PTT Exploration and Production Public : PTTEP, INPEX and JGC Partner to Explore Carbon Capture and Storage Project

April 26, 2022 - PTT Exploration and Production Public Company Limited (PTTEP), INPEX CORPORATION (INPEX) and JGC Holdings Corporation (JGC) have initiated a collaboration to explore the potential development of a Carbon Capture and Storage (CCS) project in Thailand that will help reduce greenhouse gas emissions and accelerate the decarbonization of Thai industries and the country as a whole.

CCS involves the capture of CO2 emissions from industrial processes before they enter the atmosphere and transporting CO2 for underground storage in geological formations where they will be appropriately managed and monitored. The collaboration will involve identifying and evaluating facilities as well as procedures and technologies concerning CCS to build economically viable CCS solutions for Thailand.

The initiative reflects PTTEP's determination to take part in managing greenhouse gas and mitigating impacts of global warming. It has a strong potential to help industries and Thailand reduce carbon emissions and achieve our carbon neutrality goal.

About PTTEP:

PTT Exploration and Production Public Company Limited (PTTEP) is Thailand's national petroleum exploration and production company. PTTEP maintains strengths of the company's E&P business for energy security while exploring investment opportunities in environmentally friendly energy through new technology and processes. We conduct business with concerns in the environment, society and corporate governance (ESG) for the stable and sustainable growth. www.pttep.com

About INPEX:

INPEX CORPORATION is Japan's largest exploration and production (E&P) company, and is currently involved in projects across multiple continents, including the Ichthys LNG Project in Australia as Operator. By thoroughly making its oil and gas business cleaner while expanding its 5 net zero business areas, INPEX aims to provide a stable supply of diverse and clean energy sources including oil, natural gas, hydrogen and renewables as a pioneer in energy transformation. For more information, visit www.inpex.co.jp/english/index.html.

About JGC:

JGC Holdings is a pure holding company of a corporate group consisting of two business segments: a comprehensive engineering business targeting the energy and infrastructure fields, and a functional materials manufacturing business supported by our one-of-a-kind technologies. Based on its long-term management vision "2040 Vision" announced in May 2021, the JGC Group aims to solve social issues, such as "achieving both a stable energy supply and decarbonization. https://www.jgc.com/en/

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The information, statements, forecasts and projections contained herein reflect the Company's current views with respect to future events and financial performance. These views are based on assumptions subject to various risks. No assurance is given that these future events will occur, or that the Company's future assumptions are correct. Actual results may differ materially from those projected.