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