Japan's Inpex sees minimal cost overrun on Ichthys LNG project
5/12/2017
TOKYO (Reuters) -- Japan's biggest oil and gas explorer Inpex Corp sees minimal cost overruns on its Ichthys LNG export plant in Australia because of a start-up delay, a senior executive said on Friday.
The cost overrun could be up to a few percent if any, and there would be no material impact to the project, Inpex's Senior Managing Executive Officer Masahiro Murayama told Reuters on the sidelines of the company's full-year earnings results.
Inpex two weeks ago delayed the Ichthys start by up to six months from its original target of the third quarter this year, citing delays in the installation of offshore production facilities.
Reporting by Osamu Tsukimori; Editing by Christian Schmollinger
Sign up to Receive Our Newsletter
- Gasum powers Equinor's platform supply vessel with bio-LNG
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- Brazil's fossil push undermines Lula's green ambitions
Comments