1

Amos HochsteinSpecial Envoy and Coordinator for International Energy AffairsBureau of Energy ResourcesU.S. Department of State

Geopolitics and Energy

2

Global Growth in LNG Supply

Source: PIRA

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -

50.0

100.0

150.0

200.0

250.0

300.0

350.0

400.0

Billi

on C

ubic

Met

ers

a Ye

ar

Qatar

Australia

United States

Three countries represent 60% of global LNG supply by 2020.

3

Global Gas Markets

Source: Media and industry estimates.

LNG Spot Prices $US/mmbtu

Northeast Asia LNG:June 2015 – $7.75

June 2013 – $14.50 Jan. 2013 – $18.70

Southwest Europe LNG:June 2015 – $6.70

June 2013 – $11.55 Jan. 2013 – $14.40

Britain’s NBP:June 2015 – $6.60June 2013 – $9.69 Jan. 2013 – $10.77

Dutch TTF:June 2015 – $6.54

June 2013 – $10.19 Jan. 2013 – $10.25

Australia:East Coast – $7.75

4

Global Estimated Proved Gas Reserves 2014

Source: Oil & Gas Journal, Dec. 2014

Russia

Iran

Qatar

United States

Venezuela

Nigeria

Mozambique

ChinaEastern Med

Argentina

Australia

Russia 47776Iran 33759Qatar 25053United States 10533Venezuela 5558Nigeria 5061China 4397Mozambique 2830Australia 1205Argentina 379Israel 285

Eastern Mediterranean 2695

Middle East 80018Eastern Europe / Eurasia 61941Western Hemisphere 20690Africa 17147Asia-Pacific 15259Western Europe 3720World 198776

Billion Cubic Meters

Unconventional hydrocarbon resources are largely “unproven resource potential” globally, except where considerable drilling has been done and resources sufficiently proven up to justify being called “reserves.”