Gas, and LNG in particular, is at the heart of INPEX's strategy. The company is close to concluding its largest and most complex development, and there is immense pressure to deliver. Timely execution of the western Australian Ichthys LNG project will underpin INPEX's financial position, production growth and reputation. Ichthys is now expected to come onstream in April 2018, a six-month deferral to revised guidance and a 15-month delay to initial target. Exploration will also be key in INPEX's long-term strategy. It has adopted an aggressive acreage capture strategy to rebuild its opportunity set. DROs are being targeted, through licence extensions at key areas (including the UAE and Azerbaijan) and new opportunities in deepwater Mexico and onshore Iran. In addition, INPEX has also acquired unconventional acreage in Australia and has entered into a joint study agreement with JOGMEC and Nexen (CNOOC Ltd) relating to shale gas in Canada.