WELCOME TO GAZPROM EXPORT

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1 WELCOME TO GAZPROM EXPORT A 100% SUBSIDIARY OF GAZPROM JSC Moscow March, 2015

2 MEET GAZPROM EXPORT MAIN DIRECTIONS OF NATURAL GAS SUPPLIES Europe Asia-Pacific 2

3 OUR NEW HEADQUARTERS AT OSTROVSKY SQUARE IN SAINT PETERSBURG 3

4 THE WORLD S LARGEST EXPORTER OF NATURAL GAS BEING A RELIABLE SUPPLIER IS OUR TOP PRIORITY GAZPROM EXPORT: Supplies blue fuel to more than 20 countries; Exports gas condensate, oil, petroleum products, liquefied hydrocarbon gases and other petroleum and petrochemical products; Carries out marketing of gas in new markets, optimizes export flows, and analyses and forecasts the natural gas market trends. SAFETY AND RELIABILITY OF EXPORT SUPPLIES IS UNDERPINNED BY THE WORLD S LARGEST NATURAL GAS RESERVES GAZPROM S SHARE IN EUROPE 30.0% 30.6% E 25.4% 2012 Gazprom owns 18% of global and 72 % of Russian natural gas reserves; According to the Russian classification (A+B+C1 categories), the Company's reserves amount to nearly 35 trillion cubic meters of natural gas. Gas Extraction in Siberia 4

5 RELIABLE GAS DELIVERIES TO EUROPE Near 50 years of impeccable operating track record* 180 bcm E 20 Despite any crisis Gazprom has always and will in the future fulfill its export obligations * Total gas sales in foreign markets excluding FSU The Bulk of Gazprom s natural gas export supplies goes to Germany and Italy in Western Europe, Poland and Hungary in Eastern and Central Europe and to Turkey 5

6 GAZPROM EXPORT IN COMPARISON WITH OTHER EXPORTERS Supply of the biggest gas exporters to Europe* bcm Q-4Q Q-4Q GAZPROM JSC ALGERIA (INCL. LNG) LYBIA (INCL. LNG) QATAR 5.7 NIGERIA 6

7 BUILDING RELIABLE SUPPLY ROUTES TO EUROPE NORD STREAM AS A PERFECT EXAMPLE OF SUCCESSFUL COOPERATION WITH EUROPEAN PARTNERS Gazprom always aims to reduce transit risks; Nord Stream pipeline became reliable route to deliver Russian gas straight to Western Europe. Nord Stream route across the Baltic Sea GAZPROM WORKS ON ENSURING GAS SUPPLY TO SOUTHERN EUROPE Cancellation of South Stream re-routes the pipeline via Turkey; The new pipeline Turk Stream will further enhance energy security of Europe, providing up to 14 bcm for the Turkish market and up to 50 bcm for European states at Turkish-Greek border. Planned Turk Stream route and existing Blue Stream Pipeline to Turkey 7

8 ENTERING THE BRAND NEW GAS MARKET - CHINA In May 2014, Gazprom and CNPC signed a contract to supply pipeline gas from Russia to China via the eastern route deliveries via the eastern route deliveries via the western route Harbin Beijing Changchun Shenyang Shanghai Guangzhou Duration of contract : 30 years Annual volume of deliveries : 38 billion cubic meters in the plateau period Start of deliveries : (depending on the finalization of the construction period) WESTERN ROUTE PROJECT November, 2014 Framework Agreement Signed Further negotiations and firm agreements Import LNG terminals May, 2014 SPA signed September, 2014 Start of construction works 2018 Estimated commissioning date Pipeline gas import routes functioning existing import routes planned routes for future supplies from Russia LNG supplies EASTERN ROUTE PROJECT PIPELINE GAS EXPORTS TO CHINA ARE PLANNED TO REACH 68 BCMA IN

9 LNG STRATEGY OF GAZPROM EXPORT Existing supply sources Vladivostok LNG 10 mmtpa Sakhalin-2 10 mmtpa Third-party supply sources New Gazprom LNG Projects Gazprom Offtake 1 mmtpa Baltic LNG 10 mmtpa Sakhalin-2 T3 5 mmtpa Total Output 25 mmtpa Colombia FLNG 0.5 mmtpa Yamal LNG 16.5 mmtpa Gazprom Offtake 0.5 mmtpa Gazprom Offtake 2.9 mmtpa GAZPROM S LNG PORTFOLIO 35 Sakhalin-2 T3 mmt Baltic LNG 20 Vladivostok LNG 15 Yamal LNG 10 Colombia FLNG 5 Sakhalin Highlights up to ,9 mmtpa 0,5 mmtpa LNG contracted under LT HOA with Yamal LNG project LNG contracted under MT SPA with Colombia LNG project LNG Carriers LT GAIL SPA Newbuilds Velikiy Novgorod and Pskov were delivered to Gazprom Went live (CP lifed) 52 Cargoes were delivered by GM&T to Asia-Pacific and AtlanUc markets 9

10 UNDERGROUND GAS STORAGE AS A KEY FACTOR OF SAFE GAS SUPPLIES TO EUROPE To ensure an uninterrupted supply of gas to European consumers during the periods of higher demand, repair operations on gas transmission network as well as in order to supply additional volumes of gas, Gazprom has adopted a strategy of development of underground gas storage (UGS) Gazprom invests billions of dollars in the construction of new (e.g. Damborice, the Czech Republic) and the expansion of the existing (e.g. Katharina, Germany) storage facilities. Construction of UGS Katharina in Saxony-Anhalt, Germany From 2006 our available gas storage capacity in Europe has increased from 1.4 to 5 billion cubic meters of active gas and the total daily output grew from 18.2 to about 70 million cubic meters Gazprom Export s storages in Europe 10

11 GAZPROM EXPORT S ACTIVITIES IN THE NGV-MARKET Natural gas is not only fuel for heating houses, warming up water and cooking. It is also a motor fuel which presents a unique combination of environmental, economical and technological advantages that distinguish it from other types of fuels GAZPROM S CONTRIBUTION TO THE DEVELOPMENT OF GAS MOTOR FUEL MARKET GERMANY CZECH REPUBLIC POLAND SLOVAKIA Gazprom Germania (100% owned by Gazprom Export) operates 23 CNGrefuelling stations Vemex (more than 50% owned by Gazprom Germania): 5 own CNG stations + supplying 8 third party stations Gazprom Germania: 1 LNG station +1 in the process of construction Joint project of Gazprom Germania and Polish bus manufacturer Solbus to deliver 11 LNG-fuelled buses for the city of Olsztyn and 35 buses to the capital Warsaw Vemex: GAZPROM GROUP COMPANIES GAS SALES FOR ON-ROAD TRANSPORT 18 mcma Poland Czech Republic/ Slovakia Germany * *Forecast gas supply to 1 third party station 11

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