First Discharge of LPG from Ichthys LNG Project in Japan Carried by “K” LINE’s VLGC “GRACE RIVER”

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Kawasaki Kisen Kaisha, Ltd., Tokyo, is proud to announce that “K” LINE’s VLGC “GRACE RIVER” carried and successfully discharged Ichthys LNG Project’s first LPG cargo carried to Japan, which was imported by Astomos Energy Corporation at KYUSHU L.P.G. Fukushima Terminal today.

Ichthys LNG Project is the first large-scale LNG project by global standards operated by
INPEX CORPORATION. The Project is characterized as “All Japan” for its features such as
70% of approx. 8.9 million tons per year of LNG produced by the Project will be supplied to
Japanese customers, along with the fact that Japanese companies are major participants in
crucial parts of the Project’s value chain, including exploration and production, building of
liquefaction plants and receiving terminals, laying pipelines, and maritime transportation.
In addition to LNG, the Project will produce LPG (approx. 1.65 million tons per year) as well
as approx. 100,000 barrels of condensate per day at peak.

We are proud further to mention that “K” LINE Group will be more involved in the shipment
of LNG, LPG and condensate exported by the Project. The Project’s first LNG cargo was
carried by our LNG carrier “PACIFIC BREEZE” in October 2018, and it is planned that
Aframax tankers operated by our subsidiary in Singapore will carry condensate products.
Recalling the importance of our crucial role in the energy value chain, “K” LINE Group is
committed to continue providing the most reliable and stable service possible to our valued
customers with assurance of the highest standard of safety