Public Relations Group, Corporate Communications Unit

Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo 107-6332 JAPAN

October 1, 2019

INPEX to Help Enhance the Corporate Value of City Gas Companies in Japan

- To Launch "INPEX 4U Challenge Lab" Program Seeking Bids for Diverse Ideas -

Tokyo, Japan - INPEX CORPORATION(INPEX) announced today that it will launch a program to help enhance the corporate value and reputation of city gas companies in Japan to which it provides natural gas through its approximately 1,500 kilometer-long natural gas trunk pipeline network stretching across the Kanto-Koshinetsu and Hokuriku regions.

The program, dubbed "INPEX 4U Challenge Lab," is designed to attract public bids for diverse ideas ranging from business to social improvement initiatives targeting the local regions and municipalities serviced by the city gas companies, leveraging the local connections, networks and spheres of influence of these city gas companies. These ideas will primarily target younger generations with the aim of empowering local communities in a forward-looking manner. The ideas provided by the bidders will be evaluated through tests and demonstrations and adopted by the city gas company(ies) if selected.

In conjunction with the launch of INPEX 4U Challenge Lab, INPEX today set up a dedicated homepagefor the program on its corporate website and will begin accepting public bids from enterprises registered in Japan starting October 10, 2019. INPEX will also hold a briefing session to provide further information on the program.

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 01 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2019 00:07:07 UTC