A Compelling Investment Opportunity

KINDER MORGAN U.S. Natural Gas Demand is Concentrated in Gulf Coast >70% of forecasted 2018-2030 growth is in Texas and Louisiana, where we have significant assets in place Forecasted Texas and Louisiana demand and export growth between 2018 and 2030: LNG Export Demand +581% +15 Bcfd Industrial Demand +30% +2 Bcfd Other Demand +66% +2 Bcfd Exports to Mexico +61% +2 Bcfd Transport Demand +1,346% Power Demand +21% +1 Bcfd L +0.4 Bcfd Natural Gas Pipelines Under Construction LNG Terminals Processing/Treating Plant • Gas Storage Source: Wood Mackenzie, North America Gas Markets Long-Term Outlook, Summer 2019. 13

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