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www.bp.com/trading

LNGDelivering innovative energy solutions in a complex market

Freeport USA

Angola

East Coast USA

India

Japan

Taiwan

Thailand

Korea

Mainland China

Singapore

South American

Dominican Repubic

Trinidad

Spain

UK Netherlands

Italy

Kuwait

UAE

Indonesia

North West Australia

Alaska USA

Our LNG portfolio includes a mix of long-term equity projects, merchant supply and mid-term and spot purchases.

We can offer long-term, mid-term and short-term supply, to meet our customers’ needs in an ever-changing market.

A high quality and flexible LNG portfolio

*March 2015, Wood Mackenzie, LNG Seller Dynamics †Does not include spot trades2 Delivering innovative solutions in a complex market

Existing supply

Future supply

Current and future market access†

BP stands out as most successful

marketer of LNG over the last

two years*

Mozambique

Delivering innovative solutions in a complex market4

We actively manage our portfolio on a daily basis by optimizing across our supply and demand positions, ensuring we provide competitively priced LNG to our customers.

The integration of our positions in pipeline gas, oil, products, shipping and foreign exchange markets with our global LNG portfolio enables us to identify optimization and trading opportunities to further develop our offer for our customers.

We can offer combined gas and LNG structures, incorporating flexible pricing indexation, volume and pricing options, pipeline gas alternatives, in-year volume adjustments and other creative solutions. We are also an active participant in allocating supply in order to rebalance regional disparities.

Delivering competitively priced LNG to our customers

Delivering innovative solutions in a complex market

We value long-term customer relationships, and have numerous term contracts with partners across the globe such as utility companies, gas distributors and national oil and gas companies. We are able to supply these customers’ long-term and spot supply needs from our portfolio.

Creating enduring, mutually beneficial partnerships

6

The industry continues to evolve and LNG is becoming attractive to new and emerging markets as an alternative to other fuels. BP offers the deep technical, commercial and project management expertise required to deliver LNG to a new set of global customers that need our support in building and financing new land-based or offshore import infrastructure.

Deep technical, commercial and project management expertise


Our LNG Shipping team leads the industry in providing innovative marine solutions, ensuring that our operations are safe and efficient.

BP Shipping was established over 100 years ago, and our team has been operating an LNG fleet since 2002. We have been involved in the commissioning of numerous LNG facilities and liquefaction projects around the world.

BP Shipping manages the logistics required to move BP’s oil and gas cargoes to market, as well as technical marine assurance on all BP vessels. Our team operates a rigorous ship-vetting and port/terminal inspection programme.

Providing safe and efficient marine operations100

years of BP Shipping

Over

8


BP’s LNG business is based on innovation. We are prepared to take on complex projects at scale and we have the experience and capability to help you be successful.

Innovation

We supplied the first commercial LNG contract based on offshore ship-to-ship transfer.

We have approved and delivered LNG to various configurations of Floating Storage and Re-gasification Units (FSRUs), and to offshore LNG facilities.

Complex projects

We have loaded partial cargoes from more than one load source, blending mixed compositions while continuing to meet import specifications.

Experience and capability

With dedicated LNG legal teams in each of our global offices, our lawyers have deep industry experience. They can structure innovative contracts that help meet our customers’ specific requirements.

Consistently delivering innovative solutions to meet industry challenges

10

commercial offshore

ship-to-ship LNG transfer

1st


Providing bespoke energy risk management solutions

12

Our global structured products team has the expertise in risk management, financial trading and physical markets to develop creative solutions tailored to your specific needs.

That’s why our customers are varied and numerous - from producers, refiners, and importers to utilities, airlines, shipping, mining and light industry companies. Our customers also include banks, hedge funds and private equity firms.

We have provided energy risk management products to customers across various sectors around the globe for over 20 years. With access to over 120 of BP’s financial and physical traders, our team are uniquely positioned to help you manage your oil and gas price exposure. From hedging to more structured solutions we are here to help.

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Houston

Tokyo

Dubai

Seoul

BeijingMadrid

London

Milan

Taipei

Delivering innovative solutions in a complex market14

Trading hub

Regional representation


HOUSTON501 Westlake Park BoulevardHouston TX 77079USA+1 281 366 2000

LONDON20 Canada Square Canary Wharf London E14 5NJ UK +44 207 948 4000

SINGAPORE1, Harbour Front Avenue, 02-01 Keppel Bay TowerSingapore 098632+65 6371 8888

Singapore

www.bp.com/trading

“Any services to third parties provided by our London based team referred to in this presentation concerning BP Risk Management are provided by Britannic Energy Trading Limited (BETL). This entity is authorised and regulated by the UK Financial Conduct Authority to provide certain investment services in the UK. Any investment services described herein are intended for only Eligible Counterparties or Professionals as those terms are defined by the UK Financial Services & Markets Act 2000 and the FCA Handbook, or only for Eligible Contract Participants as that term is defined in the U.S. Commodity Exchange Act.

This brochure contains a financial promotion and its contents have been provided to you for informational purposes only. This information is not advice on or a recommendation of any of the matters described herein or any related commercial transactions, whether they consist of physical sale or purchase agreements, financing structures, investments, financial instruments, hedging strategies or any combination of such matters and no information contained herein constitutes an offer or solicitation by or on behalf of BP p.l.c. or any of its subsidiaries (collectively “BP”) to enter into any contractual arrangement relating to such matters. BP makes no representations or warranties, express or implied, regarding the accuracy, adequacy, reasonableness or completeness of the information, assumptions or analysis contained herein or in any supplemental materials, and BP accepts no liability in connection therewith. BP deals and trades in energy related products and may have positions consistent with or different from those implied or suggested by this presentation.

There is no assurance that the structures described herein will hedge risks that a recipient may incur in the operation of its business. Prior to dealing in any investment or financial instrument or entering into any risk management product arrangement, you should obtain your own tax, legal and investment advice as these products may expose you to inappropriate financial risk.

This brochure also contains forward-looking statements. Any statements that are not historical facts, including statements about BP’s beliefs or expectations, are forward-looking statements. These statements are based on plans, estimates and projections and you should not place undue reliance on them. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast, suggested or implied in any forward-looking statements in this presentation due to a variety of factors. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which BP is engaged; behaviour of customers, suppliers, and competitors; technological developments; the implementation and execution of new processes; and changes to legal, tax, and regulatory rules. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. BP disclaims any intention or obligation to publicly or privately update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

The information contained in this document shall not be modified, reproduced, distributed or otherwise disseminated in whole or in part in any manner by any party without prior written permission from BP. All rights, including copyright, confidentiality and ownership rights, are reserved.”

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Freeport, BP Reach Gas Export Agreement

BP to sign $20 billion LNG supply deal with China’s CNOOC

BP plc unit to export 4.4 million metric tons a

year of liquefied natural gas out of Freeport LNG

terminal Texas. FEBRUARY 12 2013, WALL STREET JOURNAL

The 20-year supply agreement on LNG is a fair deal and a good trade bridge between the UK and China. 17 JUNE 2014, DEALS

Pavilion inks LNG deal with BPSingapore’s Pavilion Energy, a subsidiary of Temasek, said it has signed a deal to buy 0.4 million tonnes per annum of liquefied natural gas from energy giant BP.

24 SEPTEMBER 2014, LNG WORLD NEWS

BP and Kansai Electric sign LNG sale and purchase agreement and cooperation agreements

BP and Tokyo Electric sign 17-year LNG deal

Under the agreements, BP will provide Kansai Electric with

up to 13 million tonnes of LNG over 23 years, from BP’s

diverse portfolio of LNG sources.

28 MAY 2015, BP PRESS RELEASE

Under the agreement, TEPCO will purchase from BP up to 1.2 million

tonnes of LNG per year (mtpa) for 17 years starting in 2017.

12 SEPTEMBER 2014, BP PRESS RELEASE

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BP wins big in Argentina LNG supply tenderBP is to supply approximately 5.57 million tonnes of LNG in

2014 and 2015 to YPF – Argentina’s state-run energy firm.

23 OCTOBER 2013, BUSINESS NEWS

BP stands out as most successful marketer of LNG over the last two years

MARCH 2015, WOOD MACKENZIE

– LNG SELLER DYNAMICS

Egypt agrees deal with BP for LNG supplyBP will supply 16 cargoes under a two-year deal with the state-run Egyptian Gas Holding Company EGAS.

22 JUNE 2015, REUTERS

BP’s British Merchant was the second liquefied natural gas carrier to go through the newly expanded Panama CanalThe 135,500-cbm LNG tanker carried the load of LNG from Trinidad and Tobago to Mexico.

JULY 2016, LNG WORLD NEWS

BP Agrees to $10 billion deal to supply LNG to China HuadianCompany will ship 1 million tonnes per year for 20 years.

21 OCTOBER 2015, BLOOMBERG

The energy of our people makes the difference

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Jonty Shepard Chief Operating Officer LNG [email protected]

BP LNG Origination Team

Jimmy Straughan Head of Origination [email protected]

Frank Vickers Originator - Freeport [email protected]

Jenny Tanous Originator - [email protected]

Rajesh Chandra Originator - [email protected]

Simon Cockcroft Originator - [email protected]

Paul Condron Origination [email protected]

Rodrigo Vilanova Originator - [email protected]

Sonia Wilson Originator - [email protected]

Vikram Balasubramanian Originator [email protected]

Alistair Smith Head of Origination - Middle East, India, Australia & North [email protected]

Flora Zhao Head of OriginationChina & South East [email protected]

Alla Ilina Head of Commercial [email protected]

Shivan Campbell-Platt Originator [email protected]

Anthony Lloyd Head of Origination Europe & [email protected]

Paul Stewart Originator [email protected]

Matthew Potter Originator - [email protected]

Chris Bramley Originator [email protected]

Emily Lau Originator - Singapore [email protected]

Elijas Pudjianto Business [email protected]

Steven Wee Originator - South-East [email protected]

Stuart Walker [email protected]

Jerome Milongo Originator - [email protected]

The energy of our people makes the difference

Tosha Lambeth Trader – Atlantic [email protected]

Tajima Hiroaki Trader – Atlantic [email protected]

Ted Toyoda Head of Trading Pacific [email protected]

James Cheeseman Head of Trading Atlantic [email protected]

Abu-Bakr Al-Akku Trader – Atlantic [email protected]

Augustin Prate Trader – Atlantic [email protected]

Richard Duncan Chief Commercial Officer, [email protected]

Vivienne Shen Trader - Pacific [email protected]

Hector Godoy Trader - Atlantic [email protected]

Dan Butler Trader - Pacific [email protected]

David Knipe Business Leader International Gas [email protected]

Jonty Shepard Chief Operating Officer LNG [email protected]

BP LNG Trading Team

Houston

Singapore

London

HOUSTON501 Westlake Park BoulevardHouston TX 77079USA+1 281 366 2000

LONDON20 Canada Square Canary Wharf London E14 5NJ UK +44 207 948 4000

SINGAPORE1, Harbour Front Avenue, 02-01 Keppel Bay TowerSingapore 098632+65 6371 8888

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