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Gazprom Largest Gas Company in the World

• GAZPROM
• Gas reserves in Russia
• 60
• Gas production in Russia
• 85
• Transportation system
• in Russia 98
• Russian gas in world gas
• exports 26
• Big-inch gas pipelines all
• over the world 50

Nord Stream
Northern Lights
Belarus
UK
Poland
Brotherhoods
Interconnector
RHG
YAGAL-North
Yamal-Europe
MIDAL
Ukraine
Czech Rep.
STEGAL
MIDAL
Slovakia
Germany
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II
Soyuz
Austria
Blue Stream
Italy
European consumption
Turkey
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Substantial growth of Gazprom export operations
in Europe is instrumental in implementing
Gazproms strategy

• Headquarters Moscow, Russia
• 100 subsidiary of Gazprom and its export arm
• Currently the leading exporter of natural gas to
  the Europe
• Supplier of natural gas to 22 Western and Central
  European countries
• Business activities also include exports of gas
  condensate, crude oil, petroleum products and
  petrochemicals

Gas exports to Europe, bcm
2004 140.5 140.5 18.4
2005 147.0 147.0 26.1
2006 151.1 151.1 37.2
2006/2005 2.8 2.8 42.5
2006/2004 7.5 7.5 102.2

Sales to Europe, bn USD
According to Federal Law On Natural Gas Exports
adopted in July 2006, the exclusive right to
natural gas exports from Russian Federation is
granted to Gazexport (since November 1, 2006
renamed to Gazprom export)
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Gazproms Natural Gas Exports by Country in 2006
(BCM)
Exports to Western Europe 108.9 BCM
Exports to Central Europe 42.2 BCM
Bosnia 0.4
4.95
Bulgaria
4.95
2.1
3.2
4.3
4.9
37.9
5.1
Slovakia
6.8
6.6
7.7
21.4
7.4
7.7
10.0
19.9
Total Exports 151.1 BCM
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Outside ex-USSR.
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Russian Natural Gas Exports to Italy

• First natural gas deliveries to Italy started in
  1974.
• Main partner through more than 30 years ENI.
• Long-standing relationship and fruitful
  cooperation with ENI
• creating in 1993 of the joint company Promgas (2
  bcma supply contract to Edison)
• joint realization of the Blue Stream Pipeline
  project.
• Gas delivered under 5 long-term contracts (4
  ENI, 1 Promgas)
• Around 410 bcm delivered since 1974.

Since 1974 - 406 bcm
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Cooperation in the Italian Market with Other
Players
Strong interest from other Italian and
non-Italian companies in long-term purchasing of
Russian natural gas. Memoranda of understanding
signed with all major players in the Italian
energy market Edison, Enel, EGL, Sorgenia, Riva
Energia, Gas Plus Italiana. They provide for
the possibility of broad cooperation not only in
long-term gas deliveries, but also in joint gas
marketing and storage as well as power
production. Since 2003 Gazprom delivered to
Italy more than 1.2 bcm of spot gas to the buyers
alternative to ENI.
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Further Development of Cooperation with ENI
The Strategic Partnership Agreement signed in
November 2006 foreseeing the following
TAG
Austria

• reduction by up to 3 bcm of the annual delivery
  volumes under one of the long-term contracts with
  ENI
• transfer to Gazprom of the corresponding capacity
  of the TAG pipeline system, currently contracted
  by ENI as shipper
• extension until 2035 of the existing gas
  long-term sales agreements with ENI
• negotiations on asset swap.

Italy
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In the liberalised European gas market Gazprom
introduces new style of work with a view to the
current commercial opportunities
GAZPROM
EU
EU Gas Directive 2003/55/EU states
that long-term contracts will continue to be an
important component in the gas supply system of
the member-states (Preamble, p. 25)
Gazprom has cancelled the provision banning
gas re-exports in the contracts with the Western
European companies and will not include them in
the new contracts
Michael Glos, Germanys economy minister, said
The Commission is now talking about unbundling
ownership and we need to verify first whether
this is compatible with the constitution. (Gas
Matters Today, January 15, 2007)
Francois Loos, minister delegate to industry of
France, declaredLike the Commission, we believe
that there are problems on the market, but we
disagree on the causes, and therefore on the
solutions. (European SpotGasMarkets, January 11,
2007)
Jean-Marie Devos, secretary general of Eurogas,
told In liberal markets there should be freedom
for companies to determine their own strategy.
Now is not the time to weaken national gas
companies in Europe.(Gas Matters Today, February
2, 2007)
On January 10, 2007, European Commission presents
its proposals on a new energy policy for Europe
including ownership unbundling or as a concession
introducing full independent system operators.
More effective and transparent price formation
was also raised as a major concern, as well as
the continued use of regulated tariffs within
members states.
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To exploit growing export opportunities in the
European market Gazprom is planning to build a
new gas pipeline with a capacity of 55 bcm/year
Capacity
Start up
Length
Project name
Existing and planned natural gas pipelines to
Europe
Existing export transportation capacity
1967-83
175 bcm/yr
Transportation routes through Ukraine
gt 5000 km
1999
gt4000 km
33 bcm/yr
Yamal Europe
16 bcm/yr
2003
1213 km
Blue Stream
199 bcm/yr (existing capacity)
TOTAL
Planned export transportation capacity
Nord Stream
55 bcm/yr
2010
3000 km
55 bcm/yr (planned capacity)
TOTAL
Currently supplies 7.5 bcm/yr, full capacity to
be reached by 2010.
Sources Gazprom, CERA
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