Energie Saguenay Project Update and Preliminary Consultation Results. June 3, 2015

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Energie Saguenay Project Update and Preliminary Consultation Results June 3, 2015

Meeting Agenda Time (pm) 7:00 Activity Energie Saguenay Project update and results of the preliminary consultation process 7:30 Questions and discussions with participants 8:00 Break 8:15 Presentation of the consultation approach and Advisory Committee s proposal for the natural gas liquefaction complex 8:30 Questions and discussions with participants 8:45 Advisory Committee registrations 9:00 Meeting Closure 2

Meeting Objectives 1. Provide an update of the Energie Saguenay Project 2. Share the results of the preliminary consultation 3. Gather participant concerns and answer questions 4. Present the validated consultation approach proposal, including the formation of the Advisory Committee on the Natural Gas Liquefaction Complex 3

Ethics 1. Being respectful in all aspects 2. Giving voice to all participants 3. Avoiding cross-fires 4. Trusting the process in place 4

ÉNERGIE SAGUENAY PROJECT UPDATE AND PRRLIMINARY CONSULTATION RESULTS JUNE 3, 2015

Project Summary Liquefaction, storage, and transshipment-export complex Port Saguenay site Project worth $7.5 billion (CAD) Yearly operational budget of $2.7 billion Yearly LNG production of 11 million metric tons Construction 2018 / Commissioning 2021 6

Project Features LNG liquefaction and storage facility: Hydropower-driven process 2 or 3 liquefaction trains 2 or 3 LNG tanks (maximum storage capacity of 400,000 m 3 ) Loading dock (single vessel) 3 or 4 vessels per week New 650 km pipeline developed and managed by an expert partner New 40 km hydropower line 3

A World-Class Project Competitive investment and operations spending: Natural gas surplus in Western Canada Location allowing access to world markets Low GHG emissions Northern climate improves process effectiveness by 10-15% Lower capital costs than other similar projects due to existing port infrastructures (Port Saguenay and region) Qualified workforce 8

Economic Benefits for Saguenay and Quebec Large-scale project in Quebec: Job creation: 4,000 during construction 800 for operations, including 300 full-time jobs on site Business opportunities for regional organizations Reinforcement of existing gas supply infrastructures in Quebec Gas supply source for regions Alternative energy source for enterprises Development of a new LNG sector 9

Community-Inclusive Project Development + Social and environmental assessment Construction Phase Operations Site rehabilitation Commissioning Stakeholder and First Nation participation process Processus de participation avec les parties prenantes et les Premières Nations 10

Major Milestones Steps taken since June 2014 Preliminary studies and partnerships Regulatory and environmental processes Community relations 11

Preliminary Studies and Partnerships Confirmation of the Project s technical and commercial viability Capital expenditure (CAPEX) validation Preliminary technical studies Hydropower supply New gas pipeline 12

Preliminary Studies and Partnerships Preliminary discussions with potential natural gas suppliers Preliminary contacts with European and Asian markets Preliminary discussions with major investors $12 million plus invested to date 13

Regulatory and Environmental Processes LNG export permit application with the National Energy Board Preparation of the Project Notice (description) for provincial and federal authorities Base line studies of the site in preparation of the impact study 14

Building Community Relations Preliminary consultation with regional communities and First Nations Project Office / Headquarter established in Saguenay Interactive Website and social media platforms 15

A PROJECT TO DEVELOP WITH THE COMMUNITY PRELIMINARY CONSULTATION RESULTS

Results of the Preliminary Consultation Consultation objectives and stages Activities conducted Results: Issues and concerns associated with the Project are gathered Consultation process validated by communities Next steps 17

Consultation Process Objectives and Stages Develop the Project with the community with public involvement from the start Phase I Start dialogue Phase II Preliminary consultation framework Phase III Implement preliminary consultation Phase IV Validate, plan, and monitor Objective: Describe the Project and discuss it with communities Objective: Determine the terms of the preliminary consultation program and hear public concerns Objectives: Collect ideas, visions, needs and concerns from communities Validate the impacts and mitigating/optimizing actions Objectives: Validate the integration of concerns Plan the collaborative action programs June 2014 November 2014 to May 2015 Fall 2015 to end 2016 2017 18

Completed Actions (Phase II) Preliminary consultation framework, Sept. 2014 to May 2015 Press conference 10 information meetings (Phase I) Start the dialogue June 2014 Over 25 meetings Over 150 persons and stakeholders met Present project and consultation process Validate minutes Discuss with First Nations Identify issues and concerns Frequency Sensitivity Analysis of comments 19

First Nations Committee formed involving representatives from the Mashteuiatsh, Essipit, and Pessamit Innu communities Five discussion meetings held Collaboration Agreement signed between GNL Quebec and the three communities (26 May 2015) 20

We hear all issues and concerns associated with the Project 21

Issues Identified from Preliminary Consultation Issues Economic benefits Marine transportation Visual integration Environmental impact Health & Safety Construction Key Concerns Involvement of local businesses, prioritization of regional labor force, project investors Increase in marine traffic, share with other users, Marine Park, aquatic fauna Integration with landscape, share with tourism activities, noise, odors, light GHG emissions, agricultural land, land ecosystems, shale gas, and site rehabilitation Public and workers health risks (inhalation, fires, spills) Nuisances from construction 22

Discussion Period 23

Consultation process validated by communities 24

Proposed Consultation Process Advisory Committee on issues associated with the natural gas liquefaction complex Advisory Committee on issues associated with marine transportation Work groups on Project s major issues Launch of a community liaison office Open-door days on Project notice and impact study 25 Propriété de GNL Québec. Tous droits réservés

Consultation Process - Suggestions and Comments Community Relations Respect the community and follow up on concerns Involve organizations and stakeholders early in Project development Assess impacts based on life-cycle approach and sustainable development analysis Involve concerned and interested people 26

Consultation Process - Suggestions and Comments Advisory Committees Integrate intergenerational aspects into the consultation approach Actively involve communities to foster the development of regional LNG expertise Collaborate with community stakeholders Marine Transportation Committee to consider that the zone of influence extends to Escoumins 27

VALIDATED CONSULTATION PROCESS

Consultation Process Framework Advisory Commitee on the Natural Gas Liquefaction Complex Objective: Discuss issues and concerns associated with the liquefaction complex at Port Saguenay Work Groups on Project s Major Issues Objective: Discuss major issues in details with stakeholders Gather information and point of view of experts Composition according to the subject: Experts ans scientists, etc. Stakeholders Proposed composition: Facilitator GNL Québec Representative: Municipalities Citizens First Nations Tourism associations Environmental groups Socioeconomic groups Advisory Commitee on MarineTransportation Objective: Discuss issues and concerns associated with Marine transportation Proposed composition: Facilitator GNL Québec Representative: Municipalities Citizens First Nations Tourism associations Environmental groups Socioeconomic groups Propriété de GNL Québec. Tous Marine droits security réservés. groups 29 Propriété de GNL Québec. Tous droits réservés

Advisory Committee on the Natural Gas Liquefaction Complex The Committee s specific objectives are: 1. Establish clear and transparent communications between GNL Quebec and stakeholders 2. Discuss Project progress and the results of studies 3. Encourage stakeholders to express their concerns regarding the Project 4. Take concerns into consideration in Project development 5. Make sure mitigating actions and commitments are followed up 30

Proposed composition - Advisory Committee on the Natural Gas Liquefaction Complex SUGGESTED CATEGORIES NUMBER Citizens 4 Environmental groups 2 Municipalities and municipal organizations 2 Tourism and sector users 2 Training and educational institutions 1 Socioeconomic organizations 2 Youth representative 1 Fire safety 1 First Nation representative 1 Total 16 31

Workgroups The makeup of a workgroup includes resource persons and/or experts who can analyze the specific issues identified by the Committee and elaborate recommendations. Examples of workgroups Local employment Marine biology Sustainable development LNG Complex safety Landscape integration/visual impact 32

Next Consultation Stages Committee startup meeting and elaboration of the work plan Inauguration of the Saguenay office Preliminary meetings and formation of the Marine Transportation Committee 33

Discussion Period 34