Investor Presentaiton
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Global Energy Scenario - Evolving Narrative
Global energy scenario during 2022-2023 was shaped by several factors:
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COVID-19 pandemic & Geopolitical tensions
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Looming threat of recession
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Supply chain challenges
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Continuing shift towards renewable energy sources
The energy transition has continued
commodities
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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
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Wind and solar power accounted for 90% of the net additions
Oil rose well above USD 100 per barrel in mid-2022
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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
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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)View entire presentation