Chief Minister Meets With INPEX Corporation CEO Toshiaki Kitamura

Chief Minister Meets With INPEX Corporation CEO Toshiaki Kitamura

Northern Territory Chief Minister Michael Gunner

INPEX Agreements Support Territory Jobs And Growth

Victor P Taffa

Chief Minister Michael Gunner has met with Representative Director President and CEO of INPEX Corporation, Mr. Toshiaki Kitamura, signing two important agreements that will support future jobs and economic growth in the Territory.  

Chief Minister Gunner said he had been invited by Mr. Kitamura to visit Japan and had promised to visit Tokyo within his first three months as Chief Minister as a demonstration of his commitment to strengthening the relationship.

“As promised, I met with Mr. Kitamura in Tokyo to keep building this important relationship with him and with INPEX.” Chief Minister Gunner said.

“I believe this relationship was not given enough respect and attention by the previous Government so I made it very clear that my Government will be different.”

“Significantly, INPEX further demonstrated its commitment to strengthening the working relationship with the Territory by formally signing two important agreements supporting local jobs and economic growth.”

Chief Minister Gunner said that both the Recognition of and Recommitment to Industry Participation and the Optional Development Lease agreements presented opportunities for Territory business and jobs.

“The Northern Territory Government’s priority is to create more Territory jobs which will build confidence in our economy and attract more investment.” Chief Minister Gunner said.

“The Ichthys LNG Project has at least a 40-year life and today’s agreement means there will be ongoing opportunities for Territory businesses during the plant’s operations.”

“During the construction phase, more than 1,000 Territory businesses have secured work on the project.”

More than $9 Billion in contracts, procurement and overhead commitments have been made within the Northern Territory.” Chief Minister Gunner said.

More than 8,000 people are working at Bladin Point during this final period of construction as the focus shifts to testing and commissioning works to prepare the facilities for the next 40-years of operations.

Further supporting future development in the Northern Territory, the Optional Development Lease (ODL) extension signed today, provides certainty for INPEX and its potential to grow its LNG business in the Northern Territory.

The extension of the lease creates a pathway for potential future investment in the Territory to develop additional LNG processing capacity; and in turn, positive business and employment outcomes.