ARC Resources Ltd., through its subsidiary ARC Resources U.S. Corp. (collectively, "ARC" or the "Company"), announced it has entered into a long-term natural gas supply agreement ("the Agreement") with Sabine Pass Liquefaction Stage V, LLC, a subsidiary of Cheniere Energy Inc. ("Cheniere"). Under the agreement, ARC will supply 140,000 million British thermal units ("MMBtu") per day of natural gas for a term of 15 years commencing with commercial operations of the first train of the Sabine Pass Stage 5 Expansion Project ("SPL Expansion Project"), anticipated by 2029.

ARC will utilize its existing contracted pipeline capacity to the U.S. Gulf Coast to supply the natural gas volumes to Cheniere. Under the agreement, ARC will receive a liquefied natural gas ("LNG") price based on the Dutch Title Transfer Facility ("TTF") price, after fixed deductions for liquefaction, shipping and regasification fees. Over the past three years, ARC has steadily executed its LNG strategy, announcing a long-term agreement to supply 140,000 MMBtu/day to Cheniere's Corpus Christi Stage III expansion, and a non-binding Memorandum of Understanding to supply and liquefy 200 MMcf/day of natural gas to Cedar LNG on Canada'sWest Coast.

ARC's first agreement with Cheniere, announced in 2022, provides exposure to LNG-pricing based on Platts JKM? (Japan Korea Marker). With today's announcement to supply 140,000 MMBtu/day to Cheniere's SPL Expansion Project and link to TTF pricing, ARC will supply approximately 20 per cent of its current natural gas production to global markets and receive overseas pricing upon commencement of these contracts.