Inpex, Northern Territory sign net-zero pact

Japan’s Inpex Corp has signed a statement of commitment to a net zero emissions future with the Australian state of Northern Territory, it said on July 21.

Inpex’s Ichthys LNG project’s onshore gas liquefaction plant is in the state. As the operator of the project, the Japanese company oversees Ichthys production and operations in cooperation with its partners.

The parties are scheduled to conduct negotiations on increasing LNG production capacity and expanding the onshore production facilities at Bladin Point on the outskirts of Darwin and increasing stable and clean energy supply and security for the Asia Oceania region.

The companies also plan to create a multi-user carbon capture and storage hub at the Middle Arm Sustainable Development Precinct, which includes Bladin Point. They also plan to strengthen and increase local skills development and service and supply capabilities by supporting Territory businesses and people as a platform for the future and establish renewable energy targets, technology, and electrification as well as nature-based solutions to support a net zero society by 2050.