Inpex, Australia's Northern Territory Gov't Sign Net-Zero Agreement

Thursday, July 21, 2022

Japanese oil and gas company Inpex said Friday it had signed a statement of commitment to a net zero emissions future with the government of Australia’s Northern Territory, where the Ichthys LNG Project’s onshore gas liquefaction plant is located.

As the operator of the project, which produces LNG from the gas delivered from the Ichthys offshore gas field, Inpex oversees Ichthys production and operations in cooperation with its project partners.

According to Inpex, the net zero commitment statement was signed with Natasha Fyles, Chief Minister of the Northern Territory, "with the objective of transitioning to a net zero emissions future and establishing new economic and social developments within a competitive environment." 

Credit: Inpex

"The non-binding statement was signed based on a mutual understanding of the need to further enhance the partnership between INPEX and the Northern Territory Government," Inpex said:

The parties are scheduled to conduct negotiations on the following 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, acknowledging Inpex's strong intention to lead the project as an operator ◼ 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.

Categories: Energy Industry News Activity Australia/NZ Carbon Capture Decarbonizaion

Related Stories

Seatrium Signs FLNG Vessel Upgrade Deal for Golar LNG

Norwegian Oil Investment Will Peak in '25

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Sapura Energy Rebrands to Vantris Energy

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

Santos and QatarEnergy Agree Mid-Term LNG Supply

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Current News

CNOOC Brings Online Another Oil and Gas Project in South China Sea

Technip Energies Gets FEED Job for Inpex’ Abadi LNG Project in Indonesia

Keppel, Seatrium in $53M Arbitration Case Over Brazil Corruption Scheme

Subsea7 Secures Work at Black Sea Field off Türkiye

CIP, Petrovietnam Team Up for Offshore Wind Project in Vietnam

Seatrium Signs FLNG Vessel Upgrade Deal for Golar LNG

EnQuest Enters Indonesia with Operatorship PSCs for Two Exploration Blocks

PXGEO Nets First Seismic Survey off Malaysia

SPE Offshore Europe 2025 set to drive transformational change for the energy sector

Shipbuilder Delivers Fast Crew Boat Pair to Aesen

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com