Copyright Shell Energy Europe B V Selling gas

Copyright: Shell Energy Europe B. V. Selling gas in Europe - and getting it there Jorge Santos Silva Vice President Shell Energy Europe

Setting the scene: Europe is facing a gas supply gap and growing concerns over supply security BCM 900 800 Demand 700 600 500 400 Contracted Supplies 300 200 Indigenous Production 100 11/4/2020 Source: Wood Mackenzie Excludes contract-extensions 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 0

Changing environment and competitive landscape Perspective of a pan-European marketer SEE and/or JV Activity Regas capacity rights 2003 Regas capacity development 2008 Equity gas production area Shell JV Interest Power Wind Norway UK Gas. Unie-GTS Gas. Terra Finpipe Fluxys/Distrigas NL Belgium Norway BEB Storage BEBTansport Avacon/BEB VNG/BEB DFTG/BEB Gas. Terra UK 11/4/2020 ESBi NL Germany Ukraine Austria France Spain BEB Storage Hungary France Italy Attiki Spain ESBi Italy Attiki Turkey

Adequate investment in large infrastructure • Long Haul Pipelines: which comes first: molecules or transport? • LNG: in a progressively globalized business balance between value vs cost of optionality • Storage: scarce resource and inadequate development • Interconnectors: adequate development is needed 11/4/2020 Coordination and co-operations is key

Transparent access to infrastructure • Unbundled TSOs provide for the correct environment • Transport capacity & Interconnectors: • access • harmonised, simplified rules and procedures • adequate easily accessible transparent information • integrated tools • Storage: more flexibility and new products 11/4/2020 More pragmatic regulation is key

…so what does an infrastructure user need • Sufficient capacity & adequate access for bringing gas to Europe and to transport it within Europe • A simple, transparent process to book capacity • A simple, transparent process to manage capacity • Improved cross-border transport • Harmonisation of gas quality specifications 11/4/2020 Strong active forward looking SO who works closely together with market players and counterparties on European and regional level

11/4/2020 File name Slide 7 Thank you