TOKYO — Japanese energy group Inpex plans to increase production of crude oil and natural gas 30% over the next 10 years, aiming to meet electricity demand from emerging Asian economies and artificial intelligence.
Inpex will expand output of the two fossil fuels to the equivalent of 800,000 barrels a day by 2035, up from 630,000 barrels a day last year. Inpex President Takayuki Ueda laid out the company’s plans in a recent interview.