ExxonMobil and Petronet LNG Announce Agreement on Gorgon LNG Supply

8 May 2009

Melbourne: Subsidiaries of Exxon Mobil Corporation and Petronet LNG Limited today announced agreement has been reached on intent to supply LNG from the proposed Gorgon LNG project in Australia for the Kochi terminal in India.

The parties said they would continue working on binding agreements to conclude the purchase and sale in June. The agreement will provide for ExxonMobil's subsidiaries Mobil Australia Resources Company Pty Ltd and Mobil Exploration & Producing Australia Pty Ltd to supply approximately 1.5 MTA (million tons annually) of LNG with the potential for additional supply, for a 20-year term. The parties said the commercial details are confidential.

Petronet LNG Managing Director Prosad Dasgupta said “Petronet LNG looks forward to finalizing the agreements and moving forward with the LNG infrastructure needed to supply natural gas consumers in the Kerala region.”

ExxonMobil’s Luke Musgrave, Vice President LNG - Australia, said “We are pleased to move forward with Petronet LNG on securing LNG sales from the Gorgon Project.”

Media contacts:

ExxonMobil: Gemma Allman, Senior Public Affairs Adviser: +61 3 9270 3537 or +61 408 971 708.

Petronet LNG: Mr P Dasgupta, email: pdasgupta@petronetlng.com