Gas Sensing of Russia Δ 13th of January 2014 Ω 5:11 AM

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~ Shtokman by Rigzone ~ Shtokman by Offshore-Technology ~ Gazprom	~ sense for Ξ ~ sense for Ξ ~ sense for Ξ	~ sense for Ξ ~ sense for Ξ ~ sense for Ξ
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«Gas Sensing	Θ	Θ
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~ Shtokman by Rigzone

»Gazprom, Total, StatoilHydro Form JV to Develop Shtokman Field /Rigzone/
ξ Gazprom, Total and StatoilHydro signed a Shareholder Agreement
ξ for the creation of Shtokman Development AG for phase one of the Shtokman field

Agreement
ξ signed at the central office of Gazprom by
ξ Alexey Miller, Chairman of the company's Management Committee,
ξ Christophe de Margerie, CEO of Total, and
ξ Helge Lund, CEO of StatoilHydro.

Shares of Shtokman Development AG
ξ Gazprom 51%
ξ Total 25%
ξ StatoilHydro 24%
ξ the company is registered in Switzerland

Shtokman Development AG organizes
ξ project engineering
ξ development
ξ construction
ξ financing
ξ exploitation of first phase facilities related to the development of the Shtokman field

Status
ξ front end engineering design (FEED) for the project has commenced
ξ will be finished in the second half of 2009 allowing a final investment decision to be made
ξ Russian and international subcontractors for FEED studies have already been identified
ξ a site has been chosen for the technical and transportation complex near Teriberka in the Murmansk region

Speeches
ξ this strategic partnership of our companies brings together long experience, vast resources and advanced technologies
ξ which are fundamental to the success of this unique project,
ξ which will guarantee reliable and long-term gas supplies for European consumers
ξ the establishment of the Shtokman Development Company marks the starting point
ξ in the realization of the development of the Shtokman field /Alexey Miller/

ξ the creation of this joint company is a major milestone allowing us to combine our forces
ξ and experiences in large developments in harsh and remote environment
ξ to meet the challenges of the Shtokman project /Christophe de Margerie/

ξ Shtokman can become a locomotive for new developments in the arctic region,
ξ with safe operations under cold and harsh condition
ξ we look forward to the next stages in cooperating with Gazprom and Total on this large and challenging project
ξ by contributing with our competence and experience from the Norwegian Continental Shelf /Helge Lund/

The Shtokman field
ξ located in the Russian sector of the Barents Sea
ξ holds 3.8 trillion cubic meters of gas reserves
ξ around 37 million tons of gas condensate

Phase one of the development of the deposit
ξ provides for a yield of 23.7 billion cubic meters of natural gas per annum,
ξ the start of pipeline deliveries to commence in 2013 and
ξ LNG in 2014

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~ Shtokman by Offshore-Technology

»Shtokman

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~ Gazprom

Alexey Miller
ξ over a six-year period the Company’s capitalization grew 25fold exceeding USD 270 bln by the end of last year
ξ Gazprom is becoming a prominent player on the LNG market

Board of Directors

Medvedev Dmitry Anatolievich / Chairman of the Board of Directors
ξ graduated from Law Department, Leningrad State University, in 1987
ξ taught at St. Petersburg State University from 1990 to 1999
ξ Chief of Staff of the Presidential Executive Office
ξ appointed First Deputy Prime Minister of the Russian Federation on November, 2005
ξ married, one son

Miller Alexey Borisovich / Deputy Chairman of the Board of Directors, Chairman of Gazprom’s Management Committee
ξ engineer-economist, the General planning division, LenNIIProekt - Leningrad Civil Construction Research and Design Institute
ξ researcher, Leningrad Finance and Economics Institute
ξ Director, Development and Investments, at Morskoy Port of St. Petersburg Open Joint Stock Company
ξ General Director, Balttiiskaya Truboprovodnaya Sistema (Baltic Pipeline System)
ξ appointed Deputy Minister of Energy of the Russian Federation
ξ Chairman of the Management Committee, Gazprom, since 2001

Ananenkov Alexander Georgievich / Deputy Chairman of Gazprom’s Management Committee
ξ graduated from Ufa Oil Institute
ξ Chief Engineer, Yamburg gas production Department, Urengoygazprom
ξ elected Member, Board of Directors, Gazprom, at the annual shareholders' meeting on June 28, 2002

Bergmann Burckhard / Chairman of the Executive Board of E.ON Ruhrgas AG, member of the Executive Board of E.ON AG
ξ graduated from Aachen University (Institute) of Technology
ξ worked at the Federal Ministry for Research and Technology
ξ Julich Nuclear Research Center
ξ Chairman of the Board of Ruhrgas AG since June 22, 2001

Fyodorov Boris Grigorievich / Gazprom’s Shareholder
ξ graduated from the Moscow Financial Institute
ξ Ph. D. at M. V. Lomonosov Moscow State University
ξ Doctorate degree at the USA and Canada Institute, USSR Academy of Sciences
ξ served as Minister of Finance of the Russian Federation
ξ Department Head, European Bank for Reconstruction and Development, London
ξ Deputy Prime Minister, Minister of Finance, the Government of the Russian Federation
ξ Deputy, State Duma
ξ Head, State Tax Service of the Government of the Russian Federation
ξ Member of Gazprom's Board of Directors, since 2000

Gazizullin Farit Rafikovich
ξ graduated from the Gorky Institute of Water Transport Engineering

Gref German Oskarovich
ξ Leningrad

Karpel Elena Evgenievna / Head of the Department for Pricing and Economic Expert Analysis
ξ Head of the Department for Pricing and Economic Expert Analysis of Russian and, later on, Open Joint-Stock Company Gazprom, Moscow

Khristenko Viktor Borisovich / The Russian Federation Minister for industry and energy

Sereda Mikhail Leonidovich / Deputy Chairman of Gazprom’s Management Committee - Head of Administration of Gazprom’s Management Committee

Yusufov Igor Khanukovich / Special Envoy of the RF President for International Energy Cooperation and Ambassador at Large of the RF Ministry of Foreign Affairs

Gas resources
ξ about 17% of the world’s proven gas reserves, and over 60% of Russia’s reserves
ξ proven gas reserves are estimated at around 29,1 trillion m3
ξ hydrocarbon reserves are currently estimated at USD 138,6 billion

Europe
ξ Western Europe is the key export market for Russian gas
ξ Gazprom supplies around 1/3 of Western Europe’s gas imports
ξ the largest importers of Russian gas are Germany, Italy, Turkey and France
ξ looking to expand its presence in Asia, the Pacific, Scandinavia, the US, the UK and Belgium
ξ 90% of Russia’s gas exports flow through Ukraine
ξ the Yamal-Europe gas pipeline is under construction
ξ the Blue Stream project, launched at the end of 2002, supplies gas directly to Turkey across the Black Sea
ξ in April 2006 sold the first shipments of LNG in the UK
ξ LNG was purchased from Gaz de France and delivered to British Petroleum at the Isle of Grain terminal

Partners
ξ E.ON, Wintershall AG, Verbundnetz Gas and Siemens AG in Germany;
ξ Gaz de France and TotalFinaElf in France;
ξ Italy’s Eni;
ξ Botas in Turkey;
ξ Fortum in Finland;
ξ Gasunie in the Netherlands;
ξ Hydro and Statoil in Norway;
ξ CNPC and PetroChina in China;
ξ PGNiG in Poland;
ξ ExxonMobil, ChevronTexaco and ConocoPhillips in the US; and
ξ the transnational giant Royal Dutch Shell

With an interest in WINGAS, Gazprom effectively owns a stake in Germany’s gas mains

European importers are committed to their long-term agreements with Gazprom
ξ Gaz de France renewed its gas import contract until 2015
ξ E.ON Ruhrgas, Wintershall, and Gasum respectively renewed their import contracts with Gazprom until 2020, 2030, and 2025

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