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IZAR Delivers LNG Inigo Tapias

Maritime Activity Reports, Inc.

August 1, 2003

IZAR Sestao Shipyard has delivered the LNG, Inigo Tapias, which will be operated by the company F. Tapias for Repsol YPF-Gas Natural. After conclusion of tests, carried out by the shipyard in the Gas Natural facilities in Huelva and valued by the shipowner, the ship was delivered completely operative and was delivered a month ahead of schedule. During the tests, the cargo has reach quantity of 5,000 m3 of gas. The Inigo Tapias has the capacity to transport 138,000 m3 of liquified natural gas at 163 degrees centigrades below 0, in 4 tanks with a double membrane type No96 as a system of isolation and contention of cargo. The “Inigo Tapias” is the first LNG of this dimension built in Spain and the first of a serie of 5 that IZAR has under construction for Repsol YPF, Gas Natural and Unión Fenosa. IZAR is the only shipyard in Europe and among the few in the world, capable of the construction of this type of ship -high technology and added value- and has achieved a strong position in this sector. Diesel Engines Factory in Manises provided 5 deck cranes, 3 hose handling cranes type GPH 500-1224 and 2 service cranes type GPS 320-1218.

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