Although results are consolidated for financial reporting, Cheniere, Cheniere Partners, SPL and the CCH Group operate with independent capital structures. The following diagram depicts our abbreviated capital structure as of December 31, 2019: Our primary business strategy is to be a full service LNG provider to worldwide end-use customers. We accomplish this objective by owning, constructing and operating LNG and natural gas infrastructure facilities to meet our long-term customers’ energy demands and:  • maintaining a flexible capital structure to finance the acquisition, development, construction and operation of the energy assets needed to supply our customers. • maximizing the production of LNG to serve our long-term customers and generating steady and stable revenues and operating cash flows; and • safely, on-time and on-budget completing our expansion construction projects, including the development of Corpus Christi Stage 3; • commencing commercial delivery for our long-term SPA customers, of which we have initiated for 13 of 19 long-term SPA customers as of December 31, 2019; • procuring natural gas and pipeline transport capacity to our facilities; • safely, efficiently and reliably operating and maintaining our assets; Our Business Strategy 5