|Domestic Natural Gas Overview|
|Producing: Total oil and gas fields
(FY 2012 average)
|Natural gas: Approx. 134 MMcf
Crude oil and condensate: Approx. 4 Mbbld
|Natural gas sales (FY 2012)||Approx. 1.75 billion m³|
Discovered in 1979 and in production since 1984, Minami-Nagaoka is one of the largest gas fields in Japan. After processing, the natural gas is transported through a 1,400km trunk pipeline network stretching across the Kanto and Koshinetsu regions that surround the greater Tokyo metropolitan area and delivered to city gas companies and industrial customers along this network.
INPEX has experienced substantial sales growth in recent years due to sharp rises in the prices of competing fuels, as well as the highly environmentally friendly attributes of natural gas. The target is for medium- to long-term annual sales of 2.5billion m³ by the early 2020s and in the 3.0 billion m³ range over the long term, reflecting further capacity increases for our core Shin Tokyo Line and developmentof the Toyama Line (extending from Itoigawa City, Niigata Prefecture, to Toyama City, Toyama Prefecture), construction of which began in April 2012.
In order to support this growth, supply capacity and reliability have been enhanced through the introduction of LNG from Shizuoka Gas Co., Ltd., in 2010. INPEX decided to build an LNG terminal at Naoetsu, Joetsu City, in Niigata Prefecture, which is slated to start in the beginning of 2014.
At the Naruto Gas Field in Chiba Prefecture, natural gas dissolved in water is being produced. Natural gas dissolved in water is contained in underground "brine water." We pump up the brine water, extract natural gas and supply the gas to surrounding areas. The brine water also contains high levels of iodine.We export the iodine to Europe, the United States and elsewhere.