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PNG LNG Project Overview

6.6 MTPA, 2 train development, operated by ExxonMobil

Fully contracted to quality Asian customers, with continuing strong market interest:

Sinopec (China) ~2.0 MTPA TEPCO (Japan) ~ 1.8 MTPA Osaka Gas (Japan) ~1.5 MTPA CPC (Taiwan) ~ 1.2 MTPA

Based on commitment of 9.3 tcf proven and probable reserves

Fiscal stability agreement in place for 10.5 tcf of production APT at 17.5% ROR and 20% ROR. Max case tax rate of 41.7%

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