1August 2012 1Dec 2012 01

ROYAL DUTCH SHELL PLCLONDON DECEMBER 5, 2012

RISING ENERGY DEMAND, SUPPLY PRESSURE, CLIMATE CHANGE

SUSTAINABLE ENERGY FUTURE

Energy demand could doublefrom its levelin 2000.... while CO2emissions must be half today’s to avoid serious climate change

Twice as efficient, using half the energy to produce each dollar of wealth

3 times more energy from renewable sources

9 billionpeople, 75% living in cities

(2 billion more than today)

2 billion vehicles

(800 million at the moment)

Many millionsof people will rise out of energy poverty; with higher living standards energy use rises

climate change

Dec 2012 02

DEMAND GROWTH

Energy demand outlook in million boe/d

� Energy demand +60% 2010 – 2050

� Hydrocarbons dominate outlook

� Gas demand doubling 2010-2050

MAJOR OPPORTUNITY FOR SHELL

GLOBAL ENERGY OUTLOOK

Shell activities

Oil

Nuclear

Other renewables

Solar

Natural gas

Wind

Biomas

Coal

Dec 2012 03

REGIONAL GAS DEMAND DEVELOPMENT

ASIA DEMAND

Bcf/d

Asia SupplyOther AsiaOther SE AsiaMalaysia

NORTH AMERICA DEMAND

N.A. Supply

Bcf/d

IndiaChinaTaiwanKoreaJapan

OtherPowerIndustrialTransport

EUROPE DEMAND

Bcf/d

MIDDLE EAST DEMANDBcf/d

UAE

Dec 2012 04

Residential & CommercialPowerIndustrial

Europe Supply IranOmanIsraelOther ME

UAESaudi ArabiaIraq

GAS RESOURCES ARE PLENTIFUL, GROWING AND GEOGRAPHICALLY DIVERSE

HUGE GLOBAL GAS RESOURCES

Conventional Gas

North America

South America

EuropeEurasia

AfricaAsia Pacific

Middle East

Conventional Gas Resources

Tight/Shale Gas and CBM Resources

Source: IEA World Energy Outlook, WoodMackenzie, Shell Interpretation

� Conventional and unconventional recoverable gas resources can supply >250 years of current global gas production

� Tight/Shale gas and CBM are transforming the global gas market

� Shell believes that increased use of natural gas, replacing coal, for electric generation is crucial to lowering global CO2 levels

REMAINING RECOVERABLE

RESOURCES (TCM)

EQUIVALENT IN YEARS OF CURRENT

PRODUCTION

Conventional 404.5 130

Tight/Shale Gas and CBM Resources

380.5 123

Total 785 253

Dec 2012 05

Deep Basin

GroundbirchCanol

Montney

SHELL’S GLOBAL TIGHT GAS + LIQUIDS-RICH SHALES PORTFOLIO

KEY SHELL POSITIONS

Ukraine

China tight gas

FoothillsDeep BasinMontney

BAKKENPinedaleNiobrara

Monterey

Haynesville

MarcellusUTICA

MISSISSIPPI LIMEWOLFCAMP

Eagle Ford

COLOMBIA

Germany

TURKEY

Egypt

Oman

South Africa (JAA) Study

Tight Gas

Liquids potential

NEUQUEN

South Africa (JAA) Study

Dec 2012 06

GAS VALUE CHAINS

Dec 2012 07

SHELL LNG GROWTH + POTENTIAL

GLOBAL LNG PORTFOLIO

LNG Canada

� 22 MTPA ON STREAM

� 7 MTPA UNDER CONSTRUCTION + 33%

� 20+ MTPA OPTIONS�

SHELL GLOBAL LNG CAPACITY GROWTH

Gorgon

Prelude Browse

AbadiSunrise

Arrow

Wheatstone

US LNG

� 20+ MTPA OPTIONS

� SHELL 7% GLOBAL MARKET SHARE

On stream

Under construction

Options

2011-12 portfolio development

SHELL LNG LEADERSHIP

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Dec 2012 08

On stream OptionsUnder construction

mtpa

year end mtpa

2011 2017

PRELUDE FLNG

� 2011: FIRST INDUSTRY FID ON FLNG ON PRELUDE

� CONSTRUCTION SOUTH KOREA: OPTIONS FOR FURTHER PROJECTS

� TARGETING NEW EXPLORATION FOR FLNG

FLOATING LNG LEADERSHIP

Dec 2012 10

NORTH AMERICA LNG POTENTIAL

Dec 2012 09

PEARL GTL

August 2012August 2012

120,000 BOE/D OF NATURAL GAS LIQUIDS AND ETHANE AND 140,000

B/D OF LIQUID HYDROCARBON PRODUCTS

MAJOR CONSTRUCTION COMPLETED END 2010, PRODUCTION RAMP

UP IN 2011

WORLD’S LARGEST GTL PLANT

Dec 2012 11

WHAT IS GTL?

THE GTL PROCESS:CONVERTS NATURAL-GAS TO OIL PRODUCTS VIA CHEMICAL TRANSFORMATION

Dec 2012 12

GAS TO CHEMICALS

Moerdijk/Pernis

Mossmoran

Sadaf

Qatar

Singapore

Nanhai

US

US Gulf Coast

Scotford

� Key Site

� Options

Singapore

Dec 2012 13

GAS TO TRANSPORT

Dec 2012 14

LNG TO TRANSPORT – SHELL OPPORTUNITIES

DRIVERS OF REGIONAL DEMAND VARY

ROAD TRANSPORTNORTH AMERICA SUPPLY

EUROPE “CLEANER COMPETITIVE FUEL”

GROWTH MARKETS “DEMAND”

Dec 2012 15

SHIPPING (LNG-fueled barge currently under construction)

LEADER IN GLOBAL GAS

� International gas value chains

� Deep relationships with key customers

� Global presence + portfolio approach� Global presence + portfolio approach

SHELL POSITIONED FOR RAPID

& PROFITABLE GAS GROWTH

Dec 2012 16

ROYAL DUTCH SHELL PLCQ&A

Dec 2012 17