INPEX to Reorganize Natural Gas Business Division
INPEX Corporation has announced that it will reorganize its natural gas business operations in Japan in a bid to strengthen them.
The company plans to establish the ‘Domestic Energy Supply & Marketing Division’ through the reorganization of its existing ‘Oil & Gas Business Division 2’ and ‘Gas Supply & Infrastructure Division’. These changes are scheduled to come into effect April 1.
“This reorganization reflects the company’s response to changes in the natural gas business environment in Japan, including growing competition in the Japanese natural gas market triggered by the full liberalization of the gas retail market that will come into effect in April this year,” INPEX said in a company statement.
“The reorganization is designed to allow INPEX to respond more flexibly and productively to this changing environment and strengthen its natural gas business operations in Japan,” the statement added.
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