Inpex Considering Shale Gas Development in Australia

Economy Science Technology

Sydney, Aug. 2 (Jiji Press)--Major Japanese resources developer Inpex Corp. <1605> is considering developing shale gas in Australia, President and Chief Executive Officer Takayuki Ueda revealed Friday.

In July last year, Inpex started liquefied natural gas production under its Ichthys offshore LNG project in northern Australia.

About 40 pct of the Inpex's group net profit for the year that ended in March 2019 came from the Ichthys field.

"There is room for expansion in Ichthys," Ueda told reporters in Sydney, showing his company's eagerness to produce gas from other offshore fields in order to increase the production of LNG at the Ichthys field.

After de facto approval for shale gas drilling made by the local government of Australia's Northern Territory, Inpex will "consider the possibilities" for shale gas development, Ueda said.

[Copyright The Jiji Press, Ltd.]

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