FUEL SALES (TWh HHV)

2017 2022 2025 2030

T W h H H V

403

337

13

1 1

Natural gas

Coal

Biomass

Biomethane 1G

Hydrogen

ELECTRICITY GENERATION (TWh)

MIX EVOLUTION (%)

2017

0%

100%

2022 2025 2030

Thermal (fossil-based) Thermal (low-carbone*)

Nuclear Hydropower Solar Wind Power

* Low carbon = biomass, biomethane, hydrogen

& natural gas + CCS

64%

48%

17%

22%

10%

15%

16%

3%

2%

UNDERSTANDING THE CARBON FOOTPRINT OF LIQUEFIED NATURAL GAS

Following the war in Ukraine ENGIE had

to renew 20 of its supply contracts

in 2023 The strategy of renewing the

Groups natural gas supply portfolio is

compatible with a decreasing demand

for natural gas in Europe between

now and 2045 This strategy includes

the mobilization of additional volumes

from the North Sea as well as new

LNG contracts put in place with companies

particularly American ones

Based on internal data available to

date for the entire life cycle from

extraction to combustion the difference

in emissions between LNG from the

USA and natural gas from Russia is

estimated at approximately 10

These contracts do not call into question

the Groups ability to achieve its

Net Zero objective by 2045 nor its

greenhouse gas emissions objectives

for 2030 and end before 2045 In the

meantime they offer to the Group the

flexibility to be able to reroute these

volumes

Thus, in parallel with the

development of renewable

electricity, the Group’s energy

mix is decarbonizing over the

period 2017-2030, thanks to

the end of coal consumption and

a 30% reduction of natural gas

consumption for both energy

generation and fuel sales.

Furthermore, the rate of greening

of the gas transported and

distributed by the Group will

largely depend on public policies

and the regulatory framework in

place. The current gas flows from

the gas distribution and transport

networks in France already

include a share of biomethane;

proportion that will grow in the

coming years, to reach 100%

renewable gas by 2050. ENGIE

has also committed to reducing

methane emissions from its

controlled gas infrastructures

around the world by 30%

between 2017 and 2030.

FUEL SALES WILL ALSO BE STRONGLY

DECARBONIZED.

Three main factors contribute to the

decarbonization of fuel sales: cessation

of coal sales since 2017, reduction

in fossil gas sales (linked to energy

sobriety and efficiency as well as

the transfer to other energy vectors),

greening of sales (biomethane and

renewable hydrogen).

This last lever will build up between

2022 and 2030, before becoming the

first decarbonization lever between

2030 and 2045. The share of renewable

gases should represent at least 10% of

the Group’s gas sales by 2030.

As a reminder, the Group has an

objective of 52Mt CO

2

eq. in 2030 linked

to use of sold products (fuel sales).

THESE INVESTMENTS ALLOW THE

GROUP TO CONTINUE TO DECARBONIZE

ITS ENERGY PRODUCTION.

Renewable electricity (wind, hydraulic

and solar) will develop very widely to

reach around 65% of ENGIE’s production

in 2030.

Low-carbon thermal electricity

(electricity from biomass, biomethane,

renewable hydrogen, as well as

natural gas + CCS) will accelerate

its development from 2030 and will

then represent between 5 to 10%

of the fuel consumed.

As a reminder, the Group has an

objective of 43Mt CO

2

eq. in 2030

linked to energy generation.

84 - CLIMATE NOTEBOOK