Richard Flury

1
Gas and Power
Richard Flury Chief Executive
2
Agenda

• The international strategic context of our target
  to grow total marketed gas volumes by 9-11.
• The elements of our international strategy for
  Gas Power in action in North America.
• Our ability to deliver the 8-10 target growth in
  global equity production volumes - North America
  in context

3
Gas and Power Strategy

• Marketing and Trading
• International Gas and LNG
• Power

Grow through targeted customer acquisition and
innovative offers Secure disproportionate share
of international gas growth Anchor equity gas,
develop advantaged sites, extend marketing offer
4

First 6 months. . .
PetroChina
e-Power
Dominican Republic LNG
Costa Rica
Petro China JV
NUI
Progas
Cove Point
Bilbao
Altra
Spain Energia
E-EnergyTrade
LNG Ship Orders
Baglan
GreenMountain
5

First 6 months. . .
PetroChina
e-Power
Dominican Republic LNG
NUI
Progas
Cove Point
Bilbao
Altra
GreenMountain
Spain Energia
E-EnergyTrade
6
Marketing and Trading

• Focus is on developed and deregulating markets
• Targeted customer acquisition
• Innovative offers
• Differentiation on the basis of
• - Brand
• - Supply positions and global reach
• - Marketing and trading skills
• - Relationships and customer base

7
Gas and Power Our Branded Offer
Innovation
Risk Management
Assets
Power
Upstream Interfaces
Know-How
Performance
Products Services
Digital Business
Solutions
Customers
Downstream Interfaces
Information
Green
8
International Gas/Global LNG
Distinctive international gas pipeline projects
and a global LNG network provide value adding
opportunities
Shah-Deniz to Turkey pipeline
East Siberian pipeline
Cove Point
Abu Dhabi
Egypt
Dominican Republic
Tangguh
Trinidad
Costa Rica
Bontang
NW Shelf
LNG movements
International pipeline projects
Existing
Planned
9
Power

• Opportunity to anchor equity gas
• Lever on Group power/operational efficiency
• - Cogen opportunities
• - Utilization of advantaged real estate
• - Integration with other businesses
• Integrate to energy marketing and trading
• business
• - Convergence of gas and power

10
BP North AmericaSales Volume Growth Projection
11
BP Global Sales Volume Growth Projection