INPEX meets NT over net zero targets

The Northern Territory Government has signed a non-binding agreement with Tokyo-based company INPEX to further pursue its commitment to a net zero emissions future.

The agreement involves carbon offsets for the company’s offshore liquid natural gas (LNG) project, Ichthys, situated approximately 820 km southwest of Darwin.

This comes shortly after INPEX’s environment plan (EP) was approved by The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA). The EP allows the project to continue running for the next five years.

The Ichthys project is one of a handful in the world that incorporates the full chain of development for LNG: subsea, offshore, pipeline and onshore processing.

INPEX’s existing offset commitments include a number of marine biology monitoring and conservation programs, including monitoring the conservation status of coastal dolphins in the NT.

The company also employs state of the art dredging equipment and methodology, eliminating the risk of damaging historical sites and artefacts in the surrounding waters, which include one of Australia’s largest naval battlefields from WWII.

The agreement also included plans for a carbon capture and storage hub, increasing LNG production capacity, and establishing new energy targets alongside the goal of reaching net zero emissions by 2050.

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