Shell Buys Gazprom's First LNG to the US

Shell Buys Gazprom's First LNG to the US

HOUSTON, Sept. 2 /PRNewswire/ -- Gazprom Marketing & Trading Ltd, a marketing company of Russian gas giant Gazprom, and Shell Western LNG BV today announced the first shipment of Gazprom-owned LNG into the US market. This LNG cargo will enter the US market through the Cove Point LNG import terminal, where Shell NA LNG LLC owns 1/3 of the regasification capacity.

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The Gazprom cargo will be purchased by Shell and marketed by Shell's North American Trading organization Coral Energy Holding, L.P. The arrival of this LNG cargo marks a historic first step in Gazprom's presence in both the US market and the global LNG industry, and further strengthens the growing global cooperation between Gazprom and Shell.

"Today's event starts a new era in Gazprom's foreign economic activity. It will go down the pages of history as the beginning of Gazprom LNG sales to the US market. In the near future these sales will be made on a regular basis and, after Gazprom starts its own LNG projects, these sales will be based on the LNG produced in Russia," said Alexander Medvedev, Deputy Chairman of Gazprom Management Board, CEO of Gazexport.

Linda Cook, Executive Director Shell Gas & Power commented: "We are extremely pleased to partner with Gazprom in the delivery of their first cargo of LNG to the United States. This deal marks another milestone in the strengthening relationship between Gazprom, the world's largest natural gas company and Shell, the global leader in LNG. It is also evidence of Shell's continued efforts to strengthen security and diversity of supply to the US, the world's largest natural gas market."

In light of Gazprom's goal to be a major provider of LNG in the US and global LNG markets, and Shell's global leadership in LNG, both companies are keen to build on this successful cooperation. They will continue to actively pursue additional opportunities in order to provide LNG that helps meet growing demand in the US and other major energy markets worldwide.

Notes to Editors
Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 145 countries with businesses including oil and gas exploration and production; production and marketing of Liquefied Natural Gas and Gas to Liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects including wind and solar power. For further information, visit http://www.shell.com/

Disclaimer statement

This announcement contains forward-looking statements, that are subject to risk factors associated with the oil, gas, power, chemicals and renewables business. It is believed that the expectations reflected in these statements are reasonable, but may be affected by a variety of variables which could cause actual results, trends or reserves replacement to differ materially, including, but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, risks associated with the identification of suitable potential acquisition properties and targets and the successful negotiation and consummation of transactions, the risk of doing business in developing countries, legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates. Please refer to the Annual Report on Form 20-F for the year ended December 31, 2004 (as amended) for a description of certain important factors, risks and uncertainties that may affect the Shell Group's businesses. Neither Royal Dutch Shell plc nor any member of the Shell Group undertakes any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or other information.

Cautionary Note to US Investors:

The United States Securities and Exchange Commission ('SEC') permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as "expected producible resources" and "amount of reserves we expect to produce", that the SEC's guidelines strictly prohibit us from including in filings with the SEC.

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Source: Shell

CONTACT: Lisa Givert, Shell International Media Relations,
+44-0-20-7934-2914

Web site: http://www.shell.com/

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