Gas Export. Export Routes and Supplied Products Diversification

Alexander I. Medvedev, Deputy Chairman, Gazprom Management Committee

June 18, 2008

Gas Export. Export Routes and Supplied Products Diversification

Alexander I. Medvedev, Deputy Chairman, Gazprom Management Committee

June 18, 2008

2690.7

2771

2847.4

29302951

2550

2600

2650

2700

2750

2800

2850

2900

2950

3000

2003 2004 2005 2006 2007

Млрд. куб. м 2.2.55%%

22

Global natural gas consumptionGlobal natural gas consumption

bcm

Source: CEDIGAZ

33

39.539.5150.5150.52002007 7

37.237.2151.1151.12002006 6

2626.11147147..0020052005

++55%%-0.4-0.4%%20020077/200/2006 6

1818.3140140.5520042004

*Natural gas owned by Gazprom **Return on commercial gas sale

Gas export by Gazprom to the countries outside FSUGas export by Gazprom to the countries outside FSU

• Head Office: Moscow • 100 per cent Gazprom-owned subsidiary• Leading natural gas exporter• Natural gas supplier to 22 countries of Western and Central Europe• In addition to gas, the export portfolio involves gas condensate, oil, petroleum derivatives and petrochemical products

Volume of gas exports to Europe*,

bcm

Currency proceeds**,

USD bln

44

Development of relations with conventional customersDevelopment of relations with conventional customers

Extension of contract New contracts

- with WIEH on the purchase and sale of up to 3.0 bcmpa at Burghausen for a period through 2027;

- with WIEE on the supply to Romania up to 5 bcmpa between 2013 and 2030;

- with Conef on the supply to Romania up to 2 bcmpa between 2010 and 2030

- contracts for gas supply to Turkey with Shell Enerji A.S., Bosphorus Gas Corporation A.S., Enerco Enerji A.S., and Avrasiya Gas A.S.;

- long-term contracts signed with Centrex and EGL for the Italian market, as well as with Gazprom Marketing and Trading for the Dutch market

55

UGS facilities utilization for secure gas suppliesUGS facilities utilization for secure gas supplies

UGS facilities in operationUGS facilities in operation

Poland

Turkey

Bulgaria

GreeceMacedonia

Serbia

Croatia

Slovakia

Czechia

Haidach UGS facility

OMVUGSfacility

RehdenUGSfacility

UGS facility in Humbly Grove

VNGUGSfacility

Belgium

France

Netherl

ands

Switzerland

Germany

Austria

Italy

Slovenia

Bosnia-Herzegovina

Romania

Ukraine

BelarusRUSSIA

Great Britain

66

Introducing new types of market operations – GM&TIntroducing new types of market operations – GM&T

Established in 1999 A number of GM&T’s subsidiary companies have been set up in Europe and the USA: GMT France, GMT Italia and GMT USA

GMT enters into spot LNG transactions

New line of activity – participation in power generation projects (construction of a power plant in Germany)

Besides the UK, operates in France, the Netherlands, Belgium, Germany, Ireland and other countries

Carries out transactions with pipeline gas, LNG, power energy and CO2 quota trading

Accessing the ultimate user is the major factor of GM&T’s success

77

Poland

Slovakia

Ukraine

Belarus

Northe

rn Lig

ht

Brotherhoods

Yam

al-E

urop

e II

Transgas

Soyuz

Turkey

Diversification of transportation routesDiversification of transportation routes

Existing and projectedgas pipelines to EuropeExisting and projectedgas pipelines to Europe

Nameof project

Throughputcapacity

Length Dateof

commissioning

Nameof project

Throughputcapacity

Length Dateof

commissioning

Existing pipeline export capacities

Projected pipeline export capacities

Existing pipeline export capacities

Projected pipeline export capacities

TransportationacrossUkraine

Yamal-Europe

Blue Stream

Nord Stream

South Stream

TransportationacrossUkraine

175 bcmpa

175 bcmpa

33 bcmpa

16 bcmpa

55 bcmpa

32 bcmpa

>5,000 km

>4,000 km

1,213 km

1,200 km

900 km

>5,000 km

>4,000 km

1,213 km

1,200 km

900 km

1967-83

1999

2003

2010

2013

1967-83

1999

2003

2010

2013

33 bcmpa

16 bcmpa

55 bcmpa

32 bcmpa

Yamal-Europe

Blue Stream

Nord Stream

South Stream

88

Nord Stream gas pipelineNord Stream gas pipeline

Design capacity – 55 bcmpa (two lines: 27.5 bcm each) Total investment amount – over EUR 4bln Length of two parallel offshore sections – some 1,200 m each Scheduled date of the first line commissioning – 2010

Design capacity – 55 bcmpa (two lines: 27.5 bcm each) Total investment amount – over EUR 4bln Length of two parallel offshore sections – some 1,200 m each Scheduled date of the first line commissioning – 2010

Kiev

Minsk

Tallinn

Riga

Vilnius

Warsaw

Prague

BratislavaVienna

BerlinAmsterdamLondon

ParisBrussels

Copenhagen

Stockholm

Moscow

GryazovetsVyborgHelsinki

Saint-Petersburg

99

South Stream projectSouth Stream project

1010

Sakhalin II projectSakhalin II project

In April 2007 Gazprom finally entered the Sakhalin II project

Aggregate reserves – some 600 mln t of oil and nearly 700 bcm of gas

Design throughput capacity – 9.6 mln t of LNG per annum

LNG plant

The project stipulates developing the Piltun-Astokhskoye and Lunskoye fields