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Siemens Receives Major Orders for LNG Plant in Indonesia

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Siemens Industry, Inc.
390 Kent Ave.
Elk Grove Village, IL, 60007
USA



Press release date: November 20, 2007

Erlangen, Germany, November 20, 2007

Siemens is emerging as a key supplier for power and compression solutions to the liquefied natural gas (LNG) industry. Chart Energy & Chemicals, Inc. (Chart) has ordered four motor-driven main refrigerant compressors for four liquefaction trains to be installed in an LNG plant in Indonesia. Siemens will supply four 27-megawatt (MW) electric-motor-driven in-line centrifugal compressors along with a Siemens Robicon frequency converter to be used for motor startup. Furthermore, Siemens will supply two 65-MW gas turbines and generators to the plant owner, Energy World Corporation (EWC), one unit to support the grid through its subsidiary company PT Energi Sengkang, and the other unit to deliver power to the LNG plant. The volume of the orders is over EUR50 million.

These orders are significant for Siemens because they are the first application of large Siemens compressors in the main liquefaction trains of an LNG plant. The four 500,000-ton-per-year liquefaction trains will provide LNG to meet the growing demand in South-east Asia, primarily in Indonesia and the Philippines. The first two trains are scheduled to come on stream in the second quarter of 2009.

"With its unique portfolio and competences Siemens is the only company that can offer one-stop solutions from power to compression," said Ralf Kannefass, Vice President Oil & Gas at Siemens AG. "As electric LNG applications become more and more attractive we are expecting a rapidly growing market for this innovative technology. With our standardized products for the mid-size LNG market we can also offer the most cost-efficient solutions to our customers."

"Siemens' leading-edge technology providing one-stop solutions combined with Chart's market standing in gas processing and engineering equipment supply and with Energy World's Asian experience will enable successful implementation of this project in an important and expanding section of the LNG market, which is now recognizing the significance of EWC's mid-scale modular LNG liquefaction program," added Stewart Elliot, Managing Director and CEO of EWC. "This program which is based on standardized 500,000 tons per annum permits the phased implementation of LNG projects up to a capacity of 5 million tons per annum in a timely and capital-efficient manner."

Siemens AG (Berlin and Munich) is a global powerhouse in electrical engineering and electronics. The company has around 400,000 employees (continuing operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens provides innovative technologies and comprehensive know-how to benefit customers in some 190 countries. Founded 160 years ago, the company focuses on the areas of Information and Communications, Automation and Control, Power, Transportation, Medical, and Lighting. In fiscal 2007 (ended September 30), Siemens had revenue from continuing operations of Euros72.4 billion and net income from continuing operations of Euros3.909 billion (IFRS)- preliminary figures, unaudited. Further information is available on the Internet at: www.siemens.com

EWC is an integrated energy company based in Hong Kong and listed on the Australian and New Zealand Stock Exchanges with a market capitalization over USD1 billion. It has primary gas and power operations located in Sengkang, South Sulawesi, Indonesia and Australia and has the capability to produce gas, power and LNG in both Indonesia and Australia. In addition to these operations, EWC is also building an LNG Hub receiving terminal in the Philippines.

Chart is a subsidiary of Chart Industries, Inc., a leading global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases. The majority of Chart Industries' products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end-use applications, the largest portion of which are energy-related. Chart Industries has US operations located in eight states and an international presence in Australia, China, the Czech Republic, Germany and the United Kingdom. The Siemens order from Chart is part of the EWC liquefaction train project previously announced by Chart. For more information, visit: www.chart-ind.com

Press Contact Oliver Loenker P.O. Box 32 20 91050 Erlangen Phone: +49-9131 18-7032 Fax: -7039 oliver.loenker@siemens.com
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