INPEX and SEIBU GAS Sign Agreement on Carbon Neutralization of Gas[PDF:83.7 KB]

November 30, 2021

INPEX and SEIBU GAS Sign Agreement

on Carbon Neutralization of Gas

INPEX CORPORATION

SEIBU GAS Corporation

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

SEIBU GAS will market carbon neutral gas so that future generations may inherit an environment where people can live in good health and with peace of mind. The company is committed to contributing to the creation of a sustainable city through the sales and purchase of carbon neutral gas, as the movement toward a carbon-free society accelerates and the public's environmental awareness and interest increases.

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 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:

INPEX Tokyo Office, Public Relations Group, Tel) [phone]

SEIBU GAS, Tel) [phone]