INPEX Corporation has signed an agreement with Chubu Electric Power Co. through subsidiary INPEX Browse E&P to assess capturing carbon dioxide (CO2) in Japan and transporting it from the port of Nagoya to Australia for storage.
INPEX was awarded a greenhouse gas storage assessment permit in the Bonaparte Basin off the Northern Territory, with TotalEnergies CCS Australia and Woodside Energy, in 2022, with CO2 injection targeted for 2030. INPEX-operated Ichthys LNG would be a natural user of the CCS solution as it seeks to cut its emissions.
It is the latest in a series of a carbon capture and storage studies involving the two countries.
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