EXMAR report 2025

1.3 Our roots and our businesses 23 1.3.4.4 TRANSPORTED VOLUMES The expertise of EXMAR is transporting gas products to its customers across the globe in a safe and reliable way. The transported volume in 2025 was approximately 5.9 million metric tons (MT), of which around 66% was LPG, 32% ammonia, and the remainder being petrochemical gases. Half of the EXMAR MGC fleet is dedicated to ammonia transportation. EXMAR has established itself as a reliable market player involved in change-of-grade activities between LPG and ammonia, as well as seaborne ship-to-ship (STS) transfers. The trading flexibility that these activities offer to EXMAR’s customers is often found in the midsize gas segment, which accounts for most of EXMAR’s fleet. In addition to vessel size limitations, port or operational restrictions often require owners to transfer cargoes to and from smaller vessels at sea. To transfer gas products from ship-to-ship safely, EXMAR oversees experienced crews, diligent coordination, and the use of appropriate equipment. 1.3.5 EXMAR Infrastructure EXMAR Infrastructure provides innovative floating infrastructure solutions to the energy industry. This covers the entire lifecycle of the project, starting from development studies, engineering, and construction supervision, to moving into leasing/ownership, and operations & maintenance after delivery. The assets of EXMAR Infrastructure are floating solutions for nearshore and offshore production, processing, storage, or other ancillary services in the LNG and oil & gas industry. 1.3.5.1 A ROBUST FLEET OF FLOATING INFRASTRUCTURE UNITS EXMAR Infrastructure currently owns and operates three floating units: Floating LNG solutions  FSRU EEMSHAVEN LNG: a floating LNG terminal that regasifies imported LNG (capacity of 600 mm scf per day) and injects natural gas into onshore pipeline infrastructure for domestic consumption, power generation, and industrial applications. This unit provides a fast-track, flexible, and cost-efficient alternative to land-based LNG import terminals, ensuring security of supply wherever needed.  FSU EXCALIBUR: a 138,000 m³ LNG carrier converted into a floating storage unit, designed for LNG storage and offloading to visiting LNG trading carriers. Floating accommodation barge  NUNCE: a multi-purpose accommodation and work barge with the capacity to house up to 350 people. Equipped with various cabin sizes, catering, and leisure facilities, it provides essential onsite support for oil and gas exploration and production activities. 1.3.5.2 PIONEERING FLOATING LNG SOLUTIONS EXMAR’s industry-leading expertise in floating liquefaction is exemplified by the implementation of TANGO FLNG for ENI. Our TANGO FLNG unit was among the first operational floating liquefaction units globally. Today, EXMAR continues to demonstrate its technical competence through the operations and maintenance of ENI’s LNG export project in Congo. This includes the deployment of both TANGO FLNG and FSU EXCALIBUR. Our expertise further extends to new developments in the floating LNG sector, reinforcing our leadership in this field. 1.3.5.3 ENGINEERING EXPERTISE EXMAR’s infrastructure activities are further strengthened by two specialized subsidiaries with strong marine and production engineering capabilities:  EXMAR Offshore Company (EOC) is a recognized oil & gas engineering company established in 1997 with more than 200 experts ranging from engineers to naval architects. EOC has developed a proprietary hull design OPTI ® for floating oil and gas production platforms in deep water areas such as the US Gulf. With four OPTI ® production facilities delivered based on the OPTI ® design, EOC has become a recognized and reputable supplier of cost effective and purpose-built project solutions in this area.  DV Offshore (DVO) is a niche marine expert contractor and is part of the EXMAR group since 1999. It provides contracted engineering, audits and technical assistance to oil & gas companies with respect to floating terminals, offshore mooring installations and subsea piping. 1.3.5.4 COMPREHENSIVE PROJECT DEVELOPMENT & EXECUTION Implementing floating oil & gas infrastructure requires dedicated and extensive project development effort and time. Each project has specific infrastructure needs for processing the product, mooring, storage, as well as regulatory approvals. The in-house availability of expertise in oil & gas handling and storage, engineering of mooring and other marine infrastructure, combined with operations and maintenance capabilities, are the unique added value EXMAR provides its clients in this respect.