Q1 Highlights and Growth Prospects

ENBRIDGE® LNG Exports: W. Canadian Fundamentals Abundant Supply Bcf/d of natural gas production by basin Others Deep Basin 25.0 20.0 15.0 10.0 5.0 Montney Proximity to Asia³ Journey time to Northeast Asia ~50% reduction in shipping emissions ~2 weeks LNG Export Breakevens4 Delivered Ex-Ship Breakevens ($/mmbtu) ~5-6 weeks Range of USGC Facility Breakevens ~4 weeks 2021 2025 2030 2035 2040 Production expected to increase 50% by 2040 Long-lived resource (1,100 Tcf1) Developed by well-capitalized producers (public/private/NOCs²) West Coast USGC via Panama Canal USGC via Suez Canal ⚫ Enables USGC LNG to divert to Europe Significantly lower transit times; reduces Panama Canal congestion Lower transit times drive ~60% lower shipping costs4 Woodfibre LNG Canada Competitive with existing and proposed USGC LNG facilities Among most sustainably produced supply of natural gas Woodfibre NTP5 announced in April W. Canada can play a meaningful role in providing sustainable LNG supply to global markets (1) Canada Energy Regulator (2) National Oil Companies (3) Wood Mackenzie (4) Rystad Energy GasMarketCube; Breakevens represent both operating and proposed LNG facilities (5) Notice to Proceed to main contractor 12

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