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Investor Presentaiton

. • Global Energy Scenario - Evolving Narrative Global energy scenario during 2022-2023 was shaped by several factors: • COVID-19 pandemic & Geopolitical tensions . Looming threat of recession • Supply chain challenges • Continuing shift towards renewable energy sources The energy transition has continued commodities - many governments seek alternatives to volatile energy The economic competitiveness of key clean energy technologies improves against fossil fuels Global renewable energy capacity increased by 9.6% last year - almost half of the new capacity was added in Asia • Wind and solar power accounted for 90% of the net additions Oil rose well above USD 100 per barrel in mid-2022 • Coal prices also hit record levels • Gas markets were at the epi-center of global energy turmoil as Russia cut down gas supply to Europe . Global prices for spot purchases of natural gas touched 70 $/MMBtu In 2022, the LNG market saw a great deal of term contracting activity Total 52 LNG SPAs signed with tenures of 10 years or longer (> 65 MTPA vis-a vis 41 MTPA in 2021)
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