ConocoPhillips LNG Projects

Freeport LNG -- Freeport, Texas

Commissioned: Mid 2008, Capacity: 6.9 BCF

In late 2003, ConocoPhillips signed an agreement with Freeport LNG Development, L.P. to participate in its proposed LNG regasification terminal in Quintana Texas. As the largest capacity holder, this agreement gives ConocoPhillips 1 BCFD of regasification capacity in the terminal and a 50% interest in the general partnership managing the venture. The terminal has a storage capacity of 6.9 BCF and a send-out capacity of 1.5 BCFD.

Golden Pass LNG -- Sabine Pass, Texas

Commissioned: Late 2007, Capacity: 2.2 BCF

Golden Pass LNG, is a a joint venture between ConocoPhillips, ExxonMobil and Qatar Petroleum. ConocoPhillips is expected to acquire a 12.4 percent ownership interest in the Golden Pass LNG regasification facility and associated pipeline, which currently is being constructed on the Sabine-Neches Industrial Ship Channel northwest of Sabine Pass, Texas. The facility is expected to startup in mid-2010.

Darwin LNG -- Darwin, Australia

Startup: December 2005, Capacity: 3.7 MTPA

Darwin LNG is a single train facility with a unit capacity of 3.7 MTPA. To address environmental priorities of project owners and the host country, the Darwin facility was designed with several firsts, including being the first application of highly efficient aero-derivative gas turbines in LNG service. Additionally, DLNG was the first Optimized Cascade® Process facility to incorporate waste heat integration to improve process efficiency and inlet air humidification to enhance production during periods of low humidity.

Australia Pacific LNG -- Queensland, Australia

In 2008, ConocoPhillips signed an agreement with Origin Energy to participate in a 50/50 joint venture that would be comprised of coal bed methane development, operated by Origin Energy, and a liquefied natural gas project, operated by ConocoPhillips.

Kenai LNG -- Kenai, Alaska

Startup: June 1969, Capacity: 1.5 MTPA

The 1.5 MTPA Kenai Alaska LNG plant started up in 1969 and has achieved over 40 years of uninterrupted supply to Japanese customers. Kenai was the worlds largest plant when built, the first to serve the Asia-Pacific market, and the first to use gas fired turbines for process refrigeration. Since startup, the plant has achieved production efficiency in excess of 95 percent and turbine/compressor reliability of over 99 percent.

Qatargas 3 -- Doha, Qatar

Startup: Late 2010, Capacity: 7.8 MTPA

In 2003, ConocoPhillips and Qatar Petroleum signed a Heads of Agreement to develop Qatargas 3, a large-scale LNG project in Ras Laffan Industrial City, Qatar. The integrated project comprises upstream natural gas production facilities to produce approximately 1.4 gross BCFD of natural gas over the 25-year life of the project, as well as an initial average of approximately 70 MBD gross of liquefied petroleum gas and condensate combined from Qatars North field.

Brass LNG -- Niger Delta, Nigeria

Startup: TBD, Capacity: TBD

In 2006 ConocoPhillips and its co-ventures signed a Shareholder Agreement to progress the development of the Brass LNG facility.

ConocoPhillips Liquefied Natural Gas