2009 Press Releases-02

Yokogawa Electric Corporation announces that its subsidiaries have received two control system orders from LNG carrier owners based in Australia and Brunei. The Brunei order is our first involving LNG carriers with electrical propulsion systems.

1. Australia order
   - LNG carrier owner's representative: North West Shelf Shipping Service Company Pty. Ltd. (NWSSSC) in Australia
   - Parent Shipping Company: International Gas Transportation Company Limited
   - Recipient: Yokogawa Electric (Malaysia) Sdn. Bhd.
   - Order details: As part of a Longevity Project*1, this order is for the replacement of the integrated control system (IAS) for an LNG carrier's cargo and machinery operations, including boiler control. This includes engineering, manufacturing, installation, and commissioning services for the CENTUM® VP Integrated Production Control System.
   - Delivery: June 2009
   - Future plans: NWSSSC will implement an LNG Longevity Project for its five other Moss Rosenberg type carriers.

2. Brunei order
   - LNG carrier owner: Brunei Gas Carriers Sdn. Bhd.
   - Contractor: Daewoo Shipbuilding & Marine Engineering Co., Ltd.
   - Recipient: Yokogawa Electric Korea Co., Ltd.
   - Order details: Delivery of the monitoring and control systems for LNG carriers with Dual-Fuel Diesel Electric (DFDE) propulsion units. This order includes CENTUM VP engineering, manufacturing, installation, and commissioning services.
   - Delivery: November 2009 (for 1st carrier) and February 2010 (for 2nd)

   The main reasons why Yokogawa received these orders are as follows:
   

   - The proven reliability of our products, which for years have held a top share in various industrial automation markets
   - Our extensive technical expertise cultivated over a long period
   - Our comprehensive maintenance services for LNG liquefaction terminals and LNG receiving and regasification terminals all around the world

Yokogawa boasts a 22% market share with LNG liquefaction plant control systems and a 53% share with LNG receiving terminals*2. The control system orders for these three LNG carriers bring our LNG carrier total to 42.

Encouraged by these consecutive successes, Yokogawa is making every effort to achieve the top position in the global LNG-related industrial automation business by 2015. This business spans from LNG liquefaction plants to LNG carriers, LNG receiving terminals, and the currently spotlighted LNG floating production storage and offloading vessels (LNG-FPSO*3). Australia is particularly active in the LNG field, with many projects underway, and Yokogawa will be paying very close attention to this market to ensure its continued success.

*1 A Longevity Project renovates hulls and onboard facilities to keep aging vessels in top condition and ensure that they can operate safely. This renovation is particularly necessary with high value-added ships such as LNG carriers because they are often operated longer than the standard 30 to 40 year vessel lifetime.

*2 Based on a Yokogawa market survey

*3 Also called FLNG. This is a floating facility for the processing, storage, and offloading of natural gas from subsea fields. Most of the FPSOs that are currently in operation are for subsea oil fields. In 2003, Yokogawa delivered the first-ever LPG-FPSO control system.