TheGlobe.com Inc (TGLO)

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b) Status of the long-term contracts associated with the long-term export of LNG and
long-term supply contracts:
Delfin has had discussions with both onshore pipeline companies and gas producers to
evaluate the capacity and commercial terms for the transport of natural gas to Station 44 to supply
feed gas to the Project. Delfin has commenced commercial negotiations for gas transportation and
gas sales services, and Delfin is confident it will be able to secure firm supply agreement(s) once
initial offtake agreements are in place.
Delfin is confident about the prospect of entering into long-term sales and purchase
agreements necessary to make a final investment decision. The LNG marketplace has improved
significantly over the past year. Furthermore, the latest developments in Europe make U.S. based
LNG projects increasingly attractive and necessary to LNG buyers and European end-users.
In addition to the strong interest from LNG buyers, Delfin has increased its collaboration
with U.S. gas producers, who will play an increasingly important role in the LNG value
chain. Delfin is in advanced negotiations with several potential LNG offtake and liquefaction
capacity customers for binding agreements. Delfin is confident that these discussions will progress
to the firm offtake and/or capacity agreements that will allow Delfin to make a final investment
decision.
Once executed, Delfin will file all long-term, binding contracts for the export of LNG
from its facility in accordance with the requirements of DOE/FE Order Nos. 3393 and 4028.