Public Relations Group, Corporate Communications Unit
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPANOctober 1, 2018

INPEX-operated Ichthys LNG Project Commences Condensate Shipment
TOKYO, JAPAN - INPEX CORPORATION (INPEX) announced today that theINPEX-operated Ichthys LNG Project (the Project) recently commenced shipment ofcondensate (ultra-light crude oil) from the Floating Production, Storage and Offloading(FPSO) facility “Ichthys Venturer.”
The first shipment of condensate is destined for the Asian market. INPEX is poised tocontinue responding to the energy demand in Japan, Asia and the rest of the world. Goingforward, the Project will proceed with the production of liquefied natural gas (LNG), etc. at theonshore gas liquefaction plant in Darwin in the Northern Territory of Australia, and isscheduled to commence the shipment of LNG and liquefied petroleum gas (LPG) in
sequence within the third quarter (October-December 2018) of the current fiscal year.

Shipping of condensate from the Floating Production, Storage and Offloading (FPSO) facility “IchthysVenturer” and the Central Processing Facility “Ichthys Explorer” in the background (far right)

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 Project’s expected revenue contribution remains unchanged from the outlook
announced in the company’s forecasted consolidated financial results for the year ending
March 2019 announced on August 9, 2018.
In terms of dividend forecasts, as announced at the beginning of the current fiscal year,
INPEX plans to issue a commemorative dividend of ¥6 per share following the Ichthys LNG
Project’s start-up and shipment of cargo.
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 subsidiaries
of 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 perday 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