December 5, 2017

Execution of the Letter of Intent on the new LNG Project in Alaska - to commence the dialogue regarding the purchase of LNG and other businesses -

Tokyo Gas Co., Ltd.

Yesterday, Tokyo Gas Co., Ltd. (President: Michiaki Hirose, "Tokyo Gas") executed the Letter of Intent on the new LNG Project in Alaska ("the Project), developed by Alaska Gasline Development Corporation (President: Keith Meyer) that 100% of the company's share are owned by the State of Alaska. Hereafter, both of Tokyo Gas and Alaska Gasline Development Corporation commence the dialogue regarding the purchase of the LNG from the Project and other businesses.

In the Project, Alaska Gasline Development Corporation play the role to treat the natural gas produced from the North Slope gas field in Alaska, USA, and to transport the gas to the Nikiski LNG terminal and to liquefy the gas. The Project will provide the LNG of around 20 million ton per annum.

Tokyo Gas have strong good relationship with the State of Alaska, USA since 1969 when Tokyo Gas became the first Japanese buyer of Alaskan LNG to commence the LNG history in Japan*1. We recognize that the coming year "2019" is the 50th anniversary of the history of relationship between the State of Alaska and Tokyo Gas.

Tokyo Gas will continue to work aggressively to realize further diversification and expansion of resources suppliers and overseas business domains in the Challenge 2020 Vision, with the consideration of the balance of our supply conditions, stable supply, affordable price and flexibility, while promoting three diversifications, our LNG procurement strategies, with a view of purchasing LNG from the Project and participating other businesses.

*1 On November 4th, 1969, Tokyo Gas received the first LNG vessel in Japanese LNG business, "Polar Alaska", at the Negishi receiving terminal

＜Alaska Gasline Development Corporation＞

President

Keith Meyer

Establishment

2013

Head Office

Anchorage, AK, U.S.A.

Shareholder

State Government of Alaska (100%)

Activities

Treatment, transportation liquefaction, sales of the natural gas*2

*2 : The natural gas is produced from the North Slope gas field (Prudhoe Bay field, etc.)

[Outline]

LNG terminal Operator

Alaska Gasline Development Corporation

Loading terminal

Nikiski LNG Terminal (Alaska, USA)

Liquefaction Capacity

Around 20 million t/year

Scheduled startup of

Commercial production

Around the mid of 2020's

Alaska

Japan

Nikiski LNG Terminal

From left, Ms. Lieza Wilcox

Vice President, Alaska Gasline Development Corporation Mr. Takashi, Higo,

Executive Officer, Senior General Manager of Gas Resource Department, Tokyo Gas

Tokyo Gas Co. Ltd. published this content on 05 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 December 2017 06:51:01 UTC.

Original documenthttp://www.tokyo-gas.co.jp/Press_e/20171205-01e.pdf

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