Inpex delays production start for Ichthys LNG, increases capacity

Inpex Corp., Tokyo, said it has delayed the production start for the Ichthys LNG project to third-quarter 2017 from yearend 2016 (OGJ Online, May 24, 2010).

It has also raised production capacity 6% to 8.9 million tonnes/year from the initially planned 8.4 million tpy.

The delay comes after a detailed review of the development schedule for the project off Western Australia. Overall development was about 74% complete in June, the company said (OGJ Online, July 8, 2014).

The increase in LNG production capacity is based on Inpex’s recent technical information and evaluation, it said. The revisions are expected to increase project investment by as much as 10%.

The company said it expects a shortened time frame between the start of production and the point where stable production is reached. All the LNG initially planned to be produced has been sold, with about 70% going to Japan.

Operator Inpex has 62.245% interest in the project, which will liquefy natural gas from the Ichthys gas-condensate field at an onshore gas liquefaction plant in Darwin, Northern Territory.

Inpex acquired an offshore exploration permit in 1998 and a final investment decision on the project was announced in January 2012.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...