INPEX Confirms First LNG Cargo From Ichthys LNG Project

INPEX CORPORATION (INPEX) confirmed the first shipment of liquefied natural gas (LNG) has departed from the INPEX-operated. Ichthys LNG Project at its onshore gas liquefaction plant in Darwin, Northern Territory. The first LNG shipment is destined for the INPEX-operated Naoetsu LNG terminal in Niigata Prefecture in Japan.

Image Credits: inpex.com.au

“First cargo from Ichthys LNG is a historic moment for INPEX Japan and Australia. It demonstrates our commitment to being a safe, reliable long-term energy supplier,” said INPEX President Director Australia, Seiya Ito.

“Ichthys is an iconic project for Australia. With an operating life of around 40 years, Ichthys LNG will be delivering benefits to the Australian economy and community for decades to come.”

Ichthys is scheduled to gradually increase its production volume of LNG to approximately 8.9 million tonnes of LNG per year when it reaches its production plateau – this is equivalent to more than 10 per cent of Japan’s annual LNG import volume.

Approximately 70 per cent of the LNG produced by Ichthys LNG is scheduled to be supplied to Japanese customers, further contributing to the stable supply of energy to Japan and helping to meet energy demand in Asia and the rest of the world.

The departure of the LNG cargo follows the Project’s shipment of field condensate (ultra-light crude oil), which commenced on 1 October 2018, as announced on the same day.

The Project is also scheduled to commence the shipment of liquefied petroleum gas (LPG) later this year.

INPEX will continue to work toward achieving stable production and an early ramp-up at the Ichthys LNG Project with the understanding and cooperation of all its stakeholders, including Ichthys Joint Venture participants, the local communities, the Australian federal government and the governments of Western Australia and the Northern Territory.

Reference: inpex.com.au

Source: Maritime Shipping News