INPEX CORPORATION (INPEX) announced that through its subsidiary INPEX Masela Ltd., it has extended a memorandum of understanding (MOU) with PT Pertamina (Persero) (Pertamina) on a strategic collaboration to proactively pursue the implementation of the Abadi LNG Project in Masela Block in the Arafura Sea in Indonesia, originally signed in July 2023*.

*INPEX Signs MOU on Strategic Collaboration with PT Pertamina (Persero) INPEX also signed a memorandum of understanding (MOU) on upstream business in Indonesia and Southeast Asia with PT Pertamina Hulu Energi (PHE), a subsidiary of Pertamina. INPEX has participated in upstream business activities in Indonesia since the 1960s and is currently advancing projects including the Abadi LNG Project as the operator.

Through both MOUs, INPEX and Pertamina will continue to collaborate strategically on a wide range of fields with a focus on the Abadi LNG Project’s value chain, while INPEX aims to form a cooperative effort with PHE on upstream business in Southeast Asia, with a particular focus on Indonesia. INPEX expects both MOUs to contribute to the expansion of its natural gas and LNG business outlined in INPEX Vision 2035 announced in February 2025. INPEX is also committed to further strengthening its business in Southeast Asia with a particular focus on Indonesia and will continue to actively engage in this effort.

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.

About Pertamina (Persero)

Pertamina has strong commitment to providing energy and developing new and renewable energy in order to sustain the national energy security and self-sufficiency. As a holding company in energy sector officially announced by the Indonesian Ministry of SOEs on June 12th, 2020, Pertamina now plays a strategic role in leading its six Sub-holdings which includes Upstream Subholding whose operation is placed under PT Pertamina Hulu Energi, Gas Subholding which is operated under PT Pertamina Gas Negara, Refinery & Petrochemical Subholding which is operated under PT Kilang Pertamina Internasional, Power & NRE Subholding managed under PT Pertamina Power Indonesia, Commercial & Trading Subholding operated under PT Patra Niaga, as well as Integrated Marine Logistics Subholding operated under PT Pertamina International Shipping.