Ichthys A$37 billion LNG Project

Overview:

• The Ichthys LNG Project is a joint venture between INPEX group companies, Total, CPC Corporation Taiwan and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Kansai Electric Power, JERA, and Toho Gas.
• First discovered in 2000, the project is one of the most significant oil and gas developments in the world with an operating life spanning four decades.
• Gas from the Ichthys Field, in the Browse Basin offshore Western Australia, will undergo preliminary processing offshore to remove water and raw liquids, including condensate. The gas will then be exported to the onshore processing facilities in Darwin via an 890 km pipeline.
• The onshore contract value is approximately A$15 billion and total project value is A$37 billion.
• The Ichthys LNG Project is expected to produce up to 8.9 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak. 

Adam Majeed - Regional editor