Public Relations Group, Corporate Communications Unit
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September 1, 2017

INPEX-operated Ichthys LNG Project Celebrates Naming Ceremony for
LNG Tanker to Supply CPC Corporation, Taiwan

TOKYO, JAPAN - INPEX CORPORATION (INPEX) announced today that a naming
ceremony was held for the LNG tanker that will supply liquefied natural gas (LNG) from the
INPEX-operated Ichthys LNG Project to CPC Corporation, Taiwan (CPC). This ceremony
took place today at Kawasaki Heavy Industries’ (KHI) Sakaide Works in Kagawa Prefecture,
Japan where construction of the tanker was recently completed. This tanker will transport the1.75 million tons of Ichthys-produced LNG per year allocated to CPC under a sales andpurchase agreement*.
*For more information on the LNG sales and purchase agreement with CPC, see January 10,2012 press release (http://www.inpex.co.jp/english/news/pdf/2012/e20120110-a.pdf)

Naming Ceremony of “PACIFIC BREEZE”

The naming ceremony was attended by CPC executives and numerous other distinguishedguests, and the LNG tanker was named “PACIFIC BREEZE.” INPEX President & CEOToshiaki Kitamura also attended the ceremony.
The LNG tanker was newly built based on a construction agreement between Pacific Breeze
LNG Transport S. A. (PBLT), a subsidiary of Kawasaki Kisen Kaisha Ltd. (K-Line) as theowner, and KHI, and is scheduled to be deployed in conjunction with the production startupof the Ichthys LNG Project. Through its subsidiary INPEX Shipping Co., Ltd. (INPEXShipping), INPEX jointly established IT MARINE TRANSPORT PTE. LTD. (ITMT) on May 8,
2013 with TOTAL Marine Transport B.V., a subsidiary of Ichthys LNG Project partner TOTAL,
at an ownership ratio of 68.77% (INPEX Shipping) to 31.23% (TOTAL Marine Transport B.V.).
Through ITMT, INPEX has entered into a time charter agreement for this tanker with PBLT.
The LNG tanker is approximately 300 meters in length with a beam of approximately 52meters. It is the world’s first MOSS-type LNG tanker to adopt an electric propulsion systemthat features a diesel engine fueled by both natural gas and bunker fuel and provides highfuel efficiency. The tanker’s 182,000-cubic meter tank capacity is one of the world’s largest
among MOSS-type LNG tankers.
In addition, through INPEX Shipping, INPEX jointly established Oceanic Breeze LNG
Transport S. A. (OBLT) on April 4, 2013 with K-Line at an ownership ratio of 70% (K-Line) to30% (INPEX Shipping), and has commissioned Mitsubishi Heavy Industries (MHI) toconstruct an LNG tanker through OBLT. INPEX and K-Line will jointly own this LNG tanker,
which will transport INPEX’s own LNG offtake from the Ichthys LNG Project—0.9 million tonsper year—to INPEX’s Naoetsu LNG Terminal in Joetsu, Niigata Prefecture, Japan. Thetanker is currently undergoing the final stages of construction work at MHI’s Nagasaki
Shipyard & Machinery Works in Japan.
INPEX will continue to work toward the success of the Ichthys LNG Project with theunderstanding and cooperation of all its stakeholders, including its joint venture partners, thelocal communities, the Australian federal government and the governments of Western
Australia and the Northern Territory.

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 Project in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
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 subsidiaries ofCPC Corporation, Taiwan (participating interest: 2.625%), Tokyo Gas (participating interest:1.575%), Osaka Gas (participating interest: 1.2%), Kansai Electric (participating interest:1.2%), JERA (participating interest: 0.735%) and Toho Gas (participating interest: 0.42%) thatinvolves liquefying natural gas lifted from the Ichthys Gas-condensate Field offshore Western
Australia at an onshore gas liquefaction plant constructed in Darwin, Northern Territory, andproducing and shipping approximately 8.9 million tons of LNG and approximately 1.65 million
tons of 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, and is expected tobe operational over a period of 40 years. In 1998, INPEX acquired an exploration permit in theblock where the project is located, and following development studies including exploration,evaluation and FEED work, the company announced its final investment decision (FID) inJanuary 2012. Going forward, installation and commissioning work on the offshore facilities
will be undertaken and production from the wellhead will commence. Thereafter, the Ichthys
LNG Project will, during the current fiscal year (ending March 31, 2018), begin production ofcondensate, liquefied natural gas (LNG) and liquefied petroleum gas (LPG) in sequence andthen ship these products.
Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233