Mitsui’s Activities in Energy Sector Takeshi Kanamori Executive Managing Officer, Chief Operating Officer Infrastructure Projects Business Unit Mitsui & Co., Ltd. September 24th, 2013 Belo Horizonte Copyright © MITSUI & CO., LTD. All Rights Reserved. Mitsui at a Glance Profile Foundation Establishment Number of Employees (Consolidated) Subsidiaries and Associated Companies Global Network : July 1, 1876 : July 25, 1947 : 45,148 : 410 Financial Information Revenue Net Income Total Assets Shareholders’ Equity : USD 52.2 Bil : USD 3.3 Bil : USD 109.8 Bil : USD 33.8 Bil Long Term Credit Ratings Moody’s S&P : A2 : A+ Number of Offices Overseas :136 (67 countries) Domestic : 12 As of September 1, 2013 Mitsui’s Motto “Desafio e Inovação” (Challenge and Innovation) Copyright © MITSUI & CO., LTD. All Rights Reserved. 1 12 Business Units Mitsui covers all of the industrial sectors through its 12 Business Units. Energy BU I Iron & Steel Product BU Energy BU II Mineral & Metal Resources BU Infrastructure Projects BU Foods Resources BU Integrated Transportation Systems BU Food Products & Services BU Basic Chemicals BU Consumer Service BU Performance Chemicals BU Innovation & Corporate Development BU Copyright © MITSUI & CO., LTD. All Rights Reserved. 2 Infrastructure Projects Business Unit Copyright © MITSUI & CO., LTD. All Rights Reserved. Power Generation Water Resources Oil & Gas Offshore 3 Mitsui in Brazil Brazil is one of the most important countries for Mitsui. Mitsui’s activities in Brazil cover the wide range of sectors. Food Resources Energy Copyright © MITSUI & CO., LTD. All Rights Reserved. Oil & Gas Food Products Mineral & Metal Resources Infrastructure 4 Logistics Huge Potentialities in Brazil Latin America have huge proven reserves of oil and gas which represents 328.4 billion barrels. Brazil has ~15.3 billon barrels of proven reserves, which is the 15th country in the world. Brazil positions the oil & gas industries as a strategic sector for its sustainable growth. Proven reserves - geographic regions 16 14 12 10 8 6 4 2 0 Proven reserves - Brazil 2003200420052006200720082009201020112012 Pre-salt Sources : Ministério De Minas E Energia - Governo Federal Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis – ANP U.S. Energy Information Administration – EIA Copyright © MITSUI & CO., LTD. All Rights Reserved. 5 Mitsui in Value-chain Broad international experience in equity investment, construction, marketing & trading and structured finance covering all segments in the oil & gas value chain Exploration & Production Blocks in Australia New Zealand Thailand Cambodia Vietnam Indonesia Oman UAE Qatar Russia Libya Mozambique Poland USA (Shale) Canada UK Italy, etc Drillships / Brazil Processing <LNG Liquefaction Terminal> Sakhalin-II / Russia ADGAS / Abu-Dabi Qatargas1&3 / Qatar Oman LNG / Oman NWS / Australia Equatorial Guinea Tangguh / Indonesia <Oil & Gas Processing> FPSOs / Brazil & others Espadarte, Voador, Marimba / Brazil Barracuda / Brazil Copyright © MITSUI & CO., LTD. All Rights Reserved. LNG Receiving Terminal LNG Tanker Guayanilla / Puertorico Dukhan Manzanillo / Mexico (135,000m3) Montoir / France Muscat LNG (145,000m3) Arctic Discoverer (140,000m3) Arctic Voyager (140,000m3) 6 Gas Pipeline & LDC Malhas PL / Brazil Blue Stream / Russia Urucu / Brazil Cabiunas /Brazil Mitsui Gas (MGEB)/ Brazil Gas Fired Power Plant & Cogeneration Falcon, Valladolid / Mexico Saltend / UK Eco Electrica / Puerto Rico Ontario / Canada Ecogen / Brazil Mitsui in Value-chain Broad international experience in equity investment, construction, marketing & trading and structured finance covering all segments in the oil & gas value chain Exploration & Production Blocks in Australia New Zealand Thailand Cambodia Vietnam Indonesia Oman UAE Qatar Russia Libya Mozambique Poland USA (Shale) Canada UK Italy, etc Drillships / Brazil Processing <LNG Liquefaction Terminal> Sakhalin-II / Russia ADGAS / Abu-Dabi Qatargas1&3 / Qatar Oman LNG / Oman NWS / Australia Equatorial Guinea Tangguh / Indonesia <Oil & Gas Processing> FPSOs / Brazil & others Espadarte, Voador, Marimba / Brazil Barracuda / Brazil Copyright © MITSUI & CO., LTD. All Rights Reserved. LNG Receiving Terminal LNG Tanker Guayanilla / Puertorico Dukhan Manzanillo / Mexico (135,000m3) Montoir / France Muscat LNG (145,000m3) Arctic Discoverer (140,000m3) Arctic Voyager (140,000m3) 7 Gas Pipeline & LDC Malhas PL / Brazil Blue Stream / Russia Urucu / Brazil Cabiunas /Brazil Mitsui Gas (MGEB)/ Brazil Gas Fired Power Plant & Cogeneration Falcon, Valladolid / Mexico Saltend / UK Eco Electrica / Puerto Rico Ontario / Canada Ecogen / Brazil Mitsui’s Offshore Project Records PEARL Jasmine FPSO Chevron Escravos LPG FSO TSJOC Song Doc FPSO KNOC Rong Doi FSO CLJOC Su Tu Den FPSO Petrobras 10,000 Drillship 12 FPSO/FSOs and 2 Drillships under charter, 7 FPSO/FSOs sold since 1990, 3 FPSOs under construction. Among them, 6FPSO/FSOs and 2 Drillships under charter to Petrobras (2 FPSOs under construction) JVPC Rang Dong FPSO Chevron Anoa FPSO Petrobras Opportunity FPSO Tullow Jubilee FPSO FPSO projects highlighted in red are under operation in Brazil Sources: MODEC and others Petrobras Lula FPSO Santos Mutineer-Exeter FPSO Copyright © MITSUI & CO., LTD. All Rights Reserved. BHPBP Stybarrow FPSO 8 Petrobras PRA-1 FSO Petrobras Gas Opportunity#2 Petrobras Guara FPSO CNR Baobab FPSO Petrobras Etesco Takatsugu J Petrobras Espadarte Sul FPSO OSX OSX-3 FPSO (Under construction) Petrobras Cernambi Sul FPSO (Under construction) Petrobras Cernambi Norte FPSO (Under construction) Mitsui Gás e Energia do Brasil Mitsui Gás e Energia do Brasil conducts local gas distribution services in 7 states in Brazil. Mitsui Gás e Energia dispatches CFOs to each local gas distribution company. MGEB Description Profile Overview • Mitsui Gas e Energia do Brazil (MGEB) is a holding company with stakes in 7 local gas distribution companies (LDCs) in Brazil • Foundation: October 4, 1990; • Capital: R$ 588 MM (approx. US$ 302 MM); • Shareholder: 100%* Mitsui & Co., Ltd 41,5 % % Shares on LDCs Market 41,5 % 24,5 41,5 41,5 % % % 41,0 % 41,5 % • Mitsui Gas rank the 4th place among Brazilian LDCs, representing 20% of the LDC market in Brazil; • Supply more than 10 M cmd for 70,000 customers. • > 3,000km gas pipeline network Sources: Mitsui Gás e Energia do Brasil Ltda. Copyright © MITSUI & CO., LTD. All Rights Reserved. 9 Petrobras Mitsui 100% State Gov Mitsui Gás Gaspetro 51% 24,5% 100% 24,5% Mitsui Gás e Energia do Brasil Mitsui Gás e Energia hosts a series of seminars and workshops in Brazil concerning technical administrations by introducing Japanese knowledge and technologies to aggregate values. Sources: Mitsui Gás e Energia do Brasil Ltda. Copyright © MITSUI & CO., LTD. All Rights Reserved. 10 Ecogen Brasil Soluções Energéticas Mitsui participates in Ecogen Brasil Soluções Energéticas together with Energy Advance Co., Ltd. (ENAC), a subsidiary of Tokyo Gas Co., Ltd. ENAC and Mitsui implement knowledge and expertise in terms of “environmental friendliness” and “efficiency”. 12 10 7 8 11 4 6 9 5 3 Ecogen Capacity Growth- MWeq 175 Signed 1 2 Operational 150 125 100 75 50 25 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Sources: Ecogen Brasil Soluções Energéticas S.A. Copyright © MITSUI & CO., LTD. All Rights Reserved. 11 Ecogen Brasil Soluções Energéticas for future Shinjuku district heating and cooling system Sources: Energy Advance Co., Ltd. Copyright © MITSUI & CO., LTD. All Rights Reserved. 12 For industrial customers Foresight Mitsui’s “Desafio e Inovação” Linkage among Brazil, Japan and all the world “Safe”, “Environmentally-friendly” and “Efficient” in energy sector for the greater prosperity and the sustainable growth Copyright © MITSUI & CO., LTD. All Rights Reserved. 13 Muito obrigado. Arigatou gozaimasu. Copyright © MITSUI & CO., LTD. All Rights Reserved. 14 Disclaimer • All information contained in this document is confidential and proprietary to Mitsui and is provided on a confidential basis for the purpose of providing certain information to the recipients. Any use, reproduction or distribution of this document, in whole or in part, or any disclosure of any of its contents or the use of any information or ideas herein, without the prior written consent of Mitsui, is expressly prohibited. Each person, by accepting delivery of this document, agrees to the foregoing. • This document does not constitute a commitment to make an offer of any nature whatsoever. • No representation, express or implied, is or will be made, neither is nor will any responsibility or liability be accepted by Mitsui & Co., Ltd. or any of its officers or employees in relation to the accuracy or completeness of this document. Any liability is therefore expressly disclaimed. Copyright © MITSUI & CO., LTD. All Rights Reserved. 15