26; 124;195 ENTSOG WORKSHOP ON SUPPLY POTENTIALS, BRUSSELS , JULY 2019 100; 190; 235 1; 70; 122 90; 90; 90 150; 150; 150 68; 103; 124 69; 165; 187 GAZPROM’S NATURAL GAS 245; 190; 50 PRODUCTION AND EXPORT STRATEGY 140; 200; 40 KIRIL POLOUS Do not put anything Head of Directorate, Gazprom Source:1 Gazprom below this line Image: Gas production facility No. 2 at Bovanenkovskoye field 26; 124;195 100; 190; 235 1; 70; 122 GAZPROM: THE GLOBAL ENERGY MARKET LEADER 90; 90; 90 150; 150; 150 EXPANSION OF RISK-FREE ENTRY TO THE CHINESE NATURAL GAS tcm PROVED 35.2 EXPORT ROUTES TO EUROPE MARKET VIA THE PIPELINE 68; 103; 124 RESERVES >70 years R/P ratio bcm NATURAL GAS 498.7 2 69; 165; 187 PRODUCTION NORD STREAM 2 12% of global volumes +55 bcm POWER OF SIBERIA 245; 190; 50 #1 SHARE OF bcm CONVENTIONAL TURKSTREAM +38 IN THE WORLD 100% PRODUCTION +31.5 bcm 140; 200; 40 EXPORTS bcm1 201.9 DIVERSIFICATION AND IMPROVEMENT OF EXPORT EFFICIENCY 1967 2003 2009 2018 2019 2020-2035 START OF THE START OF FIRST RUSSIAN FURTHER STRENGTHENING OF RUSSIAN GAS RISK-FREE LNG PLANT LEADING POSITION AMONG SUPPLIES TO SUPPLIES LAUNCH GLOBAL ENERGY COMPANIES EUROPE GAZPROM’S VAST RESOURCE BASE UNDERPINS GLOBAL EXPORTS STRATEGY Sources: Gazprom. Cedigaz 1 Pipeline exports to far-abroad countries (including Turkey) Do not put anything 2 The quoted figures indicate annual transportation volumes after reaching design capacity 2 below this line 26; 124;195 100; 190; 235 1; 70; 122 KEY PIPELINE EXPORT ROUTES: LOOKING WEST AND EAST 90; 90; 90 150; 150; 150 Production region Existing project Export pipeline 1 55 bcm Designed capacity Project under construction PIPELAY COMPLETION3 68; 103; 124 NORD STREAM 2: 69; 165; 187 >60% Nord Stream 1 55 bcm 245; 190; 50 Nord Stream 2 55 bcm 140; 200; 40 TURKSTREAM: Yamal – Europe 100% 33 bcm Via Ukraine2 n/a TurkStream POWER OF SIBERIA: >99% 31.5 bcm Blue Stream 16 bcm Power of Siberia 38 bcm GAZPROM IS LAUNCHING PROJECTS WITH CAPACITY OF 125 BCM/A, INCLUDING 86.5 BCM/A CAPACITY TO EUROPE Do not put anything 1 The sum оf pipeline transport capacities does not equal to Gazprom’s full export capacity due to only largest infrastructure projects being shown on the graph. 2 According to Entsog overall capacity of pipelines from Ukraine to Europe reaches ~130 bcm/year 3 below this line 3 As for 28.06.2019, construction status of Nord Stream 2, TurkStream (offshore part), “Chayanda field – Russia-China border” part of Power of Siberia pipeline. 26; 124;195 100; 190; 235 1; 70; 122 GAS PRODUCTION STRATEGY: GROWTH AND DIVERSIFICATION Depletion level, 2018 90; 90; 90 100% OTHER REGIONS Orenburg, Astrakhan, Shtokman and other regions* 150; 150; 150 90% Chayanda, Kovykta EAST SIBERIA AND THE FAR EAST 68; 103; 124 80% Kirinskoye, Yuzhno-Kirinskoye other fields YAMAL 69; 165; 187 70% Malyginskoye (TO BE LAUNCHED) Tambeyskoye 245; 190; 50 60% Kharasaveyskoye (cenoman-aptian, neocom-jur.) YAMAL Kruzenshternskoe 50% (IN OPERATION) 140; 200; 40 Bovanenkovo (necom-jurassic) 40% other fields Bovanenkovo (cenoman-aptian) 30% Urengoyskoye (cenoman) Medvezhye (cenoman) 20% NADYM–PUR–TAZ Yamburg (cenoman) Zapolyarnoye (cenoman) 10% Yubileynoye Yamsoveyskoye 0% other fields 2018 2020 2025 2030 2035 *This category also includes production of associated gas by Gazprom Neft DEVELOPMENT OF YAMAL FIELDS WILL ENSURE LONG-TERM SUPPLY Do not put anything 4 below this line 26; 124;195 100; 190; 235 1; 70; 122 YAMAL REGION: FUTURE OF RUSSIAN GAS INDUSTRY 90; 90; 90 Selected fields: reserves1, launch year 150; 150; 150 post Tambeyskaya group 7,7 68; 103; 124 tcm 2025 69; 165; 187 Kharasaveyskoe 2 tcm 2023 245; 190; 50 3,7 140; 200; 40 Bovanenkovskoe 2012 tcm Bovanenkovo field production, bcm 120 115 90 Historic production 87,4 60 82,8 61,9 67,4 30 42,8 4,9 22,8 0 2012 2013 2014 2015 2016 2017 2018 design 1Russian reserves classification system capacity YAMAL’S UNIQUE FIELDS WILL UNDERPIN GAZPROM’s STRATEGY Do not put anything 5 below this line 26; 124;195 100; 190; 235 1; 70; 122 GAZPROM IN EUROPE: STRENGTHENING PARTNERSHIP 90; 90; 90 EUROPEAN SUPPLY AND DEMAND OUTLOOKS SHARES IN EUROPEAN CONSUMPTION 150; 150; 150 bcm 600 RUSSIAN PIPELINE SUPPLIES 68; 103; 124 550 518 500 515 507 69; 165; 187 37% ≥38% 37% 38% 245; 190; 50 400 2018 2035 140; 200; 40 300 228 Min.: IHS Markit Max.: Wood Mackenzie 200 201 123 INDIGENOUS PRODUCTION 100 110 ≤45% ≤2221%% 0 up to 2022 2035 2020 2021 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2019 2018 45% 2035 Europe consumption outlook (IHS Markit) European indigenous production outlook (IHS Markit) European demand outlook (Wood Mackenzie) European indigenous production (Wood Mackenzie) Sources: Gazprom interpretation of Wood Mackenzie and IHS Markit data Min.: Wood Mackenzie Max.: IHS Markit IN THE LONG-TERM GAZPROM’S SHARE IN EUROPE IS PROJECTED TO RISE Do not put anything 6 below this line 26; 124;195 100; 190; 235 1; 70; 122 KEY TAKEAWAYS 90; 90; 90 150; 150; 150 GAZPROM’S LONG-TERM GAS EXPORT POTENTIAL TO EUROPE IS SUPPORTED BY THE LARGEST PROVED RESERVES IN THE WORLD 68; 103; 124 69; 165; 187 DEVELOPMENT OF YAMAL FIELDS DETERMINES 245; 190; 50 ONGOING OPTIMIZATION OF MAJOR EXPORT ROUTES 140; 200; 40 GAZPROM’S LONG-TERM SUPPLY POTENTIAL TO EUROPE IS NEITHER LIMITED BY INFRASTRUCTURE, NOR CONSTRAINED BY RESOURCE BASE GAZPROM IS PERFECTLY SET TO SATISFY GROWING SUPPLY-DEMAND GAP IN EUROPE Do not put anything 7 below this line 26; 124;195 100; 190; 235 1; 70; 122 90; 90; 90 150; 150; 150 68; 103; 124 69; 165; 187 245; 190; 50 140; 200; 40 THANKS FOR YOUR Do not put anything Source: Gazprom Image8 : Construction below this line ATTENTION! of offshore section of Nord Stream 2 pipeline .