22nd October, 2012

Energy landscape :

Focus on Gujarat

Most Confidential

Economic Overview : India

2

India and China are primary growth drivers of economy as

well as largest energy consumers

China’s per capita energy consumption is aligned with world

India holds huge latent demand for energy

Source: World Economic Outlook Oct 2011, IMF

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

1.8

2.0

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Tonnes

of

Oil E

quiv

ale

nt

Per Capita Energy Consumption

India China World

Huge Untapped potential

Source: BP Statistical Review 2011

-1.0%

1.0%

3.0%

5.0%

7.0%

9.0%

11.0%

13.0%

15.0%

2001 2003 2005 2007 2009 2011 2013 2015

GD

P G

row

th R

ate

Macro Economic Indicators

India China World

Most Confidential

India - Energy Scenario

3

30%

11%53%

1%5%

34%

24%

30%

5%

6% 1%

Primary Commercial Energy Basket (% Share)

Oil

Natural Gas

Coal

Nuclear Energy

Hydro electric

Renewables

Source: BP statistical review, 2011

World

India

Primary commercial energy for 2011: 524MTOE

Source: BP statistical review, HLPL estimates

Coal to remain the mainstay of energy basket

Dependency of Oil need to be reduced with gas

India hold huge latent potential for gas given

Share of gas far lower than global average

Per capita gas consumption is far below world average as well

as neighboring countries

Gas infrastructure is still at the nascent stage

0

500

1000

1500

2000

2500

3000

kgo

e

Per capita gas consumption

World average

Most Confidential

Gujarat - Energy Scenario

4

Gas contributes above Indian average of 11%

20% share of renewable in total power portfolio

35% of power generation capacity is with Private Power

producers

Power surplus state and export power to other part of

country

Power generation capacity : 19000 MW

Most Confidential

Gujarat : Case study for gas

infrastructureGas grid in Gujarat

• Investment: USD Mn 450+

• Pipeline network 2366KM

• Gas sales in 515 cities/towns/villages

Gas Grid Impact 2000-01 2011-12

Pipeline network (km) 395 2366

Total Gas Consumption

(mcmd)10 65

CNG filling stations 4 272

Gas based installed

capacity (MW)1979 5000+

•Share of gas in energy basket : Gujarat (>25%) India (~10%)

•GSPC Gas, largest CGD company in the country , is based only on R-LNG.

7 operating CGD companies

•RLNG consumption by power & fertilizer sector :30% while remaining

70% goes to other sector including distribution

5

Most Confidential

Mundra

GSPC-Adani

Dahej

PLL

Hazira

Shell, Total

Dabhol

GAIL

Kochi

PLL

LNG Terminals in India

6

Most Confidential

Hazira Terminal –A Shell’s Growth

Story• Shareholders: Shell 74%,

Total 26%

• Total Investment: $700mn+

• One of the largest FDI

• Current capacity :3.6 mtpa

• Infrastructure laid out for 5-

10 mtpa

• LNG ship sizes – 75,000 to

215,000 m3

• Connected with major

pipeline Grids

(S.S. Gemmata berthed at Hazira Port)

7