CPC Buys Stake in Ichthys LNG from INPEX

INPEX has reached agreement for INPEX Ichthys and other project group companies to transfer 2.625% of the Ichthys LNG Project equity interest to CPC Corp, Taiwan.

The Ichthys LNG Project equity interest includes the following elements:

1. Participating interest in production licenses WA-50-L (Ichthys gas - condensate field) and WA-51-L
2. Participating interest in exploration permit WA-285-P (adjacent to WA-50-L)
3. Shares of Ichthys LNG Pty Ltd (a downstream company which owns LNG facilities, liquefies natural gas and does marketing LNG and liquids)

After the completion of the transfer of the 2.625% of the Ichthys LNG Project equity interest to CPC, the joint venture partners for the Ichthys LNG Project will be as follows:

INPEX (63.445%), Total (30%), CPC (2.625%), Tokyo Gas (1.575%), Osaka Gas (1.200%), Chubu Electric (0.735%), Toho Gas (0.420%)