Participation in the Freeport 카지노 커뮤니티 Project in Texas, U.S.A.

Japan Petroleum Exploration Co., Ltd. (JAPEX) announces that its Board of Directors approved a resolution to participate in the "Freeport LNG Project" (hereinafter "the project") in 카지노 커뮤니티, U.S.A., through Coast LNG Holdings LLC (GCLH), a sub-subsidiary of JERA Co., Inc. (JERA), today. 

1. Outline of the 카지노 커뮤니티

(1) Outline of the 카지노 커뮤니티

The project liquefies natural gas procured from the U.S. gas market at the liquefied natural gas (hereinafter "LNG") production facilities near Freeport, 카지노 커뮤니티, U.S.A., and exports it outside the U.S.A. The operating company for (FLNG).

JAPEX and JERA have agreed that JAPEX will acquire a 15% equity interest in GCLH from JERA Americas Inc. (JERA Americas) through JAPEX's overseas consolidated subsidiary, JAPEX (U.S.) Corp. (JUS facilities already in service (three trains in total, with annual production capacity of approximately 15.45 million tons), the project will also develop new 카지노 커뮤니티 business, including plans for the expansion of the fourth train.

(2) Acquisition Amount

The consideration for the acquisition of a 15% equity interest in GCLH by JUS is approximately US$380 million, and closing of the purchase agreement is expected in June 2024.

After completion of the acquisition, JUS will apply the equity method to GCLH. 

2. Reasons for the participation in the 카지노 커뮤니티

In the "JAPEX Management Plan 2022-2030" formulated in March 2022, JAPEX has set the expansion of profits in the Infrastructure/Utilities (I/U) field as one of priority goals in order to establish a profit struct environment, such as oil price fluctuations. As part of this effort, JAPEX has been studying the possibility of entering into overseas LNG supply infrastructure projects.

Through JAPEX's participation in the 카지노 커뮤니티, JAPEX intend to secure long-term stable cash flow in the U.S.A, where country risk is low, and to further expand our earnings through future facility expansion. 

3. Outline of the counterparty of the acquisition of the equity interest

※JERA Americas is a privately held U.S. company, and based on the confidentiality agreement with JERA Americas, "Net Assets" and "Total Assets" are not disclosed. 

4. Outline of the counterparty of the equity interest to be acqu카지노 커뮤니티ed in connection with the acquisition of the equity interest of 3.

※GCLH is a privately held U.S. SPC, and "Capital" and "Operating results and financial position of the company for the past three years" are not disclosed due to confidentiality obligations with related parties of GCLH's invest

5. Outline of the subsidiary

6. Schedule

7. Outlook

The impact of this transaction on the consolidated financial results for the full fiscal year ending March 31, 2025, is currently under scrutiny and will be promptly announced if any matter requ카지노 커뮤니티ing disclosure arises in the future

The equity-method investment income from the 카지노 커뮤니티 is expected to be approximately more than one billion yen per year for the time being, and on and after the 2030s, it is expected to be approximately sever plans for the expansion of the fourth train.