcfd)

3. LNG Plant/LPG Extraction Facility (Valdez) at:

a) VMTb) Anderson Bayc) Floating LNG facility 6

Permits Previously Issued

For the All Alaska Gasline LNG Project

Valdez Route

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Permits Previously Obtained for Gasline to Valdez:The following permits have previously been received for this project route and terminal location:

FERC Declaratory Order Regarding its TAGS JurisdictionPresidential Finding Approving Export of Alaska Natural GasCoastal Zone Consistency DeterminationTAGS Project-wide Final EISAhtna Corporation Right of Way AgreementFederal Pipeline ROW GrantState of Alaska Conditional ROW LeaseDOE/OFE Authorization for Export of Natural Gas (Order

350)DOE/OFE Confirmation of Order 350Anderson Bay (LNG Terminal) Final EISFERC Authorization for Siting LNG/MT FacilityAnderson Bay LNG/MT Facility Air Quality (PSD) Permit 8

Existing Oil Terminal at the Deep Water Port Valdez

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Anderson Bay

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Floating LNG Facility

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LNG from Alaska is the

Closest North American LNG

to Asian Markets12

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Export License Application

WHITE HOUSE

FREE TRADE AGREEMENT

BALANCE OF PAYMENTS

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Options for Alaska1. Continue on the existing (now

47 year) plan where the North Slope leaseholders decide when it is in their best interest to commercialize Alaska’s gas; or

2. State of Alaska secures long term gas contracts, builds/owns the infrastructure (pipeline) to take Alaska’s gas to Alaskans and the world markets now.

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Thank you

731 N StreetAnchorage, Alaska 99501www.allalaskagasline.com

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