Killajoules

Preparations for Start-Up of Crude Distillation Unit (CDU) at Chiba Refinery
Cosmo Oil Co., Ltd. (Head Office: Minato-ku, Tokyo / Paid in Capital: 107.2 bn JPY / President: Yaichi Kimura) express our sincere apologies on the concerns and inconveniences caused to the local residents and to all those whom have been affected by the fire/explosion at Chiba Refinery on March 11, 2011.

JX Nippon: Signing of SPA with Shell Eastern Trading Pte Ltd
JX Nippon Oil & Energy Corporation (President: Yasushi Kimura, hereinafter "NOE") is pleased to announce the conclusion of the LNG Sale and Purchase Agreement with Shell Eastern Trading Pte Ltd, a Singaporean subsidiary of Royal Dutch Shell plc. (hereinafter "Shell").
NOE will receive 3 cargoes per annum of LNG from Shell for 17 years starting in April 2015 through this contract. This SPA is a portfolio contract which will ensure a reliable and stable supply as LNG will be supplied from multiple sources including LNG projects in which the Royal Dutch Shell plc. group participates.

Chubu Electric signs a 16 year LNG sales and purchase agreement with BP
Chubu Electric Power Co., Inc. ("Chubu Electric") announced that it had today executed a fully termed LNG sales and purchase agreement with BP Singapore Pte. Limited.
This agreement is for Chubu Electric to purchase LNG supplied from BP's global LNG portfolio by BP Singapore Pte. Limited.

ExxonMobil to Restructure Holdings in Japan
ExxonMobil and TonenGeneral Sekiyu K.K have entered into an agreement which will result in the restructuring of ExxonMobil’s holdings in Japan. Under the terms of the agreement, TonenGeneral Sekiyu will purchase ExxonMobil’s shares in ExxonMobil Yugen Kaisha, integrating ExxonMobil Yugen Kaisha’s marketing operations with its existing manufacturing operations. This will result in a single, integrated downstream business better positioned to meet Japan’s energy needs. The transaction is valued at approximately US $3.9 billion.

Qatargas signs tripartite SPA with Chubu Electric and Shizuoka Gas
Qatargas achieved another milestone today as it announces the signing of a Tripartite Sales and Purchase Agreement to supply Liquefied Natural Gas (LNG) to Chubu Electric Power Company and Shizuoka Gas Company at a signing ceremony during the 2011 World Petroleum Conference in Doha.

Australia Pacific LNG and Kansai Electric sign 20 year
Australia Pacific LNG Pty Limited (Australia Pacific LNG) and The Kansai Electric Power Company (Kansai Electric) today signed a binding Heads of Agreement for the sale and purchase of approximately 1 million tonnes of LNG per year for 20 years.

Restructuring for “Idemitsu Tokuyama
Idemitsu Kosan Co.,Ltd. (Head Office: Chiyoda-ku, Tokyo, President: Kazuhisa Nakano) has decided to stop crude oil processing function of Tokuyama Refinery in and after March 2014 in order to restructure its supply system. This is in conformity with “the Law Concerning Sophisticated Methods of Energy Supply Structures”.

Gazprom and Itochu developing mutually beneficial cooperation
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Eizo Kobayashi, President of Itochu Corporation.

Construction Progress of Naoetsu LNG Receiving Terminal
INPEX CORPORATION (INPEX) has been engaged in constructing Naoetsu LNG Receiving Terminal in Joetsu City, Niigata Prefecture (at the Naoetsu Port area), Japan Sea side of Honshu Island, Japan since July 2009. INPEX is underway to construct various facilities in Naoetsu LNG Receiving Terminal as scheduled toward to the operation start in 2014.

Conclusion of a heads of agreement with Saibu Gas regarding the Sale and Purchase of Liquefied Natural Gas
Tokyo Gas, Co., Ltd. (President: Tsuyoshi Okamoto; head quarters: Minato-ku, Tokyo; "Tokyo Gas" hereinafter) is pleased to announce today the signing of a heads of agreement regarding the sale and purchase of liquefied natural gas (LNG) with Saibu Gas Co., Ltd. (President: Yuji Tanaka; head quarters: Hakata-ku, Fukuoka; "Saibu Gas" hereinafter).