KMI: 2020 Guidance - Published Budget

Growing U.S. LNG Exports are in Demand U.S. LNG exports expected to more than quadruple by 2025 GLOBAL NATURAL GAS DEMAND Bcfd 365 (4) 10 LO 5 30 406 PROJECTED U.S. LNG EXPORTS Bcfd ~13.5 Bcfd already operating, under construction or FID 3.0 16.3 KINDER MORGAN 18.8 2018 global demand Declines at existing LNG terminals U.S. LNG under construction or FID Additional U.S. LNG expected Other sources 2030 global demand 2018 2025 2030 Source: U.S. EIA (global natural gas demand, U.S. liquefaction capacity), Wood Mackenzie, North America Gas Markets Long-Term Outlook, Summer 2019 (projected U.S. LNG exports), International Energy Agency, World Energy Outlook 2019 (declines at existing liquefaction facilities) 17

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