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6<br />

6<br />

6:1<br />

5<br />

5:1<br />

4<br />

4:1<br />

3<br />

3:1<br />

2<br />

2:1<br />

1<br />

1:1<br />

0<br />

Oil price (WTI) to gas price (Henry Hub) ratio<br />

1:5<br />

1:4<br />

1:3<br />

1:2<br />

1:1<br />

US oil and gas prices<br />

2005 2006 2007 2008 2009 2010 2011 E 2012 F<br />

Source: Bloomberg<br />

Using natural gas as motor fuel (for cars, trucks, buses,<br />

ships) and consequent replacing of oil products with natural<br />

gas are raising. The only restriction is lack of infrastructure<br />

An area for further development is electric cars which can<br />

increase consumption of electricity and as a consequence of<br />

natural gas<br />

In future, gas consumption will grow faster than was expected in 2010<br />

Strategy - Investor Day 2012

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