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

July 11, 2018

INPEX-operated Ichthys LNG Project Prepares for Production Start-up
TOKYO, JAPAN - INPEX CORPORATION (INPEX) announced today that theINPEX-operated Ichthys LNG Project’s (the Project) carried out an inspection mainly onelectrical equipment during the process of final safety verifications in cooperation with
Australian regulators, in preparation for the start-up of production. The Project has alreadycompleted the necessary commissioning of all key onshore and offshore facilities forproduction start-up.
Following additional verifications concerning the electrical equipment, the Project isscheduled to commence production, and will thereafter begin the shipment of products1
towards the end of the first half2 of the current fiscal year.
1

Products will be shipped in the order of condensate, liquefied natural gas (LNG) and liquefied

petroleum gas (LPG)
2April to September 2018

While the Project’s activity schedule going forward may fluctuate depending on weather
conditions at the worksites, preparation activities and other factors, INPEX will continue towork towards the success of the Ichthys LNG Project with the understanding and cooperationof all its stakeholders, including the Project’s joint venture participants, the local communities,
the Australian Federal Government and the governments of Western Australia and theNorthern Territory.
The impact of this matter on the consolidated financial results forecasts for the year ending
March 2019 is currently being evaluated taking into account the oil price outlook and otherfactors, 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 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 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