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Coastal Bend LNG selects ConocoPhillips’ Optimized Cascade® Process technology

Today, Coastal Bend LNG announced it has selected ConocoPhillips’ Optimized Cascade® Process liquefaction technology for its planned natural gas liquefaction and export facility on the Texas Gulf Coast. Coastal Bend LNG’s planned development includes multiple liquefaction trains, cogeneration, LNG storage tanks, and export facilities.

“ConocoPhillips’ technology and expertise provides us with the confidence that the Optimized Cascade® Process will deliver world-class LNG facility performance while mitigating greenhouse gas emissions,” said Nick Flores, CEO of Coastal Bend LNG.

“ConocoPhillips is pleased to support Coastal Bend LNG with our high-efficiency Optimized Cascade® design that includes our latest low emission design and operating features,” said Darren Meznarich, manager of ConocoPhillips LNG Technology and Licensing.

Coastal Bend LNG expects to pre-file its Federal Energy Regulatory Commission (FERC) permits during 2025.

About Coastal Bend LNG

Coastal Bend LNG is a privately held energy infrastructure development company dedicated to delivering low-carbon energy to the world. With a focus on sustainability, innovation, and operational excellence, the company is at the forefront of unleashing American energy dominance. For more information, visit www.coastalbendlng.com.

About ConocoPhillips

As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas. Our deep, durable and diverse portfolio is built to meet growing global energy demands. Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. For more information, go to www.conocophillips.com.

Optimized Cascade® is a registered trademark of ConocoPhillips Company in the United States and certain other countries.

CONOCOPHILLIPS CAUTIONARY STATEMENT FOR THE PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as "anticipate," "estimate," "believe," “budget,” "continue," "could," "intend," "may," "plan," "potential," "predict," “seek,” "should," "will," “would,” "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and other similar words can be used to identify forward-looking statements. Forward-looking statements are based on certain assumptions and expectations of future events which may or may not be accurate or realized, and involve risks and uncertainties, many of which are beyond ConocoPhillips’ control. A discussion of factors that may affect future results is included in ConocoPhillips’ filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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