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

July 30, 2018

INPEX-operated Ichthys LNG Project Commences Production
TOKYO, JAPAN - INPEX CORPORATION (INPEX) announced today that theINPEX-operated Ichthys LNG Project (the Project) has commenced production of gas fromthe wellhead following the completion of final safety verifications including additionalverifications concerning electrical equipment.

CPF and FPSO at Ichthys Gas-condensate Field
The produced gas will be gathered within the Central Processing Facility (Ichthys Explorer)
where it will be separated into gases and liquids. Thereafter, the liquids will be piped to thenearby Floating Production, Storage and Offloading (FPSO) facility (Ichthys Venturer) while
the gases will be transported via the 890-kilometer long Gas Export Pipeline (GEP) to theonshore gas liquefaction plant at Darwin in Australia’s Northern Territory.
At the FPSO, the condensate contained in the well fluids will be processed to remove waterand other impurities, then stored in tanks prior to export by tankers. At the onshore gasliquefaction plant, gases will be processed to remove impurities after which any remaining
condensate will be extracted. The gases will then be separated and liquefied to produceliquefied petroleum gas (LPG) and liquefied natural gas (LNG) to be stored in tanks andshipped in sequence.
The Project expects to begin the shipment of products1 towards the end of the first half2 of thecurrent fiscal year.
1Products will be shipped in the order of condensate, liquefied natural gas (LNG) and liquefied

petroleum gas (LPG)
2 April to September 2018

INPEX will continue to work toward the success of the Ichthys LNG Project with theunderstanding and cooperation of all its stakeholders, including the project’s joint venture
partners, the local communities, the Australian federal government and the governments ofWestern Australia and the Northern Territory.
The forecasted consolidated financial results for the year ending March 2019, which factor
the Project’s expected revenue contributions, are currently being evaluated taking into
account the oil price outlook and other factors, and will be announced immediately if
forecasts are revised.
About INPEX
INPEX CORPORATION is Japan’s largest exploration and production (E&P) company, and a
mid-tier E&P player just behind the world’s oil majors. INPEX is currently involved inapproximately 70 projects across more than 20 countries, including the Ichthys LNG Projectin Australia as Operator. Through sustainably growing its oil and gas development business,
INPEX aims to become a top class international oil and gas E&P Company and continue
providing a stable and efficient supply of energy to its customers. For more information,visit https://www.inpex.co.jp/english/index.html.
About the Ichthys LNG ProjectThe Ichthys LNG Project is a project led by INPEX (Operator, participating interest: 62.245%)
alongside major partner TOTAL (participating interest: 30%) and the Australian subsidiariesof CPC Corporation, Taiwan (participating interest: 2.625%), Tokyo Gas (participatinginterest: 1.575%), Osaka Gas (participating interest: 1.2%), Kansai Electric Power(participating interest: 1.2%), JERA (participating interest: 0.735%) and Toho Gas(participating interest: 0.42%) that involves liquefying natural gas lifted from the IchthysGas-condensate Field offshore Western Australia at an onshore gas liquefaction plant
constructed in Darwin, Northern Territory, and producing and shipping approximately 8.9
million tons of liquefied natural gas (LNG) and approximately 1.65 million tons of liquefied
petroleum gas (LPG) per year, along with approximately 100,000 barrels of condensate per
day at peak. The Ichthys LNG Project is a large-scale LNG project by global standards, andis expected to be operational over a period of 40 years. In 1998, INPEX acquired anexploration permit in the block where the project is located, and following development
studies including exploration, evaluation and FEED work, the company announced its final
investment decision (FID) in January 2012.
Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233