Ichthys LNG project at halfway mark
PERTH (miningweekly.com) – The construction of the A$10-billion Ichthys liquefied natural gas (LNG) project, offshore Western Australia, has reached the halfway mark.
“With first production a little more than two years away, our operations team is working hard to prepare for start-up and commissioning, and we remain absolutely focused on successfully delivering the second half of this world-class project,” said MD for the project, Louis Bon.
The Ichthys project is expected to produce 8.4-million tonnes of LNG and 1.6-million tonnes of liquid petroleum gas a year, along with about 100 000 barrels of condensate a day at peak.
Production is expected to start by the end of 2016.
Ichthys includes an offshore project with subsea facilities and two large floating platforms, an onshore project featuring a 8.4-million-tonne-a-year LNG plant in Darwin, and a 889 km 42-inch gas transmission pipeline.
Project developer Inpex said this week that reaching the 50% complete mark was a significant milestone for the company.
“For Inpex, this is a major step towards the successful start-up of our flagship Ichthys LNG project, which with an operational life of at least 40 years, is integral to realising our medium- to long-term vision for growth,” said Inpex president director for Australia, Seiya Ito.
About 70% of the contracted Ichthys LNG will go to Japanese utilities, some of which were now joint venture participants.
The remainder will go to Taiwan under the very first long-term LNG supply contract secured by an Australian project with CPC Corporation. Inpex and a Total affiliate will take a total of 1.8-million tonnes of LNG a year.
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