EMAIL DETAILS

Not really because there's no way for the gas to get there.

Devon Archer
646 436 3745

> On Dec 9, 2014, at 4:55 PM, Hunter Biden <hbiden@rosemontseneca.com> wrote:
>
> Could Burisma sell direct to these guys under current domestic conditions?
>
> RHB
> 202.333.1880
>
> Begin forwarded message:
>
>> From: James Bulger <jbulger@thorntonai.com>
>> Date: December 9, 2014 at 10:15:46 AM EST
>> To: Devon Archer <darcher@rosemontseneca.com>, Hunter Biden <hbiden@rosemontseneca.com>
>> Cc: Katie Dodge <kdodge@rosemontseneca.com>, Michael Chun-Liang Lin <michael.c.l.lin@gmail.com>
>> Subject: Fwd: TCPP Summary
>>
>> Gentlemen
>>
>> Here below, is a brief synopsis of the TCPP, Natural Gas opportunity Michael Lin mentioned on Friday last.
>>
>> Devon, I am not sure of the available capacity on existing gas pipelines running from KAZ to China. There may be no room for additional gas to ship in that direction, however if you can ask your contacts while you are there that would be helpful. As you can see below this Chinese firm has an immediate need for gas and they have storage capabilities so this is worth chasing down.
>> Perhaps Burisma has some thoughts on where we could source a supply chain for TCPP.
>>
>> Hunter we will meet this Chinese team tomorrow at your office at 3:00pm so we can discuss their specific needs in more detail.
>>
>> I am scouring my contacts in the LNG sector in order to try and find some supply for this deal.
>> Please let me know if you have any questions or if you need any clarifications.
>> Thanks
>> Jimmy
>> ---------- Forwarded message ----------
>> From: Michael Leonard <mleonard@thorntonai.com>
>> Date: Tuesday, December 9, 2014
>> Subject: TCPP Summary
>> To: Jim Bulger <jbulger@thorntonai.com>
>>
>>
>> Jim,
>>
>> Here is the summary of TCPP:
>>
>> Objective:
>> Locate potential natural gas/LNG supplier in (Kazakhstan or elsewhere) that might be interested in selling to TCPP.
>>
>> Background:
>> In China’s push to reduce air pollution and reduce coal consumption natural gas is being promoted especially in urban areas like Tianjin (located about 90 miles southeast of Beijing on the coast). Tianjin has willing buyers for natural gas (including LNG shipments) if a willing supplier can be found.
>>
>> Company:
>> Tianjin Command Petro Products Co., Ltd. (TCPP) is a 100% privately owned company registered in Tianjin Harbor Economic Zone, and its import activity has the full support of the local government and the Tianjin Development and Reform Committee. TCPP is also working with partners in the energy industry including China National Petroleum Corp. (CNPC- a/k/a PetroChina), Jing-Tang LNG Co., Ltd. and China National Offshore Oil Corp. (CNOOC).
>>
>> TCPP has signed agreements with both CNPC and CNOOC to use their natural gas facilities. TCPP has access to a CNOOC terminal in Tianjin that can throughput 360,000 tons per year of natural gas/LNG right now and can increase that to 720,000 tons per year later in 2015. TCPP has also signed a deal with CNPC to use their terminal in Tangshan, Hebei Province which can throughput 1.5mm tons a year. TCPP can locate additional natural gas terminal capacity if necessary.
>>
>> TCPP will buy the natural gas/LNG and then re-sell it to customers such as Tianjin Energy, CNPC, CNOOC and big power generation companies.
>>
>> As is industry practice, upon the signing of a purchase contract, TCPP or its entrusted party will establish an irrevocable Letter of Credit at sight for each shipment. After inspection and discharge of the cargo, payment will be made by wire transfer within five working days. The following shipments would be the same.
>>
>> The quality of the import should be qualified to the second class of China national standard or higher.
>>
>> With reliable overseas supply, TCCP will enhance future sales to Beijing, and Hebei, Shandong, Henan, Jiangsu, Zhejiang provinces. The prospect is quite good for both parties for cooperation.
>>
>> Key People:
>> Tianjin Command Petro Products Co., Ltd. (TCPP)
>> 1) Mr Bin Hu, Chairman
>> 2) Mr Jinli Cui, President
>> 3) Ms Yan Li, Assistant to Chairman
>>
>> Tianjin Shangcheng Network Technology Co., Ltd.
>> 1) Ms Marilyn Lu, Chairman
>>
>> --
>> Michael R. Leonard
>> Vice President, Operations Department
>> Thornton Group LLC
>> 14 Beacon Street, Suite 804A
>> Boston, MA 02108
>> Office: 617-248-9440
>> Mobile: 781-454-9227
>>
>>
>>
>> --
>> James J. Bulger
>> Chairman
>> Thornton Group LLC
>> 14 Beacon Street, Suite 804A
>> Boston, MA 02108
>> Office tel: 617.248.944