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July 31, 2019

INPEX Holds a Meeting of the Board of Directors in Darwin, Australia

TOKYO, JAPAN - INPEX CORPORATION(INPEX) announced today that it held a meeting of the Board of Directors in Darwin in the Northern Territory of Australia to highlight its long-term commitment to Australia. Darwin is the location of the INPEX-operated Ichthys LNG onshore gas liquefaction facilities. INPEX is also engaged in various other oil and natural gas development operations in Australia.

The Meeting of the Board of Directors held at the INPEX-operated Ichthys LNG

onshore gas liquefaction facilities near Darwin in the Northern Territory

This marks the first time that INPEX has held a meeting of the Board of Directors outside of Japan. The meeting focused on the steady ramp-up in production at Ichthys LNG and the pursuit of exploration and development initiatives surrounding the offshore Ichthys Field and at INPEX's onshore acreage in the Northern Territory.

The Board of Directors also discussed future expansion opportunities in Australia, additional investments and contributions to the local communities, and applying the knowledge and capabilities nurtured through operating the Ichthys LNG facilities to various projects to be implemented around the world including the Abadi LNG Project in Indonesia.

Ichthys LNG has, as of the end of July 2019, shipped a total of 65 LNG cargoes, 14 LPG cargoes and 30 condensate cargoes since shipments began in October 2018.

INPEX will continue to work toward the creation of a brighter future for society through its efforts to develop, produce and deliver energy in a sustainable way. This will be done with the understanding and cooperation of all its Australian stakeholders including project partners, the local communities, the Australian federal government and the governments of the Northern Territory and Western Australia.

About INPEX

INPEX CORPORATION is Japan's largest exploration and production (E&P) company, and a mid-tier E&P player just behind the world's oil majors. INPEX is currently involved in approximately 70 projects across more than 20 countries, including the Ichthys LNG Project in Australia as Operator. Through sustainably growing its oil and gas development business, developing a global gas value chain business and reinforcing its renewable energy initiatives, INPEX aims to become a leading energy company and continue providing a stable and efficient supply of energy to its customers. For more information, visit https://www.inpex.co.jp/english/index.html.

Media Contact: INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233

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Inpex Corporation published this content on 31 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2019 08:09:04 UTC