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India Natural Gas Market 5th largest energy consumer; Gas has 11% share in energy consumption mix; Growing demand at

CAGR 7% from 226.7 MMSCMD (2012-13)to 474 MMSCMD (2029-30); large demand-supply gap.

Imported Gas/ LNG - LNG share in Indias energy imports to grow from 35% (2014-15) to 38% (2015-16) to 45% (2029-30);

Currently, 6thlargest LNG importer importing 13.5 MMTPA(2013)expected to go up to 47.50 MMTPA (2015-16).

LNG Infrastructure Significant new investments; 4 operational LNG Import terminals; 10 new LNG import terminals under

planning/ development; Import terminalscapacity expansion from 13.60 MMTPA (2012-13)to 73 MMTPA (2029-30).

Current Import markets (& Investments)Qatar, Australia, Russia, USA, Canada (Planned), Africa (Planned); Over 15 MMTPA

contracted on long and short term.

India Natural Gas/ LNG Overview

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Source:McKinseyAnalysis,Direct

orateGeneralofHydrocarbons(GovtofIndia),GoldmanSachs,PetronetLNG

Large demand for Imported LNG but

sensitive to Price

Key Challenges International LNG Sourcing tie-

ups; Pricing of Imported LNG and affordability of

Indian customers; Competitive pricing of alternate

fuels; Other importer countries.

PricingCurrent average delivered price of USD

16-18 per MBTU (USD 12 from Qatar); Indian Govt

provides subsidy of USD 6-8 per MBTU. LNG

Import Pricing model moving from Crude to Hybrid.

Natural Gas/ Imported LNG Supply (2012-2030)

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India LNGOpportunities for B.C.

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Major Stakeholders in Indian Natural Gas and LNG Sector

Ministry of Petroleum and Natural Gas (MoPNG)

Directorate General of Hydrocarbons (DGH)

Petroleum Federation of India (Petrofed)

Petrotech

Association of Oil & Gas Operators of India (AOGO)

Indian Oil Corporation Ltd Canada (Pacific Northwest LNG), USA

Gas Authority of India Ltd (GAIL) USA (Cheniere Energy and Dominion

Cove), Russia (Gazprom)

Petronet LNG Qatar (RasGas), Australia (Gorgon LNG)

Oil India Ltd Mozambique (in partnership with Indian Oil and ONGC)

Oil & Natural Gas Corporation (ONGC)

Bharat Petroleum Corporation Ltd (Bharat PetroResources Ltd)

Hindustan Petroleum Corporation Ltd

Adani Enterprises Ltd

Reliance Enterprises Ltd

Gujarat State Petroleum Corporation Ltd (GSPC)

Indian Oil - Largest Indian Investor into Canada

with Investment of USD 4 billion in Pacific

Northwest LNG Project, British Columbia.

B.C. India Partnership Opportunities in Natural Gas and LNG Sector

Government & Industry Groups Key Investors and Importers

Investment Trade Innovation/ R&D + Education/ Training

Investment (and LNG Offtake) by Indian

Organizations into B.C. LNG Projects.

Indian companies are in investment

discussion with B.C. LNG proponents for

investment like Apache, Shell, and BG.

Strong investment interest of owners of LNG

Import terminals on Indiaseast coast.

Export of equipment, technologies, solutions

and services from B.C. to India

Trade in natural gas exploration/ processing/

production, LNG Infrastructure, pipelines,

terminals, liquefaction plants

Partnerships b/w B.C. & Indian R&D Centres

of large Indian organizations in related areas

(exploration, processing, refining and so on).

Partnerships b/w B.C. - Indian Universities

and Indian Organizations for delivering

professional training & technical expertise in

gas exploration, production, LNG and so on.