Public Relations Group, Corporate Communications Unit

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

February 9, 2022

INPEX formulates a long-term strategy and a medium-term business plan

(INPEX [email protected])

Tokyo, JapanINPEX COMPANY(INPEX) announced today that it has formulated its “Long-Term Strategy and Mid-Term Business Plan” (hereafter “INPEX Vision @2022”).

In May 2018, INPEX formulated its “Vision 2040” and its “Medium-Term Business Plan 2018-2022″. In January 2021, the company announced its “Business Development Strategy – Towards a Net Zero Carbon Society by 2050″, outlining its climate change response goals and business strategies towards a net zero carbon society.

INPEX Vision @2022 presents INPEX’s long-term strategy towards 2030 and 2050 as well as the company’s medium-term business plan, which consists of specific objectives and roadmaps covering a period of three years from 2022 to 2024, reflecting the current management environment and social landscape, among other factors.

INPEX considers the various developments towards a zero-carbon society observed in Japan and around the world as new challenges as well as opportunities to further develop its activities. Based on INPEX Vision @2022, the company will proactively engage in energy structure reforms towards achieving a net-zero carbon society by 2050 while meeting the energy demands of the Japan and other countries around the world.

For more details on INPEX Vision @2022, please visit the company’s website. “Long-term strategy and medium-term business plan (INPEX Vision @2022)” https://www.inpex.co.jp/english/company/pdf/inpex_vision_2022.pdf

About INPEX

INPEX CORPORATION is Japan’s largest exploration and production (E&P) company and is currently involved in projects on several continents, including the Ichthys LNG project in Australia as an operator. By building a cleaner upstream business and advancing hydrogen and renewable energy solutions, INPEX aims to become a leading energy company and continue to provide a stable and efficient supply of energy to its customers while being the pioneer of the energy transformation towards a net-zero carbon society by 2050. 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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