AKG-2

2006 FORECAST / 2007 BUDGET & 2008 - 2011 OUTLOOK

MONTHLY EXPENDITURE PROFILE

(US$ Thousands)
Actual 2008 Forecast 2008
Actual/
2001 2002 2003 2004 2005 2006 2007
Forecast
Actual Actual Actual Actual Actual Actual Actual Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2008

Offshore
2,489 29,653 166,291 7,340 6,470 4,928 7,887 4,400 4,926 5,193 5,919 7,213 27,075 9,272 10,191 100,814

Total 0 0 0 0 2,489 30 166 7,340 6,470 4,928 7,887 4,400 4,926 5,193 5,919 7,213 27,075 9,272 10,191 100,814

Adjustments to align with SAP

Offshore
0 0

Total

Offshore
0 0 0 0 2,489 29,653 166,291 7,340 6,470 4,928 7,887 4,400 4,926 5,193 5,919 7,213 27,075 9,272 10,191 100,814

Total 0 0 0 0 2,489 29,653 166,291 7,340 6,470 4,928 7,887 4,400 4,926 5,193 5,919 7,213 27,075 9,272 10,191 100,814

* Excludes $74M SCSA

** Includes $74M SCSA

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 AKG-2
2006 FORECAST / 2007 BUDGET & 2008 - 2011 OUTLOOK
MONTHLY EXPENDITURE PROFILE

(US$ Thousands)
2009 Forecast
Funding
Total 2010 2011
2007 WP&B* 2006 WP&B Funding** Variance
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2009 Outlook Outlook
Under / (Over)

Offshore 9,064 9,982 10,232 10,002 9,538 3,230 2,545 2,250 2,080 2,010 1,770 1,250 63,953 70,447 0 433,647 324,400 461,000 27,353

Total 9,064 9,982 10,232 10,002 9,538 3,230 2,545 2,250 2,080 2,010 1,770 1,250 63,953 70,447 0 433,647 324,400 461,000 27,353

Adjustments to align with SAP

Offshore 9,064 9,982 10,232 10,002 9,538 3,230 2,545 2,250 2,080 2,010 1,770 1,250 63,953 70,447 0 237,703 324,400 461,000 223,297

Total 9,064 9,982 10,232 10,002 9,538 3,230 2,545 2,250 2,080 2,010 1,770 1,250 63,953 70,447 0 237,703 1,034,018 461,000 223,297

452196303.xls 12/16/2019
Ras Laffan LNG Co. Ltd (3)
WP&B Budget Summary

Expansion Project - AKG-2

AKG-2 Expenditure Profile

2005 Jan-06 Feb-06 Mar-06 Apr-06 May-06 Jun-06 Jul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 2006

Pre-FEED/FEED 11.0 0 0 0 0 0 0 0 0 0 0 0 0 0
Pre-EPC 0.4 1 1 1 1 3 0 0 0 0 0 0 0 8
PMT 0.0 0 0 0 0 0 2 2 3 3 3 3 3 20
Owners Cost 0.0 0 0 0 0 0 3 -2 2 3 2 2 3 13
EPC (Inc. Options) 0.0 0 0 0 0 21 19 40 19 52 57 105 95 408
Pre-Investment 0.0 0 0 0 0 0 3 11 1 1 1 1 1 20
Contingency 0.0 0 0 0 0 0 0 0 5 5 5 5 5 26
0 0 0 0 0 0 0 0 0 0 0 0

Total 11 1 1 1 1 24 27 51 30 65 69 117 107 495

AKG-2 Forex Loss/(Gain)* (0.8) (0.8) (0.8) (0.8) (0.8) (0.8) (0.8) (0.8) (6.3)
Total 1 1 1 1 23 26 50 30 64 68 116 106 489

*Foreign Exchange Impact using RG Treasury Rates versus Project Exchange Rates (PER)

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Ras Laffan LNG Co. Ltd (3)
WP&B Budget Summary

Expansion Project - AKG-2

AKG-2 Expenditure Profile

Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 2007 2008 2009 2010 2011 Total

Pre-FEED/FEED 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11
Pre-EPC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9
PMT 3 3 3 3 3 3 3 4 4 4 4 4 42 42 21 0 0 125
Owners Cost 2 2 2 3 3 3 3 3 3 3 3 3 33 33 16 0 0 96
EPC (Inc. Options) 58 86 44 56 95 48 59 71 40 51 61 77 747 373 79 0 0 1,607
Pre-Investment 1 1 1 1 1 1 1 2 2 2 1 2 17 17 8 0 0 62
Contingency 5 5 5 5 5 5 5 5 5 5 5 5 62 77 46 0 0 210
0 0 0 0 0 0 0 0 0 0 0 0 0 0 37 37 0 0 74

Total 70 98 56 68 108 61 72 85 55 65 74 90 901 579 207 0 0 2,194

AKG-2 Forex Loss/(Gain)* (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (0.5) (5.5) (0.8) (0.1) - - (12.7)
Total 70 98 55 68 107 60 71 84 54 65 74 90 896 578 207 0 0 2,181

*Foreign Exchange Impact using RG Treasury Rates versus Project Exchange Rates (PER)

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 RASGAS LNG EXPANSION PROJECT
OFFSHORE FACILITIES PROJECT - AKG2 (WH10&11) BUDGET
(All Values in US Dollars)

SAP 2005 2006 2007 2008 2009 2010 2011 Total

Actual and
Actual Actual Actual Outlook Outlook Outlook Budget
Forecast
Codes Item

RGE24520 EPC/EPC RELATED - PLATFORM

590000 Lump Sum - Deck - 6,173,000 88,276,000 55,352,000 35,393,000 20,577,000 - 205,771,000
590100 Change Orders - 25,000 2,916,000 2,456,000 1,275,000 741,000 - 7,413,000
Hydrates Mitigation - - 837,000 7,388,000 1,945,000 1,130,000 - 11,300,000
590200 "J" Tube Change Order - 119,000 356,000 60,000 60,000 - - 595,000
590000 Subtotal - 6,317,000 92,385,000 65,256,000 38,673,000 22,448,000 - 225,079,000
562700 Insurance - 246,000 2,872,000 1,152,000 - 1,400,000 - 5,670,000
590400 Spare Parts/Chemicals - - - - - -
Total I/O RGE24520 - 6,563,000 95,257,000 66,408,000 38,673,000 23,848,000 - 230,749,000

RGE24521 Well Kill Valves

590000 Well Kill Valves - - - 712,000 - - - 712,000
Total Platform - 6,563,000 95,257,000 67,120,000 38,673,000 23,848,000 - 231,461,000

EPC/EPC RELATED - PIPELINE

590000 Lump Sum - 3,290,000 56,014,000 22,935,000 - 9,139,000 - 91,378,000
590100 Change Orders - - - -90,000 - -10,000 - -100,000
590200 Options - - - - - - - -
590000 Subtotal - 3,290,000 56,014,000 22,845,000 - 9,129,000 - 91,278,000
562700 Insurance - 106,000 1,230,000 494,000 - 600,000 - 2,430,000
590400 Spare Parts/Chemicals - - - - - - - -
Total Pipeline - 3,396,000 57,244,000 23,339,000 - 9,729,000 - 93,708,000

Total Platform & Pipeline - 9,959,000 152,501,000 90,459,000 38,673,000 33,577,000 - 325,169,000

RGE24420 PROJECT MANAGEMENT - 861,000 2,754,000 7,230,000 10,755,000 740,000 - 22,340,000

OTHER COSTS
Pre-EPC Costs 2,489,000 454,000 - - - - - 2,943,000
WH10 Jacket (Early Steel) - 5,000,000 - - - - - 5,000,000
WH10 Jacket (EPC & Installation) - 9,066,000 - - - - - 9,066,000
WH11 Jacket - 4,313,000 11,036,000 - - - - 15,349,000
Pre-investment (Spare slots x3) - - - - - - - -
Commissioning & Startup - - - 125,000 2,525,000 - - 2,650,000
Well Hookup (SIMOPS) WH4-9th Well - - - - - - - -
Well Hookup (SIMOPS) WH11-5th,6th & 7th Wells - - - - - 6,200,000 - 6,200,000
Total Other Costs 2,489,000 18,833,000 11,036,000 125,000 2,525,000 6,200,000 - 41,208,000

Subtotal 2,489,000 29,653,000 166,291,000 97,814,000 51,953,000 40,517,000 - 388,717,000

CONTINGENCY - - - 3,000,000 12,000,000 14,930,000 - 29,930,000

TOTAL 2,489,000 29,653,000 166,291,000 100,814,000 63,953,000 55,447,000 - 418,647,000

SCSA - - - - - 15,000,000 - 15,000,000

AKG2 Total Including SCSA 2,489,000 29,653,000 166,291,000 100,814,000 63,953,000 70,447,000 - 433,647,000

Cumulative Total Including SCSA 2,489,000 32,142,000 198,433,000 299,247,000 363,200,000 433,647,000 433,647,000

Notes: 1) Expenditures for June 2007 onwards are based on payments

2) WH4 9th Well Hook-up (SIMOPS) reported in AKG1
3) Expenditure equals SAP for December 2007 and January, February and March 2008
4) For PMT (and SCSA) assumes Barzan starts in 2009

452196303.xls, AKG-2 Offshore w SCSA 12/16/2019

 RASGAS LNG EXPANSION PROJECT
OFFSHORE FACILITIES PROJECT - AKG2 (WH10&11) BUDGET

EPC PHASE "Year 2008" (Payment Basis)

(All Values in US Dollars)
Pre-2008 Budget - Accrual Basis
SAP Cumulative Actual 2008 Forecast 2008 Actual and
Forecast
Codes Item Actual January February March April May June July August September October November December 2008

RGE24520 EPC/EPC RELATED - PLATFORM

590000 Lump Sum - Deck 94,449,000 5,556,000 5,556,000 4,115,000 3,292,000 2,675,000 3,910,000 3,910,000 4,115,000 4,527,000 5,350,000 6,379,000 5,967,000 55,352,000
590100 Change Orders 2,941,000 173,000 391,000 137,000 112,000 142,000 248,000 184,000 268,000 163,000 193,000 230,000 215,000 2,456,000
Hydrates Mitigation 837,000 49,000 50,000 193,000 4,052,000 234,000 173,000 183,000 613,000 227,000 936,000 350,000 328,000 7,388,000
590200 "J" Tube Change Order 475,000 10,000 10,000 12,000 6,000 10,000 12,000 - - - - - - 60,000
590000 Subtotal 98,702,000 5,788,000 6,007,000 4,457,000 7,462,000 3,061,000 4,343,000 4,277,000 4,996,000 4,917,000 6,479,000 6,959,000 6,510,000 65,256,000
562700 Insurance 3,118,000 - - - 28,000 - - - - - - - 1,124,000 1,152,000
590400 Spare Parts/Chemicals - - - - - - - - - - - - - -
Total I/O RGE24520 101,820,000 5,788,000 6,007,000 4,457,000 7,490,000 3,061,000 4,343,000 4,277,000 4,996,000 4,917,000 6,479,000 6,959,000 7,634,000 66,408,000

RGE24521 Well Kill Valves

590000 Well Kill Valves - - - - - 712,000 - - - - - - - 712,000
- - - - - 712,000 - - - - - - - 712,000

RGE24525 EPC/EPC RELATED - PIPELINE

590000 Lump Sum 59,304,000 1,188,000 92,000 182,000 92,000 274,000 183,000 366,000 91,000 1,097,000 19,007,000 363,000 - 22,935,000
590100 Change Orders - - - - - - - - -68,000 -1,000 -21,000 - - -90,000
590200 Options - - - - - - - - - - - - - -
590000 Subtotal 59,304,000 1,188,000 92,000 182,000 92,000 274,000 183,000 366,000 23,000 1,096,000 18,986,000 363,000 - 22,845,000
562700 Insurance 1,336,000 - - - 12,000 - - - - - - - 482,000 494,000
590400 Spare Parts/Chemicals - - - - - - - - - - - - - -
Total Pipeline 60,640,000 1,188,000 92,000 182,000 104,000 274,000 183,000 366,000 23,000 1,096,000 18,986,000 363,000 482,000 23,339,000

90,459,000
Total Platform & Pipeline 162,460,000 6,976,000 6,099,000 4,639,000 7,594,000 4,047,000 4,526,000 4,643,000 5,019,000 6,013,000 25,465,000 7,322,000 8,116,000

RGE24420 PROJECT MANAGEMENT 3,615,000 364,000 371,000 289,000 293,000 353,000 400,000 550,000 650,000 700,000 860,000 1,150,000 1,250,000 7,230,000

OTHER COSTS
Pre-EPC Costs 2,943,000 - - - - - - - - - - - - -
WH10 Jacket (Early Steel) 5,000,000 - - - - - - - - - - - - -
WH10 Jacket (EPC & Installation) 9,066,000 - - - - - - - - - - - - -
WH11 Jacket 15,349,000 - - - - - - - - - - - - -
Pre-investment (Spare slots x3) - - - - - - - - - - - - - -
Commissioning & Startup - - - - - - - - - - - 50,000 75,000 125,000
Well Hookup (SIMOPS) WH4-9th Well - - - - - - - - - - - - - -
Well Hookup (SIMOPS) WH11-5th,6th & 7th Wells - - - - - - - - - - - - - -
Total Other Costs 32,358,000 - - - - - - - - - - 50,000 75,000 125,000

Subtotal 198,433,000 7,340,000 6,470,000 4,928,000 7,887,000 4,400,000 4,926,000 5,193,000 5,669,000 6,713,000 26,325,000 8,522,000 9,441,000 97,814,000

CONTINGENCY - - - - - - 250,000 500,000 750,000 750,000 750,000 3,000,000

- -
TOTAL 2007 198,433,000 7,340,000 6,470,000 4,928,000 7,887,000 4,400,000 4,926,000 5,193,000 5,919,000 7,213,000 27,075,000 9,272,000 10,191,000 100,814,000

SCSA - - - - - - - - - - - - -

GRAND TOTAL 198,433,000 7,340,000 6,470,000 4,928,000 7,887,000 4,400,000 4,926,000 5,193,000 5,919,000 7,213,000 27,075,000 9,272,000 10,191,000 100,814,000

GRAND TOTAL CUMULATIVE 198,433,000 205,773,000 212,243,000 217,171,000 225,058,000 229,458,000 234,384,000 239,577,000 245,496,000 252,709,000 279,784,000 289,056,000 299,247,000

Notes: 1) Expenditures for June 2007 onwards are based on payments

2) WH4 9th Well Hook-up (SIMOPS) reported in AKG1
3) Expenditure equals SAP for December 2007 and January, February and March 2008
452196303.xls, AKG-2 Offsh_2008 12/16/2019
 4) For PMT (and SCSA) assumes Barzan starts in 2009

452196303.xls, AKG-2 Offsh_2008 12/16/2019

 RASGAS LNG EXPANSION PROJECT
OFFSHORE FACILITIES PROJECT - AKG2 (WH10&11) BUDGET

EPC PHASE "Year 2009" (Payment Basis)

(All Values in US Dollars)
Budget - Accrual Basis
SAP 2009 Outlook Outlook Outlook Total

Codes Item January February March April May June July August September October November December 2009 2010 2011 Budget

RGE24520 EPC/EPC RELATED - PLATFORM

590000 Lump Sum - Deck 6,379,000 7,202,000 7,408,000 7,202,000 6,790,000 412,000 - - - - - - 35,393,000 20,577,000 - 205,771,000
590100 Change Orders 230,000 259,000 267,000 259,000 245,000 15,000 - - - - - - 1,275,000 741,000 - 7,413,000
Hydrates Mitigation 350,000 396,000 407,000 396,000 373,000 23,000 - - - - - - 1,945,000 1,130,000 - 11,300,000
590200 "J" Tube Change Order 30,000 - - - - 30,000 60,000 - - 595,000
590000 Subtotal 6,989,000 7,857,000 8,082,000 7,857,000 7,408,000 480,000 - - - - - - 38,673,000 22,448,000 - 225,079,000
562700 Insurance - - - - - - - - - - - - - 1,400,000 5,670,000
590400 Spare Parts/Chemicals - - - -
Total I/O RGE24520 6,989,000 7,857,000 8,082,000 7,857,000 7,408,000 480,000 - - - - - - 38,673,000 23,848,000 - 230,749,000

RGE24521 Well Kill Valves

590000 Well Kill Valves - - - - - - - - - - - - - - - 712,000
6,989,000 7,857,000 8,082,000 7,857,000 7,408,000 480,000 - - - - - - 38,673,000 23,848,000 - 231,461,000

RGE24525 EPC/EPC RELATED - PIPELINE

590000 Lump Sum - - - - - - - - - - - - - 9,139,000 91,378,000
590100 Change Orders - - - - - - - - - - - - - -10,000 - -100,000
590200 Options - - - - -
590000 Subtotal - - - - - - - - - - - - - 9,129,000 - 91,278,000
562700 Insurance - - - - - - - - - - - - - 600,000 - 2,430,000
590400 Spare Parts/Chemicals - - - -
Total Pipeline - - - - - - - - - - - - - 9,729,000 - 93,708,000

Total Platform & Pipeline 6,989,000 7,857,000 8,082,000 7,857,000 7,408,000 480,000 - - - - - - 38,673,000 33,577,000 - 325,169,000

RGE24420 PROJECT MANAGEMENT 1,225,000 1,250,000 1,250,000 1,220,000 1,180,000 1,100,000 920,000 850,000 730,000 510,000 270,000 250,000 10,755,000 740,000 - 22,340,000

OTHER COSTS
Pre-EPC Costs - -
WH10 Jacket (Early Steel) - -
WH10 Jacket (EPC & Installation) - -
WH11 Jacket - -
Pre-investment (Spare slots x3) - -
Commissioning & Startup 100,000 125,000
Well Hookup (SIMOPS) WH4-9th Well - -
Well Hookup (SIMOPS) WH11-5th,6th & 7th Wells - -
Total Other Costs 100,000 125,000
- - - - - - - - - - - - - 2,943,000
- - - - - - - - - - - - - 5,000,000
- - - - - - - - - - - - - 9,066,000
- - - - - - - - - - - - - 15,349,000
- - - - - - - - - - - - - -
150,000 175,000 200,000 900,000 625,000 150,000 100,000 - - - 2,525,000 - - 2,650,000
- - - - - - - - - - - - - -
- - - - - - - - - - - 6,200,000 - 6,200,000
150,000 175,000 200,000 900,000 625,000 150,000 100,000 - - - 2,525,000 6,200,000 - 41,208,000

Subtotal 8,314,000 9,232,000 9,482,000 9,252,000 8,788,000 2,480,000 1,545,000 1,000,000 830,000 510,000 270,000 250,000 51,953,000 40,517,000 - 388,717,000

CONTINGENCY 750,000 750,000 750,000 750,000 750,000 750,000 1,000,000 1,250,000 1,250,000 1,500,000 1,500,000 1,000,000 12,000,000 14,930,000 -
29,930,000
TOTAL 2008 9,064,000 9,982,000 10,232,000 10,002,000 9,538,000 3,230,000 2,545,000 2,250,000 2,080,000 2,010,000 1,770,000 1,250,000 63,953,000 55,447,000 - 418,647,000

SCSA - - - - - - - - - - - - - 15,000,000 - 15,000,000

GRAND TOTAL 9,064,000 9,982,000 10,232,000 10,002,000 9,538,000 3,230,000 2,545,000 2,250,000 2,080,000 2,010,000 1,770,000 1,250,000 70,447,000 - 433,647,000
Grand Total Cumulative 308,311,000 318,293,000 328,525,000 338,527,000 348,065,000 351,295,000 353,840,000 356,090,000 358,170,000 360,180,000 361,950,000 363,200,000 363,200,000 433,647,000

Notes: 1) Expenditures for June 2007 onwards are based on payments

2) WH4 9th Well Hook-up (SIMOPS) reported in AKG1
3) Expenditure equals SAP for December 2007 and January, February, March and April 2008
4) For PMT (and SCSA) assumes Barzan starts in 2009