Inpex Corp., the Japanese developer of the Ichthys LNG export project in Australia, has turned its mind again to finding natural gas resources onshore Japan by starting exploratory drilling operations at the Minami-Nagaoka Gas Field in Niigata Prefecture.

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Inpex Corp., Japan’s largest oil and natural gas exploration and production company and an LNG plant operator and developer, reported a doubling of earnings because of higher prices as projects advanced, including an LNG project in Indonesia.

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Inpex Corp. of Japan, operator of the Ichthys plant in Northern Australia and a shareholder in the offshore Prelude FLNG plant with Royal Dutch Shell, reported losses for 2020 and took hits on Prelude and Eagle Ford assets in the US, while forecasting a recovery in the Japanese and global oil and gas markets for the rest of 2021.

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