Inpex earnings
Feb 13 (LNGJ) - Inpex Corp., the Japanese oil and gas company with LNG assets in Australia and Indonesia, reported a 6.8 percent decline in annual consolidated net sales to 2.16 trillion yen ($14.5 billion) from 2.32 trillion yen ($15.57Bln) in 2022 due to a fall in the price of crude oil. Inpex reported a 19.4 percent drop in annual net profits to 371.53 billion yen ($2.49Bln) from 461.06Bln yen ($3.09Bln) in 2022.
Net sales of crude oil fell by 9.5 percent to 1.61 trillion yen ($10.78Bln) from the previous year while net sales of natural gas increased by 2 percent to 535.7 billion yen ($3.59Bln). “The average sales price of overseas natural gas decreased by $1.27, or 18.4 percent, to $5.62 per thousand feet. The average sales price of domestic natural gas in Japan increased by 9.9 percent to 90.08 yen ($0.605) per cubic metre,” said Inpex.
Japanese Asia-Pacific LNG producer and developer Inpex reports increased profits and operating activities
Inpex Corp. the leading Japanese energy company and operator of the Ichthys LNG plant in Australia and developer of the Abadi liquefaction project in Indonesia, reported a jump in earnings and operating activities.
Japanese LNG producer Inpex reports doubling of earnings on higher oil and gas prices as projects advance
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.
Inpex reports loss
Nov 6 (LNGJ) - Inpex Corp., the largest Japanese exploration and production company and an Australian LNG plant operator, reported an almost 30 percent fall in nine-month sales to 592.79 billion yen ($5.72Bln) and reported a net loss of 125.42Bln yen ($1.21Bln) during the period compared with a profit last year of 121.66Bln yen ($1.17Bln). Inpex, which is operator of the Ichthys plant at Bladin Point near Darwin and is also a shareholder in Prelude FLNG, as well as being a partner Royal Dutch Shell in an onshore project for Indonesia, said the earnings drop was due to weak energy prices, leading it to write-down some assets values.
“The average sales price of overseas crude oil decreased by US$25.83, or 39.7 percent, to US$39.30 per barrel. In addition, the average sales price of overseas natural gas decreased by US$0.48, or 11.5 percent, to US$3.70 per thousand cubic feet. Meanwhile, the average sales price of domestic natural gas decreased by 6.19 yen, or 11.1 percent, to 49.71 yen per cubic metre,” Inpex explained.
