Efficient Financing & Incremental Investment Opportunities slide image

Efficient Financing & Incremental Investment Opportunities

LNG + NET-ZERO SOLUTIONS ECA LNG PHASE 1 VALUE PROPOSITION Projects strategically located on the Pacific and Gulf Coasts Access to abundant natural gas supplies in the Western U.S. for Pacific Coast projects Cameron LNG Phase 1 is fully operational, with three LNG trains and 12 Mtpa of capacity¹ ✓ 20-year tolling agreements with investment-grade counterparties, no commodity price or volume risk PROJECT SPOTLIGHT 1,2 ECA LNG Phase 1 3.25 Mtpa expected capacity First LNG projected for 2H-2024 SPAS with Mitsui (0.8 Mtpa) and Total Energies (1.7 Mtpa)³ Amounts are approximate. Million tonnes per annum (Mtpa). Cameron LNG Phase 2 6 Mtpa expected capacity MOUS with TotalEnergies (Nov 2018), Mitsui (Oct 2019) and Mitsubishi (May 2020)4 The ability to complete major construction projects is subject to a number of risks and uncertainties. Please also refer to "Risk Factors" in our most recent Annual Report on Form 10-K and "Capital Resources and Liquidity" in our most recent Quarterly Report on Form 10-Q for a description of the risks and other factors associated with project development, construction and other opportunities. 1. 2. 3. Sales and purchase agreements (SPAs). 4. Subject to negotiating and reaching definitive agreements. The memorandums of understanding (MOUs) do not commit 55 any party to enter into a definitive agreement, or otherwise participate in this project. SEMPRA
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