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Japan's Inpex keeps end-May commissioning for Ichthys LNG project

Adelaide (Platts)--17 May 2018 318 am EDT/718 GMT


The Ichthys LNG project in Australia has imported its cool-down cargo and is on track for commissioning in May, a spokeswoman for Japan's Inpex said.

Inpex has a 62.245% stake in the $37 billion Ichthys LNG project which has been delayed several times. The project has an LNG production capacity of 8.9 million mt/year and market participants expect its ramp-up to have a significant impact on market prices and volumes.

Ichthys LNG was initially scheduled to receive its cool down cargo on April 26, S&P Global Platts previously reported.

"Cool down" refers to cooling the tanks and pipes beforehand in order to smoothly proceed with the start-up and it is a common procedure in starting up new LNG plants, Inpex said.

"A cargo was imported in order to cool down the onshore processing plant facility using liquefied natural gas (LNG) prior to the start-up of the facility," the spokeswoman said. "In May, the project is scheduled to complete the commissioning required for production start-up at the central processing facility (Ichthys Explorer) and subsequently will commence production from the wellhead," she added.

Thereafter, the project will begin production and shipment of condensate, LNG and liquefied petroleum gas in sequence, Inpex said.

"Liquefied natural gas cargos will be shipped out in 2018. Specific timings will be determined on weather conditions and the sequence of production start-up activities going forward," the company added. Apart from Inpex, Total holds a 30% stake in Ichthys, while the remaining 7.755% stake is held separately by CPC, Tokyo Gas, Osaka Gas, Kansai Electric, JERA and Toho Gas.

-- Eric Yep, eric.yep@spglobal.com

-- Edited by Norazlina Jumaat, norazlina.jumaat@spglobal.com




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