International Natural Gas Prices —Henry Hub --- UK •Japan 1 4-i 2- 0 Sep-07 Oct-08 Oct-09 Nov-10 Dec-11 Current Gas Prices Supportive of LNG Transport $ cost per mm BTU 18 16 1 14 12 10 8 6 4 2 0 Japan LNG Cost Regasification charge Shipping Cost Henry Hub Natural Gas 121 1=1MIP --