Raymond James March 14th

[Putncalls]

I may be of dissenting opinion but to me it makes no sense to sell has to pnglng if we are pursuing a greenfield LNG project in the gulf. The more trains at a gulf LNG plant the more profitable it is. Why build two when you can build three. With that I do think that it makes the most sense to just expand png LNG with train 3,4,5 and have participation in that. Most economical and speediest.

Com[tion is good. It help keep Total and Exxon honest.