Inpex to ship first Ichthys LNG cargo by end of Sept
Inpex said it expects to ship first liquefied natural gas (LNG) cargo from its Ichthys project in Australia by end of September after safety issues resolved, maintaining earlier schedule.
Australian regulators had found some safety problems on the Ichthys offshore gas platform and was considering enforcement action.
Ichthys to start production after further "verifications" with safety regulators, Inpex said in statement. Inpex said it will start shipping condensate before LNG.
(Reporting by Aaron Sheldrick; Editing by Sunil Nair)
Statement:
INPEX-operated Ichthys LNG Project Prepares for Production Start-up
TOKYO, JAPAN - INPEX CORPORATION (INPEX) announced that then INPEX-operated Ichthys LNG Project’s (the Project) carried out an inspection mainly on electrical equipment during the process of final safety verifications in cooperation with Australian regulators, in preparation for the start-up of production. The Project has already completed the necessary commissioning of all key onshore and offshore facilities for production start-up.
Following additional verifications concerning the electrical equipment, the Project is
scheduled to commence production, and will thereafter begin the shipment of products1
towards the end of the first half of the current fiscal year.
1. Products will be shipped in the order of condensate, liquefied natural gas (LNG) and liquefied petroleum gas (LPG)
2 April to September 2018 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.
The impact of this matter on the consolidated financial results forecasts for the year ending
March 2019 is currently being evaluated taking into account the oil price outlook and other
factors, and will be announced immediately if forecasts are revised
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