Message from the President & CEO

Our business environment is becoming increasingly challenging, shaped by geopolitical risks and rapid, unpredictable changes in market conditions.

Even in such times, we firmly believe that our most important mission is to continue to fulfill our responsibility to society.

We will do so by ensuring a safe and stable supply of energy, while steadily working toward decarbonization, with safety as our highest priority, always.

The INPEX Group places the highest priority on protecting the health and wellbeing of all people involved in our operations, including our employees and contractors.

Regrettably, two major incidents occurred at our worksites in 2025, and we take this with the utmost seriousness.

By strengthening HSE risk management at our worksites, enhancing HSE training and reinforcing project management, we are committed to fostering our further strengthening a strong culture of safety across our organization.

When we look at the global energy landscape, the conversation has shifted away from the energy transition, which was widely emphasized seven to eight years ago. Today, greater importance is being placed on energy security and affordability, as the world faces growing geopolitical risks and rising costs of clean energy. In recent days, the conflict in Iran has further heightened awareness of energy security around the world.

Under these circumstances, natural gas is expected to see sustained growth in demand across Asia over the long term, as it is an energy source that addresses both security and environmentals.

At INPEX, we intend to actively pursue a wide range of LNG projects. At the same time, we believe that low-carbon energy solutions—such as renewable, hydrogen, and CCS^*1—will become increasingly important, particularly considering the recent energy crisis.
Traditionally, low-carbon energy solutions such as renewables, hydrogen and ammonia have been discussed primarily from the perspective of climate change mitigation.

However, shifts like the transition from gasoline-powered vehicles to electric vehicles, and from heavy marine fuel oil to LNG, methanol and ammonia, also could be justified from an energy security perspective, as they promote fuel diversification and reduce excessive reliance on specific fossil fuels. Furthermore, CCS is gaining prominence as a key solution for reducing CO₂ emissions in a scenario where the use of fossil fuels is expected to continue over the long term.

Based on this understanding, we will move forward in meeting growing energy demand by expanding the supply of natural gas and LNG, while also addressing sustainable energy solutions, including renewable, clean hydrogen, and CCS usage.

Addressing climate change is an issue of critical importance to society and requires steady, sustained action. We view the energy transition not as a risk, but as an opportunity for growth and value creation. From this perspective, we have set a target to reduce our greenhouse gas emissions intensity by 60% by 2035, while advancing initiatives that balance decarbonization with the need to meet growing energy demand.

In our operations outside of Japan, we continue to promote safe and stable operations. We are advancing our CCS project in northern Australia into the conceptual design phase, taking concrete steps toward contributing to regional decarbonization. Also, in the renewable energy and power sectors, we are steadily expanding our business foundation through partnerships and collaboration.

In Japan, we are advancing the Metropolitan Area CCS Project and have begun trial operations at the Kashiwazaki Hydrogen Park—the first facility of its kind in Japan. We are also launching new initiatives in the power and related business fields.

We believe these efforts represent important steps toward achieving both a stable energy supply and decarbonization at the same time.
Finally, none of our business activities would be possible without the understanding and cooperation of the local communities in which we operate.

We believe that engaging in dialogue with local communities, listening to their views with sincerity and conducting our business in harmony with regional development activities create the foundation of a sustainable energy supply. As a member of these local communities, we will continue to act responsibly and strive to remain a trusted partner.