INPEX CORPORATION (INPEX) announced that it has reached agreement in principle with bp, PT Perusahaan Gas Negara Tbk, PT PLN Energi Primer Indonesia and Shell Eastern Trading (Pte) Ltd relating to LNG offtake from the Abadi LNG Project in the Masela Block offshore Indonesia.

INPEX has also reached agreement in principle with PT Pupuk Indonesia (Persero) regarding pipeline natural gas supply from the Abadi LNG Project. This development was announced at the Indonesian Petroleum Association Convention and Exhibition (IPA Convex) held near Jakarta, Indonesia, on May 20, 2026.

INPEX is currently advancing the large-scale Abadi LNG Project as operator through its subsidiary INPEX Masela, Ltd., in partnership with its joint venture partners PT Pertamina Hulu Energi and PETRONAS Masela Sdn. Bhd.

INPEX will now work with the prospective customers toward finalizing sale and purchase agreements (SPAs) that collectively are expected to cover a significant portion of the project’s anticipated LNG production volume. The agreement in principle relating to LNG offtake represent an important milestone for the project and contribute to steady progress toward a final investment decision. In addition, the agreement in principle regarding pipeline natural gas supply is expected to lead to a gas sales agreement (GSA).

The discussions are also aligned with the Indonesian government’s focus on optimizing domestic natural resource utilization and are expected to support energy demand growth across the Asia-Pacific region.

The Abadi Gas Field, with its significant volume of resources, is expected to support efficient development and stable production of LNG and pipeline natural gas over the long term.

About INPEX

INPEX is Japan’s largest exploration and production (E&P) company, engaged in the development and operation of oil and gas projects worldwide. We are committed to contributing to a brighter future by delivering energy in a sustainable way. As part of this commitment, we are also engaging in lower-carbon solutions such as CCS, hydrogen and integrated power supply, while pursuing new opportunities in the evolving Energy landscape.