Japan's Inpex Signs 15 Year Deal to Buy Persian Gulf LNG Japan's largest oil and gas exploration company, Inpex, has signed a 15 year agreement with Iran's Pars Oil and Gas Company to purchase liquefied natural gas (LNG).
This deal marks a significant development in the global energy landscape, with far reaching implications for Japan's energy security and its relations with major Asian nations.
Understanding the Deal: What Does Inpex's LNG Purchase Mean for Japan? The agreement commits Inpex to purchasing approximately one million tons of LNG per year from Iran.