Al-Khaleej Gas Project Phase-1 in Qatar RG AL KHALEEJ GAS-1 EPC AWARD CEREMONY 31- MARCH 2003 Te The EPC Award Ceremony for the Al-Khaleej Gas Phase-1 Project at the Ritz Carlton Hotel in Doha, Qatar. On March 31, 2003, the Joint Venture of Chiyoda, Mitsui & Co., Ltd., Snamprogetti & Co., W.L.L. (CMS&A) received the award from ExxonMobil Middle East Gas Marketing Limited to exe- cute the detailed engineering, procurement and construction (EPC) of Al-Khaleej Gas Project Phase 1 (AKG-1) in the State of Qatar.  This project will provide a reliable gas supply to significant projects within Qatar from the abun- dant reserves (900 TCF) in North Field. The new AKG-1 facilities will be built adjacent to the exist- ing RasGas LNG Trains in the Ras Laffan Industrial City.  Chiyoda believes that the award of this contract is attributable to a synergy effect with the ongoing Train 3 and 4 execution and the company’s superb capability as proven in such ongoing projects as well as in a successful track record with other Qatar projects.  Award of this AKG-1 project represents a succession of EPC contracts in Qatar for Chiyoda and its partners, including the Qatargas LNG Trains 1/2/3 contracts (completed in 1998), Qatargas Debottlenecking Project and the RasGas Train 3 and 4 contracts (both under execution). We believe this shows Chiyoda’s competitive stronghold in the business of Gas Value-Chain in the Middle East region. Market Receiving  Terminals Power Plant, etc. Feed Natural Gas Treated Gas LNG LPG GTL etc. Pipelines Natural Gas  Fields Gas  Treatment  Plant Gas  Processing Plant [Example] Qatar/Ras Laffan “Al-Khaleej Gas Project Phase 1” North Field Gas Qatargas LNG Train 1, 2 & 3 Qatar Petroleum /  Sasol GTL Plant Independent Water and  Power Producer Gas Chemical Plants Export by Pipelines Qatargas LNG Debottlenecking RasGas LNG Train 1 & 2 RasGas LNG Train 3 & 4 ExxonMobil Al-Khaleej Gas Project Phase 1 Qatar Petroleum Common Cooling Water Project Executed  by Chiyoda Being executed  by Chiyoda FEED  by Chiyoda Being executed  by Chiyoda Awarded to  Chiyoda in March Being executed  by Chiyoda Phase 1 Processed Gas (Awarded in March 2003) Gas Value Chain 15