Investor Presentaiton
Demand: Growing Global LNG Market
There is 14.5 Bcf/d of LNG capacity in service today with 6.5 Bcf/d of growth by 3Q25;
AR is a top U.S. LNG supplier with the ability to deliver into the growing demand
U.S. LNG Capacity Through 2027
(Bcf/d)
28
In Service
Under Construction
14.5 Bcf/d
6.5 Bcf/d
CHENIERE
26
FID Approved
2.7 Bcf/d
Waiting on FID (The Big Three Only)
3.7 Bcf/d
SEMPRA
"The Big Three"
Proven Developers - 1st movers
Cheniere, Sempra & Venture
Global lead the LNG export
buildout through financing &
construction execution
24
Total = 27.4 Bcf/d
VENTURE GLOBAL LNG
22
20
18
+6.5 Bcf/d by 3Q25
YE 2025 21.0 Bcf/d
YE 2024 18.3 Bcf/d
Golden Pass 3
YE 2027 27.4 Bcf/d
Cameron 4 (Sempra)
YE 2026 24.7 Bcf/d
Port Arthur 1 (Sempra)
Plaquemines 2 (Venture Global)
Calcasieu Pass 2 (Venture Global)
Plaquemines (Venture Global)
Costa Azul (Sempra)
Corpus Christi 3 (Cheniere)
High Probability Projects
16
Golden Pass 2
YE 2022 14.5 Bcf/di
YE 2023 14.9 Bcf/d
Calcasieu Pass 9
Golden Pass 1
New Fortress FLNG (Floating)
14
Calcasieu Pass 5-8
Calcasieu Pass 1-4 (Venture Global)
12
10
8
00
LO
6
14.5 Bcf/d
Now
In Service
Additional Potential Projects:
- Texas LNG
- Magnolia LNG
Commonwealth LNG
- Penn America LNG
- Lake Charles LNG
- Rio Grande LNG
- Freeport 4
- Delfin FLNG
+12.9 Bcf/d
New Capacity
Added
YE 2027
4
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q 1Q
2Q
3Q 4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
2022
2023
2024
2025
2026
2027
|| Antero Resources (NYSE: AR)
Source: Antero Natural Gas Fundamentals, FERC.
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