The Bright Future of Small-Scale LNG

AMSTERDAM, February 16, 2011 - Small scale LNG has been experiencing considerable growth in the past
years and will be gaining even more popularity and importance in the upcoming
years. Many organisations are now investigating the business case and are
considering investing in the new technology.

As the global liquefied natural gas sector continues to expand, companies
are exploring how to best harness the technology. Many organisations are
assessing the needs and uses of small to mid-scale LNG and seeing how best to
boost their presence in the sector, and one of these companies is
Rotterdam-based Anthony Veder.

The Dutch shipping company recently ordered a new LNG carrier from custom
ship builder Meyer Werft, which will be used solely for the transport of LNG.
At an overall length of 156m and with a breadth of 22.7m, the carrier will
have a cargo capacity of 15,600 cubic metres and the two companies revealed
that it will be able to run on low-emission LNG fuel to limit environmental
impact.

Currently, the company cites its aims as developing the large-scale CO2
shipping concept and further developing the small-scale LNG market. Jan
Valkier, Managing Director of Anthony Veder, said the latest addition to the
fleet is scheduled for the end of 2012.

"We are excited about our next step in LNG with this innovative ship, the
first of this type. It fits our goal to further develop this market of
distributing environmental friendly energy," Anthony Veder explained.

The bright future of the small to mid-scale LNG sector was also recently
highlighted by Rodney George, Vice President of power plants for Wartsila
Caribbean Inc. Speaking at an event in Miami, Platts quoted him as saying
that the LNG market in the Caribbean region will grow due to many factors
which make it a more attractive energy fuel than traditional oil-based
resources.

According to Mr George, oil-based fuels account for 95 per cent of energy
in the Caribbean, but organisations are quickly realising that LNG is less
expensive than both low-sulphur and high-sulphur fuel oil. LNG is also
regarded as a cleaner fuel than residual fuel oil, which Mr George argued
could make it a more attractive investment to financial institutions.

The Wartsila Caribbean Vice President also noted that smaller projects
are now being favoured over large-scale ones, while LNG transporters are no
longer restricted to larger ships thanks to 10,000-15,000 cubic metre vessels
growing in prevalence - a case in point being the one Anthony Veder has
ordered from Meyer Werft.

It is clear from the moves being made in both Europe and the Caribbean
that small to mid-scale LNG will only increase in popularity and importance
in the coming years. With investment ranging from the French Isles to the
Baltic, the benefits and challenges associated with LNG will be in the
spotlight for some time to come.

Current trends in small scale LNG will also be discussed during the
Small-Mid Scale LNG Summit taking place 11th - 12th April 2011 in Amsterdam.
Senior LNG professionals will gather to discuss the commercial and business
case for smaller LNG projects and the technologies needed to make these
happen. International case studies will be explored including updates from
Vietnam, the Philippines, China, Turkey, Norway, France and the Netherlands.
For more information about the Summit visit bit.ly/efD63A

Note to editors: for further information about the Small-Mid Scale LNG
Summit see bit.ly/efD63A

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Contact: Jana Koller, +44(0)207-368-9300, enquire@iqpc.co.uk .

Contact: Jana Koller, +44(0)207-368-9300, enquire at iqpc.co.uk .