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The LNG Export Opportunity

The LNG Export Opportunity. Frank J. Macchiarola Executive Vice President May 6, 2015 Conference of Western Attorneys General. ANGA Members. U.S. Shale Gas Revolution. 2014 1,253 TCF shale 2,853 TCF total 32% INCREASE i n supply in just four years. Source: Potential Gas Committee.

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The LNG Export Opportunity

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  1. The LNG Export Opportunity Frank J. MacchiarolaExecutive Vice PresidentMay 6, 2015Conference of Western Attorneys General

  2. ANGA Members

  3. U.S. Shale Gas Revolution 2014 1,253 TCFshale 2,853TCFtotal 32% INCREASE in supply in just four years Source: Potential Gas Committee Source: Potential Gas Committee, 2014

  4. Abundant Supply Estimates of U.S. Recoverable Natural Gas (trillion cubic feet) Potential Shale Gas Resources Non-shale Gas Resources Proved Reserves Total Resource (Uncategorized) ‘10 ‘10 ‘11 ‘11 ‘09 ’12 ’13 ‘15 ‘00 ‘02 ‘04 ‘06 ‘08 ’10 ’12 ‘14 ’08 ‘09 ‘10 ‘11 ’12 ’13 ‘14 EIA CERA, MIT NPC, INGAA ICF Potential Gas Committee

  5. Fundamental Shift in Outlookame Change Natural Gas Net Imports (trillion cubic feet) AEO 2005 Imports Actual Exports AEO 2015 Historical Projected Source: EIA, Annual Energy Outlook 2005 & 2013 Early Release

  6. LNG Exports Astoria (Oregon LNG) DOE: Conditionally Approved FERC: Filed Capacity 1.2 Sabine Pass (Cheniere) DOE: Approved FERC: Approved Capacity: 2.2 BCF/d Lake Charles (Trunkline/Energy Transfer Partners, BG Group) DOE: Conditionally Approved FERC: Filed Capacity: 2 BCF/d Cameron (Sempra) DOE: Approved FERC: Approved Capacity: 1.7 BCF/d Coos Bay (Jordan Cove) DOE: Conditionally Approved FERC: Filed Capacity: 1.2 BCF/d Cove Point (Dominion) DOE: Conditionally Approved FERC: Approved Capacity: .8 BCF/d Elba Island (Southern LNG) DOE: Under Review FERC: Filed Capacity: .5 BCF/d Freeport LNG (FLEX Quintana Island) 2 Separate Filings DOE: Approved FERC: Approved Capacity: 1.8 BCF/d Lavaca Bay (Excelerate Liquefaction Solutions) DOE: Under Review FERC: Filed Capacity: 1.4 BCF/d Waiting all Final Approvals Approved by FERC and waiting DOE Approval Carib Energy (Crowley Maritime Corp.) DOE: Approved Will provide LNG transport services Capacity: .04 BCF/d Corpus Christi Liquefaction (Cheniere) DOE: Under Review FERC: Approved Capacity: 2.1 BCF/d Received Final Approval

  7. LNG Export Study Comparison * Relative to EIA supply assumptions

  8. Meeting Global Demand 1. ICF estimate for year end 2011. 2. FTA & non-FTA Applications to DOE as of Mar 31, 2014 3. Dec 2012 ICF estimate based on current worldwide project list. ~Poten, BG Group, Credit Suisse, Facts Global Source: API, ANGA

  9. LNG Global Market

  10. The Energy Policy Debate

  11. Frank J. MacchiarolaExecutive Vice President, Government Affairsfmacchiarola@anga.us701 8th Street NW Washington D.C. 20001202.789.ANGAanga.us

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