INPEX is operator of Ichthys LNG, one of the world's largest and complex energy developments. Along with our Ichthys Joint Venture participants, we are committed to decarbonising Ichthys LNG and achieving net zero by 2050.

Deployment of CCS is the single largest step in our decarbonisation roadmap for Ichthys, representing a reduction of around 40% of total GHG emissions. Reforms to the Federal Government’s Safeguard Mechanism during 2023 have further reinforced the need for Australia’s large industrial emitters to urgently pursue direct abatement of GHG emissions. 

Creation of a CCS hub in Darwin would provide major decarbonisation opportunities not only for existing large emitters including LNG facilities, but also for potential new industries within the Middle Arm Sustainable Development Precinct (MASDP). Furthermore, the relative proximity of Darwin to Asian markets provides scope for potential development of CO2 import and storage services, thereby facilitating regional decarbonisation.

INPEX is also leading Bonaparte CCS, a joint venture with TotalEnergies and Woodside, for appraisal of a large-scale storage site utilising deep saline aquifers of the Petrel sub-basin.  Our goal is to prove up a storage site far larger than is required just for Ichthys LNG and support the establishment of a multi-user, multi-industry CCS hub.