Inpex : Itoigawa Gas and Water Bureau and INPEX Enter Natural Gas Carbon Neutralization Agreements

June 12, 2024

Itoigawa Gas and Water Bureau and INPEX Enter

Natural Gas Carbon Neutralization Agreements

Itoigawa Gas and Water Bureau

INPEX CORPORATION

Itoigawa Gas and Water Bureau in Niigata Prefecture and INPEX CORPORATION (INPEX) jointly announced today they entered into an agreement on the carbon neutralization of natural gas and commenced the supply of carbon neutral gas on April 1, 2024.

Itoigawa Gas and Water Bureau will promote the efficient use of natural gas, which has a limited environmental impact and promote the reduction of CO2 emissions through fuel conversion for customers.

INPEX will provide a stable supply of diverse and clean energy through decarbonizing its oil and natural gas business as outlined in its "Long-term Strategy and Medium-Term Management Plan (INPEX Vision @2022 | INPEX CORPORATION)" formulated in February 2022. In this plan, INPEX lays out its long-term strategy towards 2030 and 2050 as well as the company's medium-term business plan, which consists of specific goals and initiatives covering the three-year period from 2022 until 2024, reflecting changes in INPEX's management environment.

INPEX will work closely with city gas business operators to which it supplies wholesale natural gas and implement measures contributing to the reduction of greenhouse gases on a global scale alongside its customers by responding to their needs through providing a stable supply of natural gas as well as solutions such as carbon neutral gas and other forms of clean energy.

About carbon neutral gas

The neutrality of the natural gas is based on carbon credits certified by a credible certifier as deriving from CO2 reduction efforts at forest conservation projects, etc. around the world. Greenhouse gas emissions have been offset throughout the entire value chain process from development to combustion.

Itoigawa Gas and Water Bureau will supply the carbon neutral gas to businesses that meet the following conditions.

• Conditions for Supply >
• The applicant has concluded or applied for a major contract or an optional contract (compact air conditioning contract or summer air conditioning contract) for a building category other than a general multifamily dwelling or a general dwelling.
• The scheduled annual use of carbon neutral gas is 1,000m3 or more per year.

Itoigawa City Gas Supply Regulations Subject to Carbon Neutralization Itoigawa City Gas Supply Application for Carbon Neutralization

Media Contact:

Itoigawa City, Tel) [phone]

INPEX, Public Relations Group, Tel) [phone]