INPEX

Status Exposed

Japanese gas company with the Ichthys LNG project at Darwin: A$36bn of revenue over eleven years, under A$500m of tax, and no PRRT projected until the 2030s.

Last on record: 2026-10-10
Named in: 12 articles
Across: 2 cases

Named in 12 articles across 2 cases 25 connections: companies 11, lobbies 1, mechanisms 4, regulators and bodies 3, agencies and departments 2, parties and organisations 1, people 3

Key figure on file

A$1 billion+

Japan resells Australian gas for more than A$1 billion per year in profit. INPEX, a Japanese company, exports more gas each year than is used in New … Michael West Media / Australia Institute

Corporate income tax paid · 2023-24

A$0

Darwin's Ichthys LNG paid zero corporate tax for the sixth year running, and has never paid resource rent tax on its exported gas. ATO Corporate Tax Transparency 2023-24.

PRRT A$0

Articles naming it

Cases it recurs across

Linked in the graph

Figures on file

Fig. 01 / Where this name appears

Australia's Gas HeistA$1 billion+Japan resells Australian gas for more than A$1 billion per year in profit. INPEX, a Japanese company, exports more gas each year than is used in Ne…9 articles →The Inflation Rort33 articles →

Fig. 01Source: article scan · every article naming itAs of 2026‑10‑10Auto-assembled

Fig. 02 / On the record

A$1 billion+Japan resells Australian gas for more than A$1 billion per year in profit. INPEX, a Japanese company, exports more gas each year than is used in New South Wales, Victoria and South Australia combined, and has paid almost no Australian tax.Source: Michael West Media / Australia InstituteThe east coast gas cartel →
INPEX A$0 PRRT and A$0 royalties; ConocoPhillips A$0 PRRT on A$17 billionThe report records that INPEX paid A$0 PRRT, A$0 royalties and A$484 million company tax on A$81.3 billion of income, and that ConocoPhillips paid A$0 PRRT on A$17 billion of sales.Source: Committee report, 7 May 2026 (ATO transparency data)The inquiry that couldn't agree →
A$36 billionin revenue over eleven years, with less than A$500 million in corporate income tax paid by INPEX’s Australian entitiesSource: ATO transparency data via Michael West MediaWe gave away the gas →
A$36bn revenue, <A$500m taxINPEX’s Australian entities over eleven years: zero royalties, zero PRRT, zero royalties projected until at least 2030Source: Michael West Media, January 2026Who profits →

Fig. 02Source: figures on file for this name, each tied to the article it came fromAs of 2026‑10‑10Auto-assembled

How we know

The sources of the 12 articles that name INPEX, by the tier the desk declared. A source supports its article, not necessarily a claim about INPEX.

Evidence strength · 236 sources across 12 articles

Primary 94
Official 18
Masthead 35
Trade 62
Aggregator 13
Unusable 1
13 not yet graded

Primary: the document itself: legislation, a court record, a filing, a regulator’s own publication
Official: the organisation’s own statement about itself
Masthead: a news organisation with a corrections policy, reporting the primary document
Trade: specialist or trade press
Aggregator: republishes others’ work
Unusable: its own sourcing cannot be established

How sources are graded

8 of 12 articles are graded on every headline finding. How findings are graded

Fig. 03 / Named together

The 12 names most often in the same articles as INPEX. A line's weight, and the number by each name, is how many articles name both. Grey chords join the neighbours most often named together themselves (two articles or more). Circles are people and organisations, squares are mechanisms. Named together is all this shows: it is not a finding about what the relationship is.

Fig. 03Source: article scan · articles naming bothAs of 2026‑10‑10Auto-assembled