Gas John Gass Corporate Vice President & President Global Gas
Momentum for Growth Profitable Growth Solid Performance Right Strategies 2
Abundant and Diversified Resource Portfolio 3
Global Gas Demand Poised for Continued Growth 200 - Trillion Cubic Feet per Year 180-160 - 140-120 - 100-80 - 60-40 - 20 - Central & South America Africa Middle East FSU Western Europe China Asia (excluding China) North America 0-2005 2020 2030 Source Data: Center for Global Energy Studies 2005 4
The Right Strategies Commercialize our Equity Gas Resource Base by Targeting North American and Asian Markets Secure market access for equity LNG Atlantic Basin Pacific Basin Grow GTL business Drive base business performance Build organizational capability 5
Securing Market Access for Equity LNG Shtokman LNG North America Shortlisted West Coast Regas All major permits Casotte Landing Regas acquired FERC permit filed Olokola LNG Bontang LNG Sabine Pass Regas Nearing Engineering and Design Phase Successfully integrated Secured capacity into Chevron Plataforma Deltana LNG Significant discovery made North West Shelf LNG 5 th train expansion Angola LNG sanctioned LNG Ships Entered Engineering Ordered and Design Phase Gorgon LNG Pacific Basin Atlantic Basin HOAs signed Regas Projects LNG Gas Resources 6
Example: Building the Atlantic Basin LNG Value Chain Casotte Landing Regas Sabine Pass Regas Regas Projects LNG Gas Resources 7
Top LNG Players 2005 Sonatrach 0 1 2 3 4 5 6 7 8 bcfd Shell QP Petronas BP XOM Total Oman INPEX ADNOC NNPC EGPC BG Brunei Source: WoodMac 8
Top LNG Players 2015 QP 0 1 2 3 4 5 6 7 8 bcfd Shell NNPC Sonatrach BP XOM Woodside Total Petronas INPEX NIOC Oman BG ENI Source: WoodMac 9
Growing the GTL Business: Building on a Strong Technology Position Top Tier Player Strong Sasol Chevron partnership Proven technology Strong intellectual property position Increasing Certainty Market Perception of Technology Certainty Tier 1 Tier 2 Tier 3 Source: WoodMac 10
Economics: The GTL Option GTL LNG IRR 25 30 35 40 45 50 Oil Price US$ Source: WoodMac, Middle East Sourced Gas 11
Growing the GTL Business Australia GTL Evaluating options Pacific Basin Nigeria EGTL under construction Atlantic Basin Qatar Marketing Oryx I products Pursuing additional opportunities GTL Gas Resources 12
Gas Project Queue 2003 LNG Midstream Regas GTL Escravos GTL U.S. Gulf Coast Regas NA West Coast Regas Gorgon LNG West Africa Gas Pipeline North West Swan Plataforma Deltana LNG Angola LNG North West Shelf T5 North West Shelf T4 North West Shelf T1 - T3 Evaluation Engineering & Design Construction Operate 13
Gas Project Queue 2006 LNG Midstream Regas GTL New NA West Coast Regas Escravos GTL Oryx Base Oils Casotte Landing Regas Sabine Pass Regas North West Swan Australia GTL LNG Ships 3-4 Olokola LNG LNG Ships 1-2 Bontang LNG Oryx 2 GTL Shtokman LNG Gorgon LNG West Africa Gas Pipeline North West Shelf T4 NA East Coast Regas Plataforma Deltana LNG Angola LNG North West Shelf T5 North West Shelf T1 - T3 Evaluation Engineering & Design Construction Operate 14
Our Commitment Shtokman LNG 2006 Casotte Landing Permitted 2006 Gorgon LNG FID 2006/07 Olokola LNG FID 2006/07 WAGP Start up 2006/07 Angola LNG FID 2007 NWS Train 5 Start up 2008 EGTL Start up 2009 15
Delivering Results The lady sings after Gorgon reaches a high note Chevron s Escravos GTL project ready for construction Chevron Applies to Build Gas Terminal... in Pascagoula FINANCIAL TIMES Chevron in Samsung $384M double gas carrier deal Sonangol, Chevron and Co-Venturers award KBR and partners FEED contract for Angola LNG project Gazprom is seeking a foothold in the U.S.... shortlists Chevron Agence France Presse Chevron Australia Signs 6 Billion Dollar LNG Supply Deal With Tokyo Gas 16