Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN24 June 2011

Liquefied Natural Gas (LNG) sales of Ichthys Project, Australia

INPEX CORPORATION (INPEX) is pleased to announce today that the Ichthys Project
Joint Venture (*1) has a clear prospect of completing the sales of the entire 8.4 million
tonnes per annum of LNG from the Ichthys Project.
The Ichthys Project Joint Venture has reached an agreement with Chubu Electric PowerCo., Inc. on LNG sales of 0.49 million tonnes per annum, with Toho Gas Co.,Ltd. on LNG
sales of 0.28 million tones per annum and with CPC Corporation, Taiwan on LNG sales of
1.75 million tonnes per annum, from the Ichthys Project over 15 years commencing in2017.
INPEX and a TOTAL affiliate will also take a total of 1.8 million tonnes per annum of LNG
from the Ichthys Project.
Furthermore, LNG marketing negotiations are close to being finalised with five major
Japanese utility companies.

This results in that the LNG volume of 8.4 million tonnes perannum will have been sold with a large part of the Ichthys LNG to be delivered to Japan.
The LNG sales and purchase agreements with each of the respective buyers areexpected to be signed in a timeframe to allow for the final investment decision, due in 4thQuarter 2011.
The Ichthys Project Joint Venture is committed to seeking the continued support from theAustralian Government, the Northern Territory Government and other stakeholders forearly and optimal commercial gas production from the Ichthys Project.

(*1) Ichthys Project Joint Venture consists of INPEX Browse, Ltd. (INPEX’s wholly ownedsubsidiary) 76%, Operator, and Total E&P Australia 24%.

Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN

About INPEX
INPEX CORPORATION is a worldwide oil and gas exploration and production company
currently involved in more than 70 projects across 26 countries. INPEX is ranked in the top
global petroleum companies and is listed on the Tokyo Stock Exchange. INPEX has been apart of the Australian business community since 1986 and is involved in a number of projects inAustralia and the Timor Sea, including the large-scale Ichthys Project, Van Gogh Project,
Ravensworth Project, Bayu-Undan Development and Darwin LNG.

About the Ichthys Project
The Ichthys Project is a Joint Venture between INPEX Browse Ltd (76%, the Operator) andTotal E&P Australia (24%). Gas from the Ichthys Field, in the Browse Basin offshore of Western
Australia, will undergo preliminary processing offshore to remove water and raw liquids,including condensate. The gas will then be exported to the onshore processing facilities inDarwin via an 885km subsea pipeline. The Ichthys Project is expected to produce 8.4 million
tonnes of LNG and 1.6 million tonnes of LPG per annum, along with 100,000 barrels ofcondensate per day at peak.

Abadi

WA‐285‐PIchthys Field

WA‐285‐P/WA‐37‐R
Ichthys Field & Adjacent Area

Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPANIchthys LNG Project

LNG Plant Layout

Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233