December 24, 2021

INPEX and SAITAMA GAS Sign Agreement on Carbon Neutralization of Gas

INPEX CORPORATION

SAITAMA GAS Co.Ltd.

INPEX CORPORATION(INPEX) and SAITAMA GAS Co. Ltd. (SAITAMA GAS) jointly announced today they entered into an agreement on the carbon neutralization of gas. Through this agreement, SAITAMA GAS will purchase carbon neutral gas from INPEX and convert the natural gas utilized by its offices and facilities to carbon neutral gas.

Through its city gas business, SAITAMA GAS has endeavored to contribute to regional development by providing a stable supply of energy with limited environmental impact. Given the requirement for greenhouse gas emissions reductions on a global scale, SAITAMA GAS will take the opportunity of this shift to carbon neutral gas consumption to continue working with the local community and create a more environmentally friendly society in order to fulfill its social responsibility as an energy supplier.

INPEX, as outlined in its "Business Development Strategy - Towards a Net Zero Carbon Society by 2050", has set goals to achieve its own net zero carbon emissions by 2050 and will proactively engage in energy structure reforms towards the realization of a net zero carbon society. The company will work closely with city gas business operators to which it supplies wholesale natural gas and implement measures contributing to the reduction of greenhouse gases on a global scale alongside its customers by responding to their needs through providing solutions such as carbon neutral gas and other forms of clean energy.

About carbon neutral gas

The neutrality of the natural gas to be supplied through this agreement is based on carbon credits certified by a credible certifier as deriving from CO2 reduction efforts at global forest conservation projects, etc. based around the world where greenhouse gas emissions have been offset throughout the entire value chain process from development to combustion.

Media Contacts:

SAITAMA GAS Tel) +81-48-571-1335

INPEX Tokyo Office, Public Relations Group, Tel) +81-3-5572-0233

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Inpex Corporation published this content on 24 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 December 2021 04:06:01 UTC.