Inpex and Australia’s Northern Territory commit to net zero emission future
Japan’s energy player Inpex has signed a statement of commitment to a net zero emissions future with the government of Australia’s Northern Territory, the location of the Ichthys LNG project’s gas liquefaction plant.
As the operator of the project, Inpex oversees Ichthys production and operations in cooperation with its project partners. Ichthys LNG is a joint venture between Inpex, major partner Total, and the Australian units of CPC, Tokyo Gas, Osaka Gas, Kansai Electric Power, JERA, and Toho Gas. The project produces LNG at the 8.9 million tonnes per year plant at Bladin Point, Australia.
The parties signed the commitment statement with the objective of transitioning to a net zero emissions future and establishing new economic and social developments. The non-binding statement is based on a mutual understanding of the need to further enhance the partnership between Inpex and the Northern Territory Government.
The parties will conduct negotiations on the five business targets:
- Increase LNG production capacity and expand the onshore production facilities at Bladin Point on the outskirts of Darwin in the Northern Territory;
- Increase stable and clean energy supply and security for the Asia/Oceania region;
- Create a multi-user carbon capture and storage hub at the Middle Arm Sustainable Development Precinct, which includes Bladin Point;
- Strengthen and increase local skills development and service and supply capabilities by supporting Territory businesses and people as a platform for the future
- Establish renewable energy targets, technology, and electrification as well as nature-based solutions to support a net zero society by 2050.
As outlined in its INPEX [email protected] from February 2022, Inpex said it will proactively engage in energy structure reforms towards the realisation of a net zero carbon society while fulfilling its responsibilities for the stable development and supply of energy.