2022 Investor Day Presentation

NATURAL GAS FUNDAMENTALS Natural gas markets showing strength through 2050 Natural gas production by basin, North America Bcf/d 120 90 861 60 30 0 2022 2030 Natural gas demand by sector, North America Bcf/d 150 Appalachia 100 Haynesville 50 Montney Permian 2050 LNG exports by terminal, North America Bcf/d 30 20 10 0 2022 2030 2050 2022 2030 2050 Global LNG demand LNG Canada Bcf/d Golden Pass 150 Driftwood New/expansions Cameron 100 Freeport Corpus Christi 50 50 Calcasieu Pass Sabine Pass Other(2) 0 2022 2030 2050 LNG exports Transportation Hydrogen generation Other (1) Commercial Residential Industrial Electric power Asia Europe Other (1) Includes energy sector uses, distribution losses, and statistical differences. (2) Includes Costa Azul, Cove Point, Elba Pass, Plaquemines, and Woodfibre. Sources: IHS Markit's North American Natural Gas Long-Term Outlook, Energy and Climate Scenarios, and LNG Supply-Demand Gap, 2022 (now a part of S&P Global Commodity Insights), O2022 by S&P Global Inc. All rights reserved.; Internal forecasts 12

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