Secure gas supply for Europe > Henning Kothe, Project Director, Nord Stream AG – Berlin, May 21, 2010.

Secure gas supply for Europe >Henning Kothe, Project Director, Nord Stream AG –

Berlin, May 21, 2010

Energy infrastructure for Europe >

Nord Stream:

> TWO PARALLEL OFFSHORE PIPELINES of 1,224 km (transport capacity 55 bcm/p.a.)

> A DIRECT LINK to Russia’s vast proven gas reserves

> AN ADDITIONAL route complementing existing network and other planned pipelines

Gas transported by Nord Stream can:

> COVER 25% of the extra gas imports needed in the EU by 2030

> PROVIDE 26 million European households with electricity and heating fuel

> MAKE a substantial contribution to EU climate protection goals

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Project overview – right on track >

Nord Stream already:

> UNDERTOOK the most comprehensive survey of the Baltic Sea environment

> IDENTIFIED the optimal route, minimising impact on the Baltic Sea environment

> COMPLETED technical design of the pipeline, ensuring safe transport of natural gas

> CONCLUDED the Environmental Impact Assessment and largest international consultation process (Espoo) to date

> OBTAINED all permits for construction

> SECURED financing for phase I

> STARTED construction of the first line

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Permits granted – construction started in April >

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200915.06. 30.06.

Water Permit received

20.10.

EEZ Permit granted

05.11.

EEZ Permits granted

18.12.

Construction Permit granted

Munitions clearance

Permit obtained

02.10.

First and second Construction Permit

granted

21./28.12. 12.02.

Water Permit granted

2010

Final Espoo Meeting – Closure of

Espoo Process

Committed to preserving the environment >

Nord Stream ALREADY:

> INVESTED more than 100 million euros into environmental studies, planning and route design

> SURVEYED 40,000 line kilometres of the Baltic Sea in comprehensive geophysical, gradiometric investigations

> CONCLUDED comprehensive EIA and environmental studies that found:

• Environmental impacts are temporary and of minor significance

• Fishing can be impacted during construction, but fish stock are not affected

> ESTABLISHED a Data and Information Fund

> SET UP environmental monitoring system

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Project players – a true European endeavour >

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Nord Stream and ShareholdersNord Stream AGOAO GazpromN.V. Nederlandse GasunieBASF SE/Wintershall Holding GmbHE.ON Ruhrgas AG

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3

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Port of Sassnitz-Mukran Port of KotkaPort of HankoPort of SlitePort of Karlskrona

Nord Stream’s Logistical Hubs (weight coating, marshalling yards, stock yards)

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1

2

Gazprom Marketing and Trading Ltd, UKDONG Energy A/SGaz de France S. A. WINGAS GmbH & Co. KGE.ON Ruhrgas AG

Nord Stream Gas Purchasers

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1

2

5

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Nord Stream‘s Contractors(Surveys, EIA, design, production, logistics, pipe laying)

Marin Mätteknik ABRambøllSaipem Services S.p.A. EUPEC GmbH

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2

3

4

5

6

7

8

9

10

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13

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PetroValves S.R.L.DNVERM

PeterGazZAO OMKEUROPIPE GmbHDoF ASA

IfAÖGlobal Maritime IVL

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5

3 2

1

1

2

3

4

56

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10

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14

1

2

3

5 4

1

2

3

Italy

France

UK Denmark

Germany

Russia

Sweden

Finland

Netherlands

Switzerland

Norway

5 45

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Time schedule >

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2011-20122011 20122010-20111997-1999 20092006-20082005 - 2006

Feasibility Study

Conceptual Design

Detailed Design

Laying Line 1

CommissioningLine 1

Laying Line 2

Applications & PermittingEIA

Commissioning Line 2

Three vessels guarantee a timely construction >

> Castoro 6 • Saipem Services S.p.A.

• Anchor positioned (deep waters)

• Lay rate: appr. 2.6 km/day

• Installations: Offshore installation; construction of Russian landfall and offshore construction towards German landfall

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> Castoro 10• Saipem Services S.p.A.

• Anchor positioned (shallow waters)

• Slow installation in Greifwalder Bodden area, near the German landfall

> Solitaire• Allseas Group S.A.

• Dynamically positioned (no anchoring)

• Lay rate: appr. 2.4 km/day

• Installations: Offshore construction in the Gulf of Finland

Laying the first line 2010/2011 – construction schedule >

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2010 April

May

June

July

Aug.

Sep.

Oct.

Nov.

Dec.

2011 Jan.

Feb.

March

Casto

ro S

ei (C

6)

Solita

ire

Casto

ro D

ieci (C

10

)

* KP = Kilometre Point

Pipe-laying process >

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Contact >

Nord Stream AG

> Grafenauweg 26304 Zug / SwitzerlandPhone: +41 41 766 91 [email protected]

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Henning Kothe> Project Director

[email protected]