Press Conference, June 3, 2014

Gas Export and Enhancing Reliability of Gas Supply to Europe

2

0

100

200

300

400

500

600

700

800

900

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

мл

рд

. ку

б. м

Диапазон прогнозов добычи Диапазон прогнозов потребления

Консенсус-прогноз добычи Консенсус-прогноз потребления Production forecast spread Production consensus forecast

Consumption forecast spread Consumption consensus forecast

2007 2008 2009 2010 2011 2012 2013 2014**

158.8 168.5142.9 138.6

150.3139.9

161.5 158.4

Gazprom Group’s gas supplies to Europe* Gazprom Group’s gas supplies to CIS and Baltic States

bcm

$

per

tcm

$302 $383 $402

* European states, including Turkey, excluding former USSR republics

** Estimate

+168 bcm +225 bcm

Extending gap between

domestic production and

consumption in Europe

Export Volumes Fluctuation

According to consensus forecast***, Europe’s demand for extra gas imports will amount to:

+168 bcm in 2025 +225 bcm in 2035

$296 $410 $273

2007 2008 2009 2010 2011 2012 2013 2014**

43.0 39.2

54.6

68.0 71.1 64.4

59.4 56.4 bcm

$

per

tcm

$235 $298 $308 $205 $187 $109 $387 $272

Source: Gazprom estimates

*** Based on Cera, IEA, EIA, Eurogas, Cedigaz and EC scenarios.

3

Gas Price Fluctuation

Prospective Gazprom Group’s share at European market

Source: Gazprom estimates

2013

30%

70%

2030

32%

68%

30%

70%

Gazprom Other suppliers

2020

* European countries, including Turkey, excluding former USSR republics

0

5

10

15

20

25

2007 2008 2009 2010 2011 2012 2013

4.7 6.1

11.2

16.0

21.2 19.9

15.3

Gas price for CIS and Baltic

states, USD bln

Gas price for Europe*, USD bln

0

10

20

30

40

50

60

70

2007 2008 2009 2010 2011 2012 2013

39.5

63.8

42.5 43.9

57.6 55.9 63.1

Germany 41.0

Turkey 26.7

Italy 25.3 UK 16.6

Poland 12.9

France 8.6

Czech Republic 7.9

Hungary 6.0

Slovakia 5.5

Austria 5.2

Finland 3.5

Bulgaria 2.9

Greece 2.6

Netherlands 2.9

Other 5.0

Italy demonstrated

most rapid growth

versus 2012 (40%

increment)

Value of gas supplied to

countries beyond CIS

exceeded USD 63 bln in

2013

Gas supplied to countries beyond CIS (bcm)

2013 Outcomes per Countries: Europe*

* European countries, including Turkey, excluding former USSR republics

Ukraine 25.8 Belarus 19.8

Lithuania 2.7

Moldova 2.4

Armenia 1.7

Latvia 1.1

Kazakhstan 4.7 Estonia 0.7

Georgia 0.2

South Ossetia 0.03

Estonia (13.6%

increment) and South

Ossetia (9.6% increment)

showed most rapid

growth versus 2012

Proceeds from gas

supplied to CIS countries

reached USD 15.3 bln in

2013

Gas supplied to CIS countries (bcm)

2013 Outcomes per Countries: CIS and Baltic states

Lack of transit states: decreasing Russian gas transmission costs, avoiding potential political risks – most reliable supplies to consumers in Western Europe

Above 15 bcm of gas delivered through Nord Stream since early 2014

Entire Nord Stream gas transmission system, including German onshore extensions (NEL and OPAL pipelines), is capable of full load operation since November, 2013

Gazprom is capable to provide 100% load of Nord Stream. EC inconsistent actions result in inefficient usage of existing gas transmission infrastructure in Europe: due to valid restriction gas volumes applied for transmission should not exceed 50% of total OPAL capacity

Diversifying Routes: Nord Stream

Diversifying Routes: South Stream

• First joint of Bulgarian section welded near Rasovo compressor station on October 31, 2013

• Agreements on purchasing pipes for first and second pipeline branches signed on January 29, 2014 and March 14, 2014 respectively

• First branch construction contract with Saipem signed on March 14, 2014. Second branch construction contract with Allseas Group signed on April 29, 2014

* Particulars as of December 31, 2010 and December 31, 2013

Bergermeer UGS (Netherlands) partially commissioned in April, 2014. It became one of core link in consumers’ supply chain through Nord Stream. USG will reach full capacity in 2015.

Asset swap transaction between Gazprom and Wintershall Holding is scheduled to be completed in 2014, resulting in rising Gazprom’s share in European gas storage joint venture Astora up to 100%.

Gazprom Group keeps on constructing Katharina and Etzel UGS in Germany and Damborice UGS in Czechia.

Extending UGS Capacities Abroad: Reliability and Flexibility of Export Supplies

Particulars Countries beyond CIS*

2010/2011 2013/2014

Working gas capacity used by Gazprom, bcm 2.5 3.6

Maximum daily withdrawal rate, mcm 30.0 51.3

9

LNG and CNG as vehicle fuel means: - considerable fuel costs reduction - tiny emissions (conformance to Euro-6) - reliable and proven technologies - sufficient gas reserves over decades

New Line of Business: Natural Gas Vehicle (NGV) Fuel

Industry’s growing demand for imported gas: • Heavy truck can consume up to 200-300 kg of LNG daily • Shipping company having 20-40 trucks annually consumes several million

cubic meters of gas • European NGV market may require extra 45 bcm of gas by 2030

Gazprom Group companies keep on running NGV projects in Europe. As of December 31, 2013 Gazprom, represented by its affiliated companies Gazprom Germania and Vemex, owned (both solely and jointly) 31 gas filling stations in Germany, Czech Republic and Poland, including 30 CNG filling stations and 1

LNG filling station.