LNG arterymeshing GATE in

Rudolf HuberPrincipal

Hamburg – March 2013

Insanity: doing the same thing

over and over again and expecting different

results.

Albert Einstein

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We want LNG

to fuel our vehicles

butforhalfacentury

the industry built this

and this

Also this

but they forgot the link

We can build new liquefaction

doing everything from the scratch

when we should use what we have

Why?

Small LNGproduction has merits

it‘s technologicaly proven

and also economical

but sometimes

it makes sense to do

the simple thing

Existing regasification terminals are

monsters

built for inflexibility

but in the new LNG world

flexibilitycounts

The real

question is

how to get LNG from

here

here

LNG cannot be piped far

but you can use this

or this

in bulk transportthough

nothing beats this

With GATE

begins a waterway across Europe

right to the Black Sea

It could be the European LNG artery

supplying

satellites

GATE needs to

from this

into this

certain mechanisms

help

like the

umbrella

they are guidelines

and need translation

You will learn

new things

but first

the old LNGworld carries

lessons

Cooperation

and strategicthinking

instead of shortterm gain

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