November 30, 2021

INPEX and KANBARA GAS Sign Agreement on

Carbon Neutralization of Gas

INPEX CORPORATION

KANBARA GAS

INPEX CORPORATION(INPEX) and KANBARA GAS jointly announced today they entered into an agreement on the carbon neutralization of gas. Through this agreement, KANBARA GAS will purchase carbon neutral gas from INPEX and convert the natural gas utilized by its offices and facilities to carbon neutral gas.

KANBARA GAS's basic management policy is to help its customers live more comfortably through its gas business and to contribute to the development of local communities under the motto, "Providing relief and contributing to the community forever." In addition to helping customers reduce their CO2 emissions by expanding sales of natural gas, KANBARA GAS will contribute to the realization of a carbon-free society and the sustainable development of local communities through the introduction of carbon neutral gas, which will reduce its CO2 emissions.

INPEX, as outlined in its "Business Development Strategy - Towards a Net Zero Carbon Society by 2050," has set goals to achieve its own net zero carbon emissions by 2050 and will proactively engage in energy structure reforms towards the realization of a net zero carbon society. The company will work closely with city gas business operators to which it supplies wholesale natural gas and implement measures contributing to the reduction of greenhouse gases on a global scale alongside its customers by responding to their needs through providing solutions such as carbon neutral gas and other forms of clean energy.

About carbon neutral gas

The neutrality of the natural gas to be supplied through this agreement is based on carbon credits certified by a credible certifier as deriving from CO2 reduction efforts at forest conservation projects, etc. based around the world where greenhouse gas emissions have been offset throughout the entire value chain process from development to combustion.

Media Contacts:

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

KANBARA GAS, Tel) +81-256-72-3337

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Inpex Corporation published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 04:10:02 UTC.