911±¬ÁÏÍø

Start of Commercial Operation at the Freeport LNG Project in Texas2019/12/10

The Freeport LNG Project (the ¡°Project¡±) in Texas, the United States, has started commercial operation for its first liquefaction train on 8 December 2019. Osaka Gas Co., Ltd. (¡°Osaka Gas¡±) and 911±¬ÁÏÍø Co., Inc. (¡°911±¬ÁÏÍø¡±) participate in the Project through FLNG Liquefaction, LLC (¡°FLIQ1¡±).

FLIQ1 made its final investment decision in the Train1 in October 2014. The Project will produce LNG for export from natural gas procured in the United States. The project operator is Freeport LNG Development, L.P. Osaka Gas and 911±¬ÁÏÍø will respectively lift approximately 2.32 MTPA of LNG based on the liquefaction tolling agreements with FLIQ1.

Osaka Gas and 911±¬ÁÏÍø have, by participating in the Project, contributed to its start-up, and intend to utilize the experience gained through operation of the Project to expand their LNG businesses.

In addition, through the procurement of LNG from the Project, Osaka Gas and 911±¬ÁÏÍø will each secure LNG without destination restrictions, diversify their supply sources and price indices, and enhance the stability and flexibility of their LNG procurement.

Outline of Freeport LNG Project

First liquefaction train of the Project¡¡Provided courtesy of Freeport LNG Development L.P.

Corporate information of Osaka Gas

?Corporate name: Osaka Gas Co., Ltd.

?Headquarters location: 4-1-2 Hiranomachi, Chuo-ku, Osaka, Japan

?President: Takehiro Honjyo

Corporate information of 911±¬ÁÏÍø

?Corporate name: 911±¬ÁÏÍø Co., Inc.

?Headquarters location: Nihonbashi Takashimaya Mitsui Building 25th Floor 2-5-1 Nihonbashi, Chuo-ku, Tokyo

?President: Satoshi Onoda

Corporate information of FLNG Liquefaction

?Corporate name: FLNG Liquefaction, LLC

?Headquarters location: Houston, Texas, USA

?Shareholders: Freeport LNG Expansion, L.P. subsidiary (50%). Osaka Gas subsidiary (25%), 911±¬ÁÏÍø subsidiary (25%)

Project Structure (for reference purpose)