Japanese INPEX Corporation announced the departure of its first shipment of condensate from the INPEX-operated Ichthys LNG Project. The cargo departed on 1st October from the Project’s massive offshore floating production, storage and offloading facility -the Ichthys Venturer- moored in the Browse Basin, 136 miles off the northwest coast of Western Australia.
Departure of the first condensate cargo from the INPEX-operated Ichthys LNG Project demonstrates our commitment to be a reliable, global energy supplier. This shipment of condensate is destined for the Asian market and signifies an important step forward as we begin to generate revenue from a project we expect will operate for 40 years to come,
… said INPEX President Director Australia, Seiya Ito.
Ichthys represents the largest discovery of hydrocarbon liquids in Australia in 40 years. The Project is effectively three mega-projects rolled into one, involving some of the largest offshore facilities in the industry, an onshore processing facility and an 890 km pipeline uniting them for an operational life of at least 40 years.
Later this year, the Ichthys Project will commence shipment of cargoes from Bladin Point near Darwin in Australia –with LNG and LPG exports expected to follow in sequence.
At peak, the Ichthys LNG Project is expected to produce:
- up to 8.9 million tonnes of LNG per annum;
- up to 1.65 million tonnes of LPG per annum; and
- up to 100,000 barrels of condensate per day.
INPEX will continue to work toward 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.
