INPEX CORPORATION (INPEX)is pleased to announce that INPEX and its project partners,Nexen Energy ULCand JGCwerejointly awarded the sole proponentright(the exclusive right to move forward with the planning necessary to build LNG export infrastructure)atGrassy Point, British Columbia, Canada,by the Governmentof British Columbia for the purpose of examining the viability of constructing anLNG plant and export terminal.

INPEX with its project partnerswill continue to explore the feasibilityof a shale gas LNG business fully alignedwith the Governmentof British Columbia, local communitiesand other stakeholders.