by Andreas Exarheas
Wednesday, July 11, 2018
Inpex Corporation (Inpex) announces that its operated Ichthys LNG project is preparing for production start-up.
Inpex Corporation (Inpex) announced Wednesday that its operated Ichthys LNG project is preparing for production start-up.
The Japanese exploration and production company revealed that an inspection “mainly on” electrical equipment has been carried out at the project during the process of final safety verifications “in preparation for the start-up of production”.
Following “additional verifications concerning the electrical equipment”, the project is scheduled to commence output, and will then begin the shipment of products towards the end of the first half of the current fiscal year, Inpex said in a company statement.
The project has already completed the necessary commissioning of all key onshore and offshore facilities for production start-up, Inpex confirmed.
“While the project’s activity schedule going forward may fluctuate depending on weather conditions at the worksites, preparation activities and other factors, Inpex will continue to work towards the success of the Ichthys LNG project with the understanding and cooperation of all its stakeholders, including the project’s joint venture participants, the local communities, the Australian Federal Government and the governments of Western Australia and the Northern Territory,” Inpex said in a statement posted on its website.
In a statement posted on Inpex Australia’s Twitter page on July 6, the company said it had had a “productive morning discussing trade, investment, and econonic benefits of the Ichthys LNG project” with Julie Bishop MP, the Australian minister for Foreign Affairs Canberra.
Productive morning discussing trade, investment, and econonic benefits of the #Ichthys #LNG project this morning with @JulieBishopMP in #Darwin #collaboration 🇦🇺🇯🇵 #LongHaul #NT #WA #Australia #DFAT pic.twitter.com/WiFzJ3tu4E
— INPEX Australia (@inpexaustralia) 6 July 2018
Located about 136 miles offshore Western Australia, Ichthys represents the largest discovery of hydrocarbon liquids in Australia in 40 years, according to Inpex’s website, which states that the total cost for the project is $34 billion.
The Ichthys field is estimated to hold more than 12 trillion cubic feet of gas and 500 million barrels of condensate, according to Inpex.
The Ichthys LNG project is a joint venture between Inpex group companies, Total, CPC Corporation Taiwan and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Kansai Electric Power, JERA and Toho Gas.
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