Inpex commits to clean energy development in UAE

Business Developments & Projects

January 30, 2023, by Aida Čučuk

In a statement to Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology of the UAE and Managing Director and Group CEO of ADNOC, Japan’s oil and gas producer Inpex has officially committed to the United Arab Emirates (UAE) in regard to clean energy development in the country.

According to Inpex, its statement of commitment to the UAE defines the company’s future strategies looking ahead to the next 50 years and its plans to further enhance lower-carbon crude oil production and develop a clean energy business centred on hydrogen and ammonia, as well as strengthen its social contribution activities to help reinforce relations between the UAE and Japan.

Within the framework, the company committed to:

Increasing and maintaining a sustainable supply of affordable crude oil and natural gas to Japan and other markets around the world, by enhancing development and production activities and minimising the carbon footprint of its upstream operations in the UAE.
Expanding clean energy and net-zero solutions including hydrogen, ammonia, CCUS, and renewable energy, and building supply chains that link the UAE to Japan and the rest of the world, by leveraging the UAE’s favourable position in the clean energy business.
Developing and applying new technologies that enhance stable energy supply, accelerate the energy transition, and help achieve net zero targets, in both the UAE and Japan.
Contributing to the co-prosperity and greater solidarity between the UAE and Japan by supporting educational programs, cultural exchanges, and environmental conservation efforts.

Inpex said it believes that the commitments will contribute significantly to Inpex’s sustained growth and to the flourishment of the UAE and Japan, and reflect its unwavering resolve to join hands with ADNOC and the UAE for deepening the mutual trust towards a brighter future.

Inpex is already engaged in the development and production of crude oil in the UAE through JODCO, a wholly-owned subsidiary.

In June 2022, together with Japanese companies IHI Corporation and Mitsui O.S.K. Lines (MOL), Inpex demonstrated a clean ammonia supply chain linking the UAE and Japan.