Inpex Corp (FRA:V8W)

€ 11.9 -0.1 (-0.83%) Market Cap: 14.41 Bil Enterprise Value: 20.16 Bil PE Ratio: 6.51 PB Ratio: 0.50 GF Score: 69/100

Inpex Corp Business Development Strategy Transcript

Jan 27, 2021 / NTS GMT

Transcript

Takayuki Ueda

Inpex Corporation - CEO, President & Representative Director

I am Ueda, President and CEO of INPEX Corporation. I would like to thank you all very much for attending at a busy time. As you all know, INPEX Corporation is a company that has mainly worked on the development and production of oil and natural gas.

As you know, Prime Minister Suga recently announced that Japan, too, would aim to be a net zero carbon society by 2050. Such movements have also been occurring frequently around the world. Many people ask me what will INPEX do going forward? Today, I would like to talk to you about our business development on how we will respond towards a net zero carbon society by 2050.

In terms of our basic policy, we have outlined a few points here. We say net zero carbon society, but this does not mean that demand for oil and gas will disappear tomorrow. Therefore, we, over the long term, will need to fulfill our responsibility for the development and stable supply of energy. However, we will, of course, also need to change towards a net zero carbon society by 2050 and reform is

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