Name of the Project
Ichthys liquefied natural gas (LNG) project.

Location
The project is located near Darwin, in the Northern Territory, Australia.

Client
The project comprises INPEX (62.245% – operator), Total (30%), CPC Corporation (2.625%), Tokyo Gas (1.575%), Osaka Gas (1.2%), Kansai Electric Power (1.2%), JERA (0.735%) and Toho Gas (0.42%).

Project Description
The project comprises the Ichthys gas and condensate field, located in water 260 m deep, and a 889 km gas pipeline, together with an onshore LNG plant. The offshore facilities consist of a subsea well development connected to a central processing facility for gas treatment, and a floating processing, storage and offloading vessel for condensate.

Onshore installations comprise two LNG trains with a combined capacity of 8.9-million tons a year, and facilities for the extraction and export of liquified petroleum gases and condensate.

At full capacity, the offshore facilities are expected to produce 285 000 bbl/d of oil equivalent and 85 000 bbl/d of condensate.

The project is expected to have an operational life of at least 40 years.

Potential Job Creation
Not stated.

Value
The project is estimated at more than $30-billion.

Duration
Not stated.

Latest Developments
The Ichthys LNG processing facilities have officially been opened, representing the largest Japanese investment in Australian history and the largest overseas investment by a Japanese company.

Ichthys shipped its first LNG product in October this year, and is scheduled to start shipping liquefied petroleum gas later this year.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
INPEX, tel +61 86 213 6000, fax +61 86 213 6455 or email enquiries@INPEX.com.au.