LNG – Production, Safety, Benefits

New Fortress Energy Overview

New Fortress Energy (“NFE”) is a fully integrated LNG, logistics, and infrastructure business that delivers energy solutions to customers in the transportation, power generation, and industrial sectors.

New Fortress Energy’s Assets Gas Supply Miami Liquefaction Plant

Logistics Services

 To date, our portfolio features:

Offtake

 An operating liquefaction facility in Miami, FL

ISO Containers

Power Plants Small Ship

Rocket Ships

Marine

Trucks

Industrial

Big Ship

 ISO containers, big / small LNG ships, and pipelines to facilitate the delivery of natural gas  Multiple import / export terminals under construction in Jamaica

 New Fortress Energy is an affiliate of Fortress Investment Group LLC

Terminal

Rail

(NYSE:FIG) 2

What is Liquefied Natural Gas?

Liquefied Natural Gas (LNG) is simply natural gas cooled to its liquid form at -260°F and stored at atmospheric pressure. By cooling natural gas to liquid form, it can be safely and easily transported to end users that don’t have access to a natural gas pipeline.

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Facility Operations What happens at the facility

What does NOT happen at the facility

 Gas is sourced from interstate pipeline

 No storage or production of toxic materials

 Gas is purified

 No storage or production of explosive materials

 CO2, water and small amounts of heavy hydrocarbons are removed from the gas  Heavy hydrocarbons are collected as a secondary product

 No drilling or gas exploration

 Gas is liquefied to -260°F  LNG is stored and loaded in approved shipping containers for movement by truck, ship or rail

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LNG Production Proven technology used for years in international markets LNG Plant Natural gas pipeline

Removal of impurities

Liquefaction

LNG

Rail and Truck Application LNG tank cars

LNG as cargo

LNG as fuel

End Markets Marine

Power Other HHP Industries 5

LNG Safety LNG has safety advantages over other hydrocarbon fuels

If LNG is released into the atmosphere or spills, the liquid quickly vaporizes, leaving behind no residues. LNG is not flammable in its liquid state. Auto Ignition Points:

LNG is not pressurized and is only flammable in its vapor state in a narrow mixture range of 5-15% with air.

Non-toxic

Colorless

Odorless

Natural Gas: 1004°F Diesel: 480°F

Not corrosive

Not pressurized

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LNG Transportation Safety

LNG is transported in doublehulled ISO containers:  Ability to monitor volume, pressure and location  More robust than tanks for other fuels and chemicals  Undergo rigorous safety inspections  Approved by U.S. Department of Transportation for movement on ship and roads

Over the last 30 years, billions of gallons have been transported within the U.S., and there have been no LNG related injuries.

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Benefits of Natural Gas  Numerous environmental benefits vs. distillate fuels  Significant decrease in CO2, NOx, and SOx emissions Converting to Natural Gas Will Help Clean Up the Environment 100MW conversion equals displacing approximately 40k passenger vehicles per year

CO2

NOx 220

170

150 120 120 90 60 30

–

Oil

Gas

Coal

3,000 2,600

600

500

490

480

400 300 200

100 100 –

(lbs per bn btu of energy consumed)

180

700 (lbs per bn btu of energy consumed)

(lbs per bn btu of energy consumed)

210

SOx

2,500

2,000

1,500 1,200 1,000

500 10

Oil

Gas

Coal

–

Oil

Gas

Coal

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Why Natural Gas?  Less expensive than diesel for comparable energy output  $11 natural gas is equivalent to $55 diesel(1)

 Relatively stable delivered price vs. oil based fuels  Since 2008 natural gas prices have been considerably less volatile vs. oil(2)

 Cleaner burning and more environmentally friendly  Natural gas produces the lowest amount of CO2 emissions of the fossil fuels(3)

Natural Gas vs. Oil Prices(2) ($/barrel oil equivalent)

2.6x

5 - 15x

$140 $120 $100 $80 $60 $40 $20 $0

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998

1997

1996

1995

1994

1993

1992

1991

1990

Henry Hub (natural gas)

WTI (oil)

1) Based on management’s internal estimates of turbine technology, fuel efficiencies, capex, and opex. 2) Bloomberg, Henry Hub vs. WTI. 3) U.S. Energy Information Administration, June 2015. Analysis compares the amount of CO 2 emitted per unit of energy output or heat content to analyze emissions across fuels.

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