LIQUEFIED NATURAL GAS
Natural gas, together with energy conservation, efficiency, and renewable energy, can help meet the growing demand for cleaner energy, while helping to reduce emissions of greenhouse gases and air pollutants. The Company has a 50 percent interest in a joint venture, Hess LNG, which is pursuing investments in liquefied natural gas (LNG) terminals and related supply, trading and marketing opportunities.

LNG is used to move natural gas from producers to consumers where pipelines are not economically viable due to distance or technical limitations. LNG is produced when natural gas is cooled and condenses to a liquid. Prior to the liquefaction process, oxygen, carbon dioxide, sulphur compounds, water and other impurities are removed from the gas.

Natural gas can help mitigate climate change, as it produces far fewer global warming gases than either traditional coal or oil technologies. Natural gas produces fewer emissions of acid rain and ozone smog precursors, and produces no mercury, as compared to other traditional fossil fuel technologies. LNG could help to repower coal and oil fired electric power plants to a cleaner fuel while combined cycle natural gas-fired turbines help provide an efficient technology for generating grid-scale electricity.

RENEWABLE ENERGY
Through Nuvera Fuel Cells Inc., Hess is diversifying its energy portfolio by investing in new fuel sources and end use technologies. Nuvera is engaged in developing multi-fuel processors and fuel cell stacks for fuel cell vehicles and stationary applications that will provide an important energy alternative with lower greenhouse emissions.

ENERGY EFFICIENCY
Hess supports the development of energy efficient technologies through the Hess Microgen subsidiary. Hess Microgen cogeneration units generate both electrical and thermal power from the same energy source. The cogeneration units are more efficient than central power stations and subject to lower transmission losses resulting in a greater percentage of fuel conversion into usable energy. In addition to natural gas fueled units, systems have been developed to run on methane derived from livestock facilities such as dairy farms. With regards to air emissions, the units are capable of meeting some of the lowest emission standards in the world (www.hessmicrogen.com).