Investor Presentaiton

Rio Grande LNG Expected EPC Cost¹ Lump-sum turnkey (LSTK) EPC agreements enhance certainty of project execution for first three (3) Trains All five (5) Trains using proven and dependable Air Products C3MR™ technology and Baker Hughes rotating equipment BECHTEL Summary of LSTK EPC Agreements Trains 2 Trains 3 Capacity Up to 11.74 mtpa (5.87 mtpa per train) Capacity Up to 17.61 mtpa (5.87 mtpa per train) EPC cost 2 Cost per tonne 2 ~ $7.5 billion $638 EPC cost 3 Cost per tonne ~ $10 billion $568 Two (2) Train workplan includes full site preparation, which is expected to reduce cost per tonne of the remaining trains Rio Grande LNG is expected to be one of the lowest cost greenfield LNG project built on the U.S. Gulf Coast Full 5 Train EPC Costs estimated to be $500/tonne4 ~ 1 Bechtel EPC contract price validity expired December 31, 2021. Final EPC contract pricing to be determined prior to FID. | 2 The expected EPC cost for 2 trains includes two 180,000 cubic meter storage tanks and one marine berth. | 3 The expected EPC cost for 3 trains includes two 180,000 cubic meter storage tanks and two marine berths. | 4 Assuming nameplate capacity and estimated total EPC cost for five (5) Trains. 8 RIO GRANDE LNG

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