XRG Completes Acquisition Of An Additional Equity Interest In Trains 4 And 5 Of Rio Grande LNG

XRG:

• STRENGTHENS US LNG POSITION WITH SECOND RIO GRANDE LNG TRANSACTION COMPLETION

• NOW HOLDS INTERESTS ACROSS ALL FIVE TRAINS CURRENTLY UNDER CONSTRUCTION AT 30 MTPA RIO GRANDE LNG PROJECT

• COMPLETED ACQUISITION OF AN ADDITIONAL EQUITY INTEREST IN TRAINS 4 AND 5 OF RIO GRANDE LNG

• TOGETHER, TRAINS 4 AND 5 ARE EXPECTED TO HAVE TOTAL LNG PRODUCTION CAPACITY OF APPROXIMATELY 12 MTPA

• EACH TRAIN HAS SECURED LONG-TERM LNG OFFTAKE AGREEMENTS WITH HIGH-CREDIT-QUALITY CUSTOMERS

• WITH THIS TRANSACTION, XRG INCREASED ITS OVERALL PARTICIPATION IN RIO GRANDE LNG, BY ACQUIRING ADDITIONAL 7.6% EQUITY IN TRAINS 4 AND 5 OF PROJECT

• RIO GRANDE LNG IS EXPECTED TO BEGIN PRODUCTION IN 1H 2027