INPEX targets startup this month

INPEX says it will begin production at its Ichthys LNG development in the Northern Territory by the end of May.

Trial operations at the project’s offshore central processing facility (CPF) will be completed by the end of the month, followed by the first production of gas, Inpex Senior Managing Executive Officer Masahiro Murayama told reporters at an earnings press conference.

Getting the project going will be a boost for INPEX, which has seen costs for Ichthys blow out to more than $37 billion due to technical difficulties and contractor disputes.

It was originally slated to start in 2016.

The Ichthys LNG Project comprises an onshore LNG processing plant, offshore processing facilities, condensate storage, a 500 MW combined-cycle power plant and an 889 km, 1,050 mm diameter offshore pipeline.

The project will develop gas from the Ichthys gas field, located in permit WA-285-P in the Browse Basin, approximately 200 km offshore northwest Australia.

Joint venture interests in the project are INPEX (63.445 per cent), TOTAL (30 per cent), CPC (2.625 per cent), Tokyo Gas (1.575 per cent), Osaka Gas (1.2 per cent), Chubu Electric (0.735 per cent) and Toho Gas (0.420 per cent).

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