GAIL Financial Overview

Changing Global Energy Scenarios • Government ambitions globally have grown markedly pointing to new, increased momentum in tackling climate change. • The structure of energy demand is changing, with the importance of fossil fuels gradually declining, replaced by a growing share of renewable energy. • Natural gas will continue to play a critical role for decades, but in lower volumes as society reduces its reliance on fossil fuels Use of natural gas is expected to be supported by increasing demand in fast growing emerging economies - as they continue to industrialize and reduce their reliance on coal. (Source: BP Energy Outlook 2022)

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