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Ichthys LNG Project
The Ichthys LNG Project is a project led by INPEX alongside one of the world’s major oil companies, France’s TOTAL developing a gas and condensate field off the shore of Western Australia. This is the first time a Japanese corporation is acting as the operator, taking the lead in a large-scale LNG development project.
Through its Australian subsidiaries, Chubu Electric Power Company ("Chubu") acquired 0.735% participating interest in the development of the Ichthys gas-condensate field and in the exploration permit, and shares in the liquefaction company Ichthys LNG Pty Ltd (hereinafter referred to as “Ichthys LNG”) in 2012.
A purchasing contract for 1.54 million tons of LNG per year over 15 years was also agreed upon. JERA succeeded to this project from Chubu in July 2016.
Ichthys LNG Project Outline
|Gas and Condensate Field||Offshore the northern coast of Western Australia|
Darwin, Northern Territory
LNG: 8.9 MTPA (4.45 MTPA x 2 trains)
Condensate: Approx. 100,000 barrels/day (at peak)
|Supply Start||October 2018|
Osaka Gas: 1.200%
Kansai Electric : 1.200%
Toho Gas: 0.420%