PERU LNG 2021 Annual Report

ANNUAL REPORT PERU LNG 2021 CHAPTER 6 WORKING WITH RESPONSIBILITY AND COMMITMENT JUDICIAL AND ADMINISTRATIVE PROCEDURES AND ARBITRATION Contested administrative procedures PERU LNG is currently involved in a non-adversarial administrative case. The claim was lodged in March 2011 by PERU LNG, questioning the validity and applying for the annulment of rulings Nº 004458 and Nº 004666, and of rulings Nº 030-2010-OS/TASTEM-S2 and Nº 007-2010-OS/TASTEM-S2 issued by the Supervising Body for Investment in Energy and Mining - Osinergmin (case 01130-2011). These rulings imposed fines of approximately USD 912 635 for an alleged non-compliance with environmental management commitments. At the close of 2021 the status of the court case brought in March 2011 by PERU LNG against Osinergmin arising from fines imposed by the latter, was as follows: In September 2020, PERU LNG submitted an appeal to the Supreme Court and we are waiting for the Court to decide on its admissibility. Arbitration proceedings PERU LNG has two arbitration proceedings in progress. - The first was initiated in August 2015 and is being heard by the International Arbitration Court of the International Chamber of Commerce, between PERU LNG and Pluspetrol Peru Corporation S.A., Pluspetrol Block 56 S.A., Tecpetrol Block 56 S.A.C. and Sonatrach Peru Corporation S.A.C. (hereinafter "the companies). In this process PERU LNG is questioning invoices issued by the companies in July and August 2015 for alleged additional payments for gas sold in 2010 and 2011. On the 6th October 2016, after the parties had agreed the terms of reference applicable to the proceedings, the arbitration panel (consisting of two arbitrators and one president), established the procedural timetable that will govern the arbitration. Although the arbitration was suspended for a number of years, it has recently been reopened and the arbitration process is under way. two arbitration Furthermore, in October 2019, proceedings against PERU LNG were brought before the international arbitration tribunal of the International Chamber of Commerce. - The first arbitration was brought by Pluspetrol Peru Corporation S.A., Pluspetrol Camisea S.A., Tecpetrol del Peru S.A.C. and Sonatrach Peru Corporation S.A.C; these companies are demanding additional payments of invoices for gas sold to PERU LNG during 2015 and 2018. - The second arbitration case was brought by Pluspetrol Peru Corporation S.A., Pluspetrol Block 56 S.A., Tecpetrol Bloque 56 S.A.C. and Sonatrach Peru Corporation S.A.C. demanding additional payments of invoices for gas sold to PERU LNG during 2011 and 2018. These cases have been consolidated into a single arbitration proceeding. At present the process is suspended. 49

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