Investor Presentaiton

Global Energy Scenario - Demand Growth • • • Though developed countries will become more efficient, developing countries, which represent 80% of the world's population, will use more energy as they pursue better living standards • Brazil, China, India, Indonesia, Mexico and South Africa together consume more than one third of the world's energy. expected to rise to 40% #. • With demand growing as energy needs expand, Asia presents the opportunity to grow the LNG market as natural gas can be used to replace coal and wood to reduce the emissions. Share of gas in developed market may decline as these countries scramble to meet net zero goals It is going to increase in developing world as their net zero targets are bit far in terms of timeline While lower-emission sources play important roles, natural gas will remain a significant part of the energy mix for decades, reinforcing the need for continued investment ☐ Key to gas growth: maintaining an affordable, resilient supply that's sustainable for the planet (Source: BP Energy Outlook 2023, ExxonMobil Outlook for Energy 2022, Shell LNG Outlook 2023, #www.iea.org/programmes/energy-efficiency-in-emerging-economies

View entire presentation