Transfer of the Ichthys LNG Project equity interest to Chubu Electric Power Co., Inc.

INPEX CORPORATION (INPEX is pleased to announce today that INPEX Ichthys Pty Ltd and other project group companies have reached an agreement with Chubu Electric Power Co., Inc (Chubu Electric) to transfer a 0.735% of the Ichthys LNG Project equity interest(*).

(*) the Ichthys LNG Project equity interest includes the following elements:

  1. Participating interest of WA-50-L(Ichthys gas-condensate field) and WA-51-L
  2. Participating interest of WA-285-P (exploration permit adjacent to WA-50-L)
  3. Shares of Ichthys LNG Pty Ltd (natural gas liquefaction and LNG marketing company)

Based on the agreement, the Ichthys LNG Project equity interest will be as follows:

  • INPEX = 72.070%
  • TOTAL = 24.000%
  • Tokyo Gas = 1.575% (Subject to the approval by the Australian government)
  • Osaka Gas = 1.200% (Subject to the approval by the Australian government)
  • Chubu Electric = 0.735% (Subject to the approval by the Australian government)
  • Toho Gas = 0.420% (Subject to the approval by the Australian government)

The Ichthys LNG Project Joint Venture is seeking the continued support from the Australian government, the Western Australian government, the Northern Territory government and other stakeholders for early and optimal commercial gas production from the Ichthys LNG Project.

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