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Investor Presentaiton

Sources of Revenue for the World's Greenest LNG Facility 27 mtpa of LNG at 5 Train capacity • LNG sales - Portfolio of SPAS U.S. Gov't Incentives LNG Sales RIO GRANDE LNG Carbon Credits - Greater than 5 million tonnes of CO2 captured and stored annually at full 5 Train capacity - Independent measurement and certification of GHG intensity of gas supply chain Carbon Credits Each carbon credit: Represents one tradeable tonne of CO2 from emissions reduction from an independently verified project Can be bought by any person, company, or government that wants to offset the emissions they are generating Available for sale to: Rio Grande LNG's customers Global Carbon Credit markets U.S. Government incentives $50/MT1 of CO2 captured and permanently stored U.S. Tax Code Section 45Q provides a tax credit for CO₂ captured and permanently stored Credits awarded to taxpayer that owns the capture equipment 1 An increase to $85/MT is currently being discussed in Congress RIO GRANDE LNG 9

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