Specifically, Ichthys LNG Project is the first large-scale LNG project by global standards operated by INPEX CORPORATION.
It is expected to produce approximately 8.9 million tons of LNG and approximately 1.65 million tons of LPG per annum, along with approximately 100,000 barrels of condensate per day.
The Project is called 'All Japan' for its features such as 70% of about 8.9 million tons per year of LNG produced by the project will be supplied to Japanese customers.
Also, Japanese companies play a major role in parts of the Project’s value chain, including exploration and production, building of liquefaction plants and receiving terminals, laying pipelines, and maritime transportation.
K Line Group commented that
We are proud further to mention that “K” LINE Group will be more involved in the shipment of LNG, LPG and condensate exported by the Project.
Concluding, the project’s first LNG cargo was carried by the company’s LNG carrier Pacific Breeze in October 2018, and it is planned that Aframax tankers operated by K Line’s subsidiary in Singapore will carry condensate products.