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Japan's INPEX Starts LNG Shipment from Australia's Ichthys PJ
= 'Pacific Breeze' heading to Naoetsu =
Japan's INPEX Corporation announced on 23rd that it has started LNG shipping from the Ichthys LNG project, northern Australia that the Company serves as the operator. It shipped LNG produced at an onshore liquefaction terminal in Darwin by an LNG carrier "Pacific Breeze." The project plans to ramp up the production volume in the next two to three years -- in the full operation, the project produces 8.9 million mt a year of LNG, about over 10% of Japan's total LNG imports.

The first LNG will be accepted at INPEX's Naoetsu LNG terminal now in operation in Niigata. According to a maritime report, Pacific Breeze departed Darwin on October 23rd and is expected to arrive in Naoetsu on around October 30th. A ceremony for Ichthys' production start-up is planned in this November.

In addition to the 8.9 mtpa of LNG, the Ichthys LNG project produces about 100,000 barrels a day of condensate and about 1.65 million mt a year of LPG. Prior to LNG, the project already commenced condensate shipping on October 1st and plans to ship LPG in the near future.

About 70% of LNG from the project, 5.67 mtpa, is provided to Japanese buyers such as JERA and Tokyo Gas etc. The valuable source has been added into the LNG market prior to the coming winter demand season, which could be a factor for further weighing on the spot market.

INPEX invests 62.245% in the Ichthys project and other shareholders are France's Total with 30%, Taiwan's CPC with 2.625%, Tokyo Gas with 1.575%, Osaka Gas and Kansai Electric Power each with 1.2%, JERA with 0.735%, and Toho Gas with 0.42%.
last modified : Tue 30 Oct, 2018 [11:15]
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