Kitimat LNG Signs MOU with EOG Resources Canada for Natural Gas Supply

CALGARY, ALBERTA, Jul 13 (MARKET WIRE) --
Kitimat LNG Inc. announced today that it has signed a memorandum of
understanding (MOU) with EOG Resources Canada (EOG) to supply natural gas
to Kitimat LNG's proposed liquefied natural gas (LNG) export terminal in
Kitimat, B.C.

Pursuant to the MOU, Kitimat LNG and EOG are proceeding to negotiate a
definitive agreement under which EOG would supply specific quantities of
the LNG facility's 700 million cubic feet per day of natural gas
feedstock.

"EOG's participation in our project reinforces the fact that business and
natural gas fundamentals support our LNG terminal," said Rosemary
Boulton, President of Kitimat LNG. "Kitimat LNG presents a compelling
opportunity for producers to leverage growing natural gas reserves in
Western Canada and sell into significant new international markets such
as Asia."

EOG is the first producer to sign an MOU with Kitimat LNG. Kitimat LNG
has also signed MOUs with leading LNG companies such as Korea Gas
Corporation (KOGAS) and GAS NATURAL for the purchase of LNG produced at
the terminal.

"We look forward to working with EOG and our other partners to move the
LNG terminal ahead and provide the substantial and ongoing economic
benefits associated with the project to B.C.," added Boulton.

Kitimat LNG is in discussions with potential terminal users, LNG buyers
and other natural gas producers for the five million tonnes per annum
project.

About Kitimat LNG Terminal - Kitimat LNG Terminal is a project of Kitimat
LNG Inc. (www.kitimatlng.com), a Calgary-based private company focused on
the development of liquefied natural gas (LNG) and related facilities in
North America. Kitimat LNG Terminal is proposing to construct, own and
operate a liquefied natural gas terminal near the Port of Kitimat in
British Columbia. At the terminal, the natural gas will be cooled and
liquefied in preparation for export via ship to growing global markets.

About EOG - EOG Resources, Inc. (www.eogresources.com), is one of the
largest independent (non-integrated) oil and natural gas companies in the
United States with proved reserves in the United States, Canada,
Trinidad, the United Kingdom North Sea and China. EOG Resources, Inc. is
listed on the New York Stock Exchange and is traded under the ticker
symbol "EOG."

Contacts:
Karyo Edelman (on behalf of Kitimat LNG)
Ian Noble
604-623-3007 (office), 604-809-9650 (cell)
www.kitimatlng.com

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