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CSR
CORPORATE SOCIAL RESPONSIBILITY

Climate Change

Basic Policy

INPEX recognizes that climate change is a critical issue. Action on the part of all members of the international community is required to address this problem, and governmental policy measures, technology development, industry response, and other long-term initiatives are particularly pertinent. We are committed to fulfilling role in addressing climate change as a responsible member of the oil and gas industry. Furthermore, we will reduce greenhouse gas emissions and support government initiatives to form an effective, transparent international consensus to manage climate change risk. By promoting the use of natural gas, the cleanest fossil fuel, through means including steady implementation of our two large scale LNG projects, the Ichthys and Abadi LNG Projects, we will address climate change risk while meeting energy demand in Japan and around the world and supporting industrial development. We will also engage in wide-ranging initiatives to improve energy efficiency in our own operating processes and in society’s use of energy.
In December 2015, we developed a Position Paper to communicate to our stakeholders our basic stance on the issue of climate change, accompanied by concrete examples of initiatives.

Targets and Results

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  FY2015 Targets FY2015 Results FY2016 Targets
Meeting
energy
demand
  • Start operation of the second solar power generation facility
  • Enter the geothermal power generation business overseas
  • Promote commercialization of the geothermal power generation business in Japan
  • Promote R&D of new energy and renewable energy
  • Started operation of a second 2MW solar power generation facility in Joetsu City, Niigata Prefecture
  • Joined the Sarulla geothermal power generation project in Indonesia
  • Conducted short-term fumarolic testing in a geothermal energy development survey in the Amemasudake area of Hokkaido
  • Engaged in R&D of a sustainable carbon circulation system, artificial photosynthesis, etc
  • Ensure stable operation of solar power generation facilities
  • Start phase-one commercial operation of the Sarulla geothermal power generation project in Indonesia
  • Promote commercialization of the geothermal power generation business in Japan
  • Promote R&D of new energy and renewable energy
Contribution
to government
policies
  • Participation in the United Nations Global Compact, IOGP, IPIECA, and APPEA
  • Participation in the Japan Business Federation’s Commitment to a Lower Carbon Society Plan*1 through the JPDA
GHG
emissions
control
  • Develop a climate change risk management framework
  • Undertake energy conservation and energy efficiency improvement at operating sites and offices
  • Engage in forest conservation activities
  • Undertook energy conservation and energy efficiency improvement at operating sites and offices
  • Engaged in biannual forest conservation activities in Niigata Prefecture, planted and managed eucalyptus trees in Western Australia
  • Undertake energy conservation and energy efficiency improvement at operating sites and offices
  • Engage in forest conservation activities
Promotion
of natural
gas use
  • Promote natural gas development activities
  • Continue Toyama Line construction
  • Engage in proposal activities to promote natural gas use
  • Promoted the Ichthys and Abadi LNG Projects
  • Continued Toyama Line construction
  • Entered into a new natural gas sales agreement with a city gas operator
  • Promote natural gas development activities
  • Expand the pipeline network, including starting of shared use of the Toyama Line
  • Engage in proposal activities to promote natural gas use
CCS
  • Promote CCS demonstration testing initiative
  • Promote initiatives in the oil and natural gas development business
  • Participated in establishment of Geological Carbon Dioxide Storage Technology Research Association
  • Participated in a CCS-EOR business feasibility study in southern Mexico
  • Continue to promote CCS commercialization
  • Promote initiatives in the oil and natural gas development business

*1 Commitment to a Lower Carbon Society Plan : This is an action plan in which since FY2013 Japan Business Federation has called on various trade associations to participate and coordinated their GHG emissions reduction initiatives. The JPDA participates in the action plan and has set targets for GHG (excluding concomitant CO2) emissions from mining facilities in domestic oil and natural gas development projects.

Case Study 1

Development of a Position Paper on the Climate Change

Public interest in the climate change problem has further increased since the Paris Agreement at the COP21 conference in December 2015. We have engaged in various climate change initiatives to date, and in December 2015, following discussion by the Board of Directors, we compiled a Position Paper on climate change that follows the format of the industry opinion statement issued by the International Petroleum Industry Environmental Conservation Association (IPIECA), of which we are member. ("INPEX’s current initiaitives" in the Position Paper were updated in February 2017.)
We will address the problem of climate change in accordance with the following five key pillars articulated in the Position Paper.

Five Key Pillars of the Position Paper
  • Meeting energy
    needs
    In response to predicted expansion of energy demand due to population increase, we aim to reduce greenhouse gases through the stable supply of wide-ranging sources of energy, including renewables, oil and natural gas.
  • Effective
    policy
    We contribute to effective government policies to solve climate change problems through international initiatives and cooperation and dialogue with industry organizations, governments and other entities.
  • Managing our
    emissions
    We support reduction of greenhouse gas emissions by promoting energy efficiency improvement in our production operation as well as more efficient energy use by society as a whole.
  • Natural gasStrive to popularize use of natural gas, the most environmentally superior fossil fuel, by means including large-scale LNG project development and conversion to natural gas as a fuel for electric power generation.
  • Carbon Capture
    and Storage
    We promote public-private sector partnership in initiatives for the demonstration of Carbon dioxide Capture and Storage (CCS), which is attracting attention as a key technology effective in greenhouse gas emissions reduction.

 

Case Study 2

Participation in the Sarulla Geothermal IPP Project

We defined “Reinforcing our renewable energy initiatives” as a growth target in our Medium- to Long-term Vision, which articulates a vision in the 2020s. We engage in both geothermal power generation and solar power generation business.
One of these initiatives came about as we were searching for an opportunity to participate in a renewable energy business in Indonesia. We received an offer from Medco Energi Internasional, a major Indonesian energy company, to sell 49% of the 37.25% interest in the Sarulla Geothermal Independent Power Producer (IPP) Project held by a Medco subsidiary. As a result of careful consideration, we decided to formally participate in the project and acquired 18.2525% of the Medco subsidiary’s shares through our subsidiary INPEX Geothermal Sarulla, Ltd in June 2015.
The project, the world’s largest single-contract geothermal power plant project, is located in the Sarulla Geothermal Field in North Sumatra Province. We and consortium partners ITOCHU Corporation, Kyushu Electric Power Co., Inc., Medco Energi Internasional and Ormat Technologies, Inc. will jointly develop geothermal resources in the geothermal field, owned by Pertamina Geothermal Energy, a subsidiary of stateowned oil and gas company PT Pertamina, through their respective subsidiaries and Sarulla Operations Ltd., a jointly established project operating company. The partners will construct a geothermal power plant with a maximum capacity of 330MW and sell the electricity generated by the plant to PLN, an Indonesian state-owned electricity company, for a period of thirty years. Construction of the power plant began in 2014, and the plant is scheduled to scale up commercial operation in stages from 2016.
The project, part of the stage-2 10,000MW power development promotion program announced in 2010 by the Indonesian government for the purpose of boosting renewable energy use, is expected to help meet electricity demand and contribute greatly to Indonesia’s economy, which is experiencing significant economic growth.

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