Mineral and Raw Material Base Development. Gas Production. Gas Transmission System Development

MINERAL AND RAW MATERIAL BASE DEVELOPMENT

GAS PRODUCTION

GAS TRANSMISSION SYSTEM DEVELOPMENT

St. Petersburg, May 14, 2018 Distribution of Explored Gas Reserves (А+В1+С1) as of January 1, 2018 Gazprom’s share in global gas reserves Gazprom’s share in Russian gas reserves 17 % 72 %

Independent 72 % producers 25 %

3 % Undistributed subsoil reserves

Gazprom’s recoverable А+В1+С1 reserves amount to 35.4 trln m3 of gas

1 Main Exploration Areas in Russian Federation

Kara, Barents and Pechora Sea shelves

Nenets Autonomous Area Yamal Peninsula

Kamchatka Peninsula Northern part of Taz Peninsula, Republic of Sakha (Yakutia) Ob and Taz Bays, Nadym-Pur-Taz region Astrakhan dome and Krasnoyarsk Territory Caspian trench boundaries Sakhalin shelf

Irkutsk Region

2 Gazprom Group’s Mineral and Raw Material Base

Gazprom Group’s recoverable reserves under Russian classification

Gas, bln m3 Condensate, mln t Oil (recoverable), mln t Year АВ С АВ1С1 АВ1С1 АВ С В С 1 1 АВ С В С АВ С В С 1 1 2 2 +В С 1 1 2 2 1 1 2 2 2 2 +В2С2 +В2С2

01.01.2018 35,355.4 13,210.9 48,566.3 1,595.6 1,015.3 2,610.9 2,045.3 1,632.1 3,677.4

Gazprom Group’s proven and probable reserves under international classification (PRMS)

Year Gas, bln m3 Condensate, mln t Oil, mln t

01.01.2017 23,855.1 1,018.9 1,378.7

01.01.2018 24,146.6 1,105.7 1,360.0

3 Gazprom’s Operations Abroad

North Sea Kyrgyzstan Uzbekistan Tajikistan

Serbia

Algeria Vietnam

Iraq (Kurdistan) Libya Venezuela Angola

Bolivia

Hydrocarbon production Hydrocarbon prospecting and exploration

4 Gazprom Group’s Exploration Activities in 2017

Exploration Addition of explored reserves (АВ1С1) Exploratory Number of 3D seismic budget Indicators drilling, constructed surveys, (VAT incl.), thous. m wells thous. km2 Gas, Condensate, Oil, RUB bln bln m3 mln t mln t

Gazprom 104.3 44 19.9 86.7 852.9 95.6 3.3 Group, total

in Russia 85.9 36 18.7 82.6 852.9 95.6 3.3

abroad 18.4 8 1.2 4.1 - - -

5 Main Exploration Results in 2017

Four fields discovered: 47 deposits discovered in fields discovered earlier • Yuzhno-Lunskoye gas and condensate field (Sea of Okhotsk) (Tambeyskoye, Malyginskoye, Padinskoye, Vyngayakhinskoye, • Salairskoye gas and condensate field (Krasnoyarsk Territory) Sutorminskoye, Kraineye, Yety-Purovskoye, Vyngapurovskoye, • Novozarinskoye oil field (Orenburg Region) Mereto-Yakhinskoye, Yuzhno-Tabaganskoye, Archinskoye, Kulginskoye, Zemlyanskoye, Baleykinskoye, Ignyalinskoye, • Zhagrin oil field (Khanty-Mansi Autonomous Area – Yugra) Orekhovo-Yermakovskoye) Aggregate hydrocarbon reserves (С +С categories): 1 2 Aggregate hydrocarbon reserves (С1+С2 categories): 63.0 bln m3 of gas; 42.4 mln t of condensate and oil 200.2 bln m3 of gas; 27.4 mln t of condensate and oil

First-level strategic targets achieved:

• gas reserve replacement ratio – 1.82

• aggregate gas reserves – 35.4 trln m3

6 Hydrocarbon Production in 2017 (including Gazprom Neft)

471.0 419.1

41.0 39.2 15.9 15.9

Gas (bln m3) Oil (mln t) Condensate (mln t) 2016 2017

7 Associated Petroleum Gas Utilization by Gazprom (excluding Gazprom Neft), %

98.4 82 90

2010 2013 2017

8 Gazprom’s Gas Transmission System in Russia

172,000 km of gas pipelines

254 compressor stations with installed capacity of 46,700 MW

9 Bovanenkovo – Ukhta – Torzhok Gas Transmission Corridor

Length of corridor is over 2,400 km.

Length of Bovanenkovo – Ukhta section is around 1,100 km, design capacity – 115 bln m3 of gas per year (for gas supplies from Cenomanian-Aptian deposits of Bovanenkovskoye field).

Length of Ukhta – Torzhok section between Ukhta and Gryazovets is around 970 km, design capacity – 90 bln m3 of gas per year.

10 Power of Siberia Gas Pipeline

Length – around 3,000 km. Diameter – 1,420 mm. Pressure – 9.8 MPa. Annual export capacity – 38 bln m3 of gas.

11 Performance of Russian UGS Facilities in 2017/2018 Withdrawal Season

Gas withdrawal from Russian UGS Indicators 2017/2018 facilities, bln m3

47.0 48.6 Working gas inventories, bln m3 72.184 34.0 31.1 27.3

Potential maximum daily deliverability, 805.3 mln m3

2013/2014 2014/2015 2015/2016 2016/2017 2017/2018

12 Conclusions

1. Gazprom is a world leader in a number of key areas:

- No. 1 globally in terms of natural gas reserves

- No. 1 globally in terms of natural gas production

- No. 1 globally in terms of the length of the gas transportation system

2. First-level strategic targets achieved

3. Continued progress in creating new gas production centers and implementing major gas transportation projects

13 THANK YOU FOR YOUR ATTENTION!