PTTEP Operations Overview

Energy Transition 2 Global 1 Climate change is Top Agenda GHG Reduction to sustain E&P business • Gas is a transition fuel ⚫ Electrification is the future Stakeholders demanding lower carbon footprint • New Policy & Incentives for green investment Easy Access & Cheap Funding from Investor - - Thailand • 2030 GHG reduction target 20% • Net-zero emission year being defined • Climate Change Act being prepared • Govt. plans to Change fuel mix Support goods from - low-carbon processes Encourage Carbon Capture and Storage Hydrogen H₂ zero emission Shifting to low carbon energy Renewables growing at 10% CAGR from 2010- 2040 H₂ Society becomes aspiration for many countries ⚫ Renewables growing at 2-3% CAGR (2019-2050) • H, Symposium & H₂ Thailand Working Group established among private sectors Fossil Fuel demand will peak ⚫ Peak Oil: 2028-2040+ by speed of growth in EVs • Peak Gas: 2037-2040+ by growth in renewables Peak Oil: 2034 by clean energy & policy • Peak Gas: 2040+ by technology development 7 PTTEP Energy Partner of Choice Source: Various Org. Consultant (IEA, McKinsey, Wood Mac, BCG, Rystad, etc.) and PTT TTS #2 cloud scenario

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