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Ichthys LNG Project Approves JGC/KBR/Chiyoda JV
 

Yokohama, Jan 13, 2012 (JCN) - JGC Corp., Kellogg Brown & Root (KBR) and Chiyoda Corp. have announced that INPEX CORP. and Total S.A., joint venture of the Ichthys LNG Project, have approved the award of the engineering, procurement and construction (EPC) contract to the joint venture formed by JGC, KBR and Chiyoda (JKC JV) led by JGC for the construction of downstream LNG plant facilities for the Ichthys LNG Project in Australia. The EPC Contract Price is expected to be approximately $15 billion, and is a mix of Lump Sum Turn Key, Remeasurable and Reimbursable contract scheme.

The Ichthys LNG Project is an integrated natural gas field development project being executed by the INPEX group companies and the Total group companies. Feed gas from the Ichthys gas-condensate field, in the Browse Basin offshore Western Australia, will be exported to the onshore LNG processing facilities in Darwin via an 889km pipeline. Participating interests in the downstream Ichthys LNG Project are INPEX group companies (76%) and Total group companies (24%).

A JGC-led Joint Venture will execute and construct the LNG facility at Blaydin Point in Darwin in the Northern Territory of Australia along with the associated utility and off-site, marine facility and infrastructure facilities. The LNG facility will produce 8.4 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with approximately 15,000 barrels of condensate per day at peak. About 70% of the Ichthys LNG to be delivered to Japan.

The Ichthys LNG Project is regarded to be of key importance to Japan's energy security and the diversification of Japan's energy sources. It is also one of the most high valued natural resource development projects in Australia from the standpoints of promoting exports and contributing to the sustainable development of the local communities in Darwin.

By Chris Lui Staff Writer

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