Abstract

This presentation focuses on current status and future possibility regarding the commercialization of Indonesian and Oceania natural gas projects. The topics cover both LNG projects and pipeline gas projects.With respect to the LNG business, Indonesia and Australia play a vital role for supplying LNG to the Asian core markets (Japan, South Korea, Taiwan). Indonesia has 2 existing supply sources (Bontang / Arun). Tangguh is under development for Indonesia's 3rd LNG production center. INPEX's Masela and Pertamina's Donggi are under investigation for future LNG projects.In Australia, the existing NorthWest Shelf project continues to grow and Bayu-Undan (Darwin LNG) is under constructing. For future projects, Greater Sunrise, Gorgon and INPEX Browse are under consideration.Regarding the LNG markets, LNG suppliers are widely interested in the China and North America West Coast as emerging markets, but have some subjects to be resolved. And while the globalization of LNG market is ongoing, a wave of changing the business model and the terms of the sales / purchase contracts is required for our LNG projects to compete with other projects. INPEX have interests in Bontang / Tangguh/Bayu-Undan as non-operator and Masela/Browse as operator. INPEX would like to expand LNG business in this region for our future growth.For pipeline gas business in these two regions, it is immature compared with Europe / North American markets. However, to catch up with domestic gas demand, expansion of the gas pipeline network is necessary.Furthermore, INPEX has interests in NorthWest Java / SouthEast Sumatra projects etc. in Indonesia and Griffin project etc. in Australia.

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