A joint announcement for the completion of the Angore Project in Hela Province was made today by the Minister for Petroleum, Hon. Jimmy Maladina, and ExxonMobil PNG Limited Chairperson and Managing Director, Ms. Tera Shandro, on behalf of the State and PNG LNG co-venturers, including Kumul Petroleum Holdings Limited (KPHL), Mineral Resource Development Company (MRDC), Santos, and JX Nippon. Part of the original PNG LNG development plan, the PGK 5 billion Angore Project now unlocks a 1 TCF natural gas resource to supplement existing PNG LNG production levels. “This is an exciting development for Papua New Guinea’s LNG industry which, in partnership with ExxonMobil, has established a global reputation for excellence,” said Maladina. “Not only will Angore strengthen our current LNG production, it sends a clear message to our global investors that our fiscal and regulatory environment provide a sound foundation for future commercial LNG success as well,” he added. “The Marape-Rosso government is committed to working with developers to bring the next tranche of major natural gas developments as quickly as possible– including Papua LNG, P’nyang LNG and developments on the Eastern Fold Belt of the Gulf Province like the Wildebeest prospect." Natural gas produced from two Angore field wells has now been successfully commissioned and connected via pipeline to the existing PNG LNG Hides Gas Conditioning Plant in Hela Province. ExxonMobil PNG Limited Chairperson and Managing Director Ms Shandro remarked, “On behalf of our entire organization, I would like to express our deep gratitude for the support the PNG LNG Project continues to receive from the National and Hela Provincial Governments, our co-venturers and LANCOs, local Angore landowner leaders and the broader Angore community, without which accomplishments like this would not be possible.” “We are incredibly proud of the strength of the partnerships we have built here in Papua New Guinea, which we believe will only continue to deliver lasting, shared benefits." Celebrating its 10th year of production in 2024, the ExxonMobil-operated PNG LNG Project has solidified Papua New Guinea’s place in the LNG industry. Production has routinely exceeded the Project’s nameplate capacity of 6.9MTA by 30%, with a GHG intensity among the top quartile globally. It has produced more than 83 million tons of LNG for export primarily to Asia, and in the process has generated more than PGK 28 billion kina for the State of Papua New Guinea and its people. · 1 TCF Angore field successfully developed and tied into PNG LNG Project · PNG LNG Project production levels to be supported by up to 350 MCF/d volume · Marks exciting next phase of major LNG development for the country.