SWAMCMarch 5, 2014

Anchorage, Alaska

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Board Members: Chairman, Dave Cobb – City of Valdez Vice-Chairman, Bert Cottle– City of Valdez Secretary, Steve Haagenson – Fairbanks North Star Borough Treasurer, Merrick Peirce – Fairbanks North Star Borough Board Member, Dave Dengel – City of Valdez Board Member, Jim Whitaker – Fairbanks North Star

BoroughProject Manager / General Counsel, Bill Walker – Walker

Richards, LLC

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LNG from Alaska is the

Closest North American LNG

to Asian Markets

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Are Asian Markets Interested in Alaska’s LNG?

Letters of Intent for Asian Market signed with AGPA

EAST-WEST POWER CO. LTD. (KOREA)

GS ENERGY (KOREA)

POSCO (KOREA)

KOGAS (KOREA)

PTT INTERNATIONAL (THAILAND)

PGN LNG (INDONESIA)11

POSCO is one of the world’s largest steel plants.POSCO power is the largest private power plant in Korea.

“POSCO is ready to discuss with AGPA to define the terms and conditions for our participation in the Valdez LNG

Project.”June 2012

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Since founding in 1983, it has grown to become the world’s largest LNG importer.

KOGAS is committed to providing clean, safe and convenient energy to the people of Korea.

KOGAS currently operates three LNG terminals and a nationwide pipeline network spanning 3,022 km in order to ensure stable supply for the nation.

KOGAS imports LNG from around the world and supplies it to power generation plants, gas-utility companies and city gas companies.

KOGAS received the sovereign credit rating of A1 and A, the highest credit rating ever given to a Korean company by the Moody’s and S&P.

“I look forward to a joint journey together with AGPA for the success of the project.”

June 201213

AGPA’s Aggregated Volume for ExxonMobil’s Non-Binding Solicitation of InterestKOGAS (Korea)

POSCO (Korea)

GS Energy (Korea)

PTT International (Thailand)

PGN LNG (Indonesia)

East-West Power Co. Ltd. (Korea)

Total Export: 2.8 bcf/d

In-state: .250 mcf

Total 3.05 bcf/d(Not all of the above companies have designated off-take volumes)

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Total Nomination for LNG Per AGIA Solicitation of Interest, September 14,

2012

Asia market nominations 5.50 bcf/d

In-state demand .25 bcf/d

5.75 bcf/d

Maximum Volume Capacity 48” line (max. compression) 5.9 bcf/d

Wood Mackenzie economic calculations of $ to Alaska based on 2.7 bcf/d project

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Alaska’s Competition for Asian MarketsExxonMobil

Qatar – North FieldPapua New GuineaAustraliaGolden Pass (U.S. Gulf Coast)

ConocoPhillipsQatarAustralia and Timor-Leste

BP Trinidad (Atlantic LNG)North West Shelf (Australia)ADGAS (Abu Dhabi)Tangguh (Indonesia)Bontang (Indonesia) 18

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Potential Benefits to Alaskansfrom a State-Owned Gasline/LNG Project

byPDC Harris Group LLC

Energy Cost Savings: Bethel and Fairbanks

Bethel energy cost savings of up to 65%

Equates to potentially $886 million in fuel savings cost for Bethel residents (over 30 years)

Fairbanks energy cost savings up to 80%

Benefits to All Alaskans from Large Volume Gasline to Tidewater with LNG

Export

1. Low Cost / Clean Burning Energy to Alaskans.

2. Revenues to Alaska equivalent to 10 PFDs.

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Thank you

731 N StreetAnchorage, Alaska 99501www.allalaskagasline.com

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