From an LNG market standpoint, we continued in 2021 to see a robust market signaling that, as the energy transition evolves, LNG remains recognized as vital to global efforts at decarbonization. Whether in Europe or in smaller developing nations, it remains clear that if we are to truly make progress toward decarbonizing our world, LNG is the answer and we need more of it. Freeport LNG is proud to be a leader in this effort with our all electric motor-driven facility – reducing our emissions by over 90% relative to gas-turbine driven LNG production plants. A carbon free energy future requires development and production of LNG today, and we are committed to doing our part in this global effort.

As we publish this annual report, the heartbreaking scenes unfolding in Ukraine and the impact of Russian aggression on European energy supplies and prices are a stark and tragic reminder of the critical importance to our society of maintaining energy security as we navigate the transition to developing alternative forms of energy. LNG, and particularly U.S. LNG, provides the world with a stable and reliable energy source, while offering flexibility in delivery terms and significant environmental benefit.

The foundational core and top priority for us is safety. In July, we marked 13 years without an employee recordable incident. This is an amazing achievement and one that we celebrated across our organization. Freeport LNG’s safety record remains in the top quartile in our industry. Our company’s success is directly aligned with safe operations. There are no exceptions and no compromises. Every employee plays an important role in maintaining our commitment to safety, and that is certainly evidenced by the milestone we achieved in July.

By mid-year, we were able to mark another notable operational milestone. In June, after over a year of having our office staff work remotely, everyone returned to the office. We thoughtfully and diligently prepared for everyone’s return, implementing appropriate health and safety protocols reflective of current conditions. In recognition of the continued productivity of our workforce while working remotely throughout the pandemic, office employees have been given the flexibility to balance in-office work with options for remote-work as appropriate. This has proven to be an effective strategy for our return to the office that recognizes the sustained accountability and productivity demonstrated by our personnel throughout 2020 and the first half of 2021.

We also made progress in 2021 on several projects and initiatives to account for, monitor, and reduce our emissions. These projects include Carbon Capture and Sequestration (CCS), Greenhouse Gas Accounting and Carbon Footprinting, and our Noble Gas (or Helium) Project. Freeport LNG is leading the industry as a reliable and environmentally progressive LNG exporter.

As we look forward to what’s ahead in 2022, we are encouraged to see that the global LNG market remains robust, with LNG serving as a critical element in achieving both energy security and decarbonization. Abundant natural gas is the most environmentally friendly fossil fuel, as it burns cleaner than coal and oil, helping to improve environmental conditions relative to alternative fuel sources. Most importantly, U.S. LNG provides the world a stable, flexible and affordable source of critical energy supply. Opportunities abound for Freeport LNG to build on its success as an industry leader, by delivering reliable and sustainable LNG to countries around the globe.

Thank you for your continued interest in Freeport LNG.