ENERGY FOR THE PLANET

Transcription

1 Alexey MILLER Chairman, Gazprom Management Committee ENERGY FOR THE PLANET 23 th World Gas Congress, Amsterdam, 6 June 2006

2 Gazprom on the Rise Gazprom Group s s operating highlights Gas production, bcm Gas sales in Russia, bcm Gas sales in Europe, bcm Gas sales in the CIS and Baltic States, bcm 76.6 Net receipts from sales of goods, products, work and services (excluding VAT, excises and other charges), RUR mln Net profit, RUR mln

3 Resources Replenishment mln m³ m Gas production Reserves build-up up 3

4 Gazprom: Reserves by Region Total Southern Federal District ,5.8 Northwest Federal District Volga Federal District 2.1 Sea Shelf Urals Federal District Siberian Federal District Far East Federal District Natural gas, bcm Condensate, thousand t Oil, thousand t 4

5 Gazprom: Gas Production by Region Total Southern Federal District Northwest Federal District Volga Federal District Urals Federal District Siberian Federal District Natural and associated gas, bcm Condensate, thousand t Oil, thousand t 5

6 Gas Production Build-Up mln m³ m Bay Bay Aneryakhinskaya Yamburgskoye Yamburgskoye oil, gas and condensate field Pestsovoye oil, gas and condensate field Обь OB Pestsovoye Urengoyskoye Zapolyarnoye Yuzhno- Russkoye Yety-Purovskoye gas field Aneryakhinskaya area of Yamburgskoye oil, gas and condensate field Zapolyarnoye oil, gas and condensate field Yety- Purovskoye 6

7 Gazprom: Promising Areas Barents Sea Offshore Kara Sea Offshore Krasnodar Territory and Black & Azov Seas offshore Astrakhan Region and Caspian Sea offshore Orenburg Prospect Komi and Nenets Autonomous Area Yamal-Nenets Autonomous Area Khanty-Mansi Autonomous Area Tomsk Prospect Yurubchensky Prospect Vilyuy Prospect Nepsko- Botuobinsky Prospect Irkutsk Prospect Sakhalin Prospect 7

8 Gazprom: Global Vertically Integrated Energy Company Key business segments Exploration Production Processing Transmission and storage Distribution and sales Upcoming activity ways will ensure stability augmentation and growth of Gazprom s income Oil production Petrochemicals LPG SLF Electric power 8

9 Gazprom: Gas Transmission System Development SWEDEN NORWAY FINLAND IRELAND RUSSIAN FEDERATION DENMARK ESTONIA LITHUANIA LATVIA MOSCOW KAZAKHSTAN BELARUS PORTUGAL FRANCE GERMANY SWITZERLAND AUSTRIA CZECH. POLAND REPUBLIC SLOVAKIA UKRAINE SPAIN ИТАЛИЯ ИТАЛИЯ HUNGARY CROATIA BOSNIA ROMANIA MOLDOVA UZBEKISTAN North European Gas Pipeline Yamal Europe Gas Pipeline МАРОККО NTR Torzhok Gas Pipeline Pochinki Izobilnoye АЛЖИР Gas Pipeline ТУНИС YUGOSLAVIA BULGARIA TURKEY GEORGIA TURKMENISTAN 9

10 Gazprom: Marketing and Sales Europe bcm CIS and Baltic States 76.6 bcm Russia bcm 10

11 Gazprom: New Assets Electric power production % stock in RAO UES of Russia % stock in OAO Mosenergo Oil production and refining 75.68% stock in OAO Sibneft 49 production licenses 10 exploration licenses Oil reserves mln t Crude oil production 45 mln t, t including Slavneft 12 mln t Refining 17.6 mln t 11

12 Market Capitalization US$ bln

13 Natural Gas: Consumption and Prices World natural gas consumption, bcm including OECD North America OECD Europe OECD Pacific Non-OECD countries (estimated) Sources: IEA, IRTs Gazprom World gas prices Russian natural gas border price in Germany, US$ per 1,000 m³ m of NG Indonesian LNG price in Japan, $ per volume equal to 1,000 m³ m of NG Spot price per 1,000 m³ m of NG at Henry Hub, Louisiana December 2002 December Source: International Monetary Fund Primary Commodity Prices 13

14 Natural Gas Consumption in China, India and South Korea bcm China India Korea Sources: IEA, EIA IEO 14

15 LNG Transmission Distances Shtokman Qatar Distance to Mexican Gulf (km) Transmission cost ($/mln m³) m Nigeria Shtokman 10, Qatar 18, Nigeria 11, Source: CevronTexaco 15

16 LNG Delivery to USA USA USA Shtokman I stage Swap deals II stage Shtokman gas and condensate field development The С1+ 1+С2 explored natural gas reserves are estimated at 3.7 tcm Annual natural gas and condensate production is about 70 bcm and 0.6 bcm, respectively 15 mln t/y LNG plant construction Underwater pipeline construction for natural gas and condensate delivery from gas field to LNG plant 16

17 LNG Projects Reality High technical and technological risks Significant costs increase compared to projected budgets Delays in project execution 17

18 Supply Security Formula FOR CONSUMER: FOR SUPPLIER: Secured volumes Acceptable prices Stability in delivery Forecasted prices Secured sales Transit security Gas supply security 18

19 Gazprom - BASF Increasing the stock in JV Wingas up to 50% -11 share Equity stake in Wintershall Group production company GAZPROM JV Wingas BASF 25% minus 1 share and non-voting stocks in OAO Severneftegazprom 50% in JV Wingas Europa JV Wingas Europa 50% in JV Wingas Europa OAO Severneftegazprom Wintershall Group Yuzhno-Russkoye oil and gas field Exploration and production assets 19

20 Gazprom: Diversification Markets Transmission routes Businesses and assets Products 20

21 NEGP and Blue Stream: Direct Connection to European Gas Networks NEGP designed capacity 55 bcm per year Russian onshore pipeline section from Gryazovets to Vyborg 917 km Offshore pipeline section km. Planned extension to German border on the Baltic Sea bottom. First line commissioning in Investments in excess of EUR 4 bln 21

22 Primary Gas Supplier to Europe Proved oil and gas reserves of the world major energy companies, BBOE Gazprom 21.5 ExxonMobil BP Petrochina % Gazprom gas reserves - 17% of the world; 60% of Russian Share of Russian gas in European consumption 15.4 RD/Shell ChevTex 12.0 Total 11.4 Gas Oil 22

23 Gas of Russia: Strategic Potential 27.5% World reserves tcm (as of ) 15.9% 14.9% 3.9% 3.5% 3.2% Russia Iran Qatar Saudi Arabia UAE USA Source: Oil & Gas Journal 23

24 Alexey MILLER Chairman, Gazprom Management Committee ENERGY FOR THE PLANET 23 th World Gas Congress, Amsterdam, 6 June 2006