Gorgon LNG Supply

Petronet LNG and ExxonMobil in Agreement to Gorgon LNG Supply

Subsidiaries of Petronet LNG Limited and Exxon Mobil Corporation have entered into
agreement on intent to supply LNG from the proposed Gorgon LNG project in Australia for the Kochi terminal in India. 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.”

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.”

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.