VISION 2040

Our Mission

We are committed to contributing to the creation of a brighter future for society through our efforts to develop, produce and deliver energy in a sustainable way.

Our Goal

We aim to become a leading energy company serving an essential role in global society by meeting the energy needs of Japan and countries around the world.

Targets for the Period until 2040

Becoming a top-class oil and natural gas E&P company

Expanding gas supply and enhancing flexibility in LNG supply

Expanding businesses in potential growth areas with a view to responding to climate change

Creating a culture that enables the company and its employees to grow together

Business Target(1)

Sustainable Growth of Oil and Natural Gas E&P Activities

By successfully implementing five measures and viewpoints to achieve sustainable growth, INPEX will acquire three essential components for the growth of its E&P activities.

Through the quantitative and qualitative growth of its project portfolio, INPEX aims to achieve the two Vs (Volume and Value) and become one of the top ten international oil companies.

Become a top 10 international oil company

5 Measures / Viewpoints

Exploration
Organic growth
Development/Production
Value enhancement
Asset Acquisition/M&A
Strategic portfolio reinforcement
Core Areas
Enhancement and Expansion
Operatorship
Flexibility /Technical capabilities

3 Essential components

LNG Projects

Balanced Portfolio

Growth Projects

2 Vs

Volume
Aspire to achieve a production volume of 1 million BOED
Continuously expand reserves
Value
Significantly increase net income and cash flow from operations
Improve capital efficiency
Business Target(2)

Development of Global Gas Value Chain Business

Be a key player in natural gas
development and supply in Asia & Oceania

To maximize the value of its upstream gas projects and establish a flexible organizational structure capable of responding to market changes, INPEX will need to:

  1. (1)Increase annual domestic natural gas supply volume to over 3 billion m3 annually;
  2. (2)Develop gas demand in Asia and other growing markets; and
  3. (3)Maintain and strengthen supply and demand management and trading functions.

INPEX aims to become a key player in natural gas development and supply in the Asia & Oceania region during the period until 2040.

Upstream gas projects

Business Target(3)

Reinforcement of Renewable Energy Initiatives

10% of portfolio

Develop new renewable energy projects

To proactively address climate change and meet long-term demand for renewable energy, INPEX will accelerate the development of its renewable energy business.

In addition to its geothermal power business, INPEX intends to expand its participation in wind power generation and other areas.

INPEX aims for renewable energy to account for 10% of its project portfolio in the long term.

At the same time, INPEX will lead R&D aimed at reducing greenhouse gas emissions.

Promoting CSR management and Building a Vibrant Corporate Culture

As a basis for achieving its three business targets (for the period until 2040), INPEX is implementing its CSR management having identified six key material issues in view of realizing sustainable energy development.

CSR Material Issues

INPEX will contribute to the achievement of SDGs (Sustainable Development Goals) through its businesses by strengthening existing measures to provide a stable supply of energy and address climate change.