July 24, 2014     Japanese 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
Ichthys LNG Project Secures New Shipping Vessels

Tokyo, June 4, 2013 (JCN) - INPEX CORPORATION (INPEX) is pleased to announce shipbuilding and shipping contracts for two new vessels which will offtake and deliver LNG from the Ichthys LNG Project offshore Western Australia to Japan and Taiwan.

Through its wholly owned subsidiary INPEX Shipping, one LNG vessel will be jointly owned with Kawasaki Kisen Kaisha, Ltd. ("K" Line) through Ocean Breeze LNG Transport S. A. and built by Mitsubishi Heavy Industries, Ltd. The vessel will be operated by Ocean Breeze LNG Transport S. A. as a time charter.

The 155,300 cubic metre capacity carrier will offtake 900,000 tonnes per annum of LNG from the Ichthys LNG Project and features an innovative peapod-shaped continuous cover protecting the four moss spherical tanks.

The reduced weight combined with reheated steam turbine propulsion will contribute to an expected 20 per cent or more decrease in fuel consumption per unit cargo compared to conventional vessels.

A second, 182,000 cubic metre capacity vessel will also be operated as a time charter by "K" Line for delivery to CPC Corporation, Taiwan.

These arrangements will contribute to strengthening INPEX's global gas supply chain which connects INPEX's overseas gas assets with its Naoetsu LNG Receiving Terminal in Joetsu and its natural gas pipeline network in Japan.

The Ichthys LNG Project is a Joint Venture between INPEX group companies (the Operator), major partner TOTAL group companies and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Chubu Electric Power and Toho Gas.

INPEX acquired an exploration permit for a block offshore Western Australia in an open bid conducted in 1998. INPEX confirmed the presence of gas and condensate sufficient for commercial development in the block through its exploration and appraisal works. Front End Engineering and Design (FEED) works began in 2009.

INPEX then obtained the necessary government approvals, concluded LNG SPAs with the gas buyers before INPEX made the Final Investment Decision (FID) in January 2012.

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 and liquefaction facilities in Darwin via an 889km pipeline.

The Ichthys LNG Project is expected to produce 8.4 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.

Detailed Engineering, Procurement and Construction (EPC) of the Project is now ongoing and the production will start by the end of 2016.

By Chris Lui Staff Writer

Copyright © 2014 JCN. All rights reserved. A division of Japan Corporate News Network KK.

 Company Profile |   Print  |   Alerts
ACN Newswire

 Recent  INPEX  News  
  World's Largest Semi-submersible Platform Takes Steps Towards Completion  (Apr 4, 2014)
  INPEX to Construct a Second Photovoltaic Power Generation System  (Mar 15, 2014)
  INPEX Completes Acquisition of Interest in the Abadi LNG Project, Masela Block, Indonesia  (June 28, 2013)
  INPEX Granted Exploration Permit Off Western Australia  (June 10, 2013)
  Ichthys LNG Project Secures New Shipping Vessels  (June 4, 2013)
  Ichthys LNG Project Approves JGC/KBR/Chiyoda JV  (Jan 13, 2012)
  INPEX Begins Oil Production at Van Gogh Field, Offshore Western Australia  (Feb 17, 2010)
  Inpex to Build Large LNG Base in Japan  (Aug 25, 2008)
  INPEX Holdings Ups Earnings Forecasts  (Aug 8, 2008)
  INPEX Recognized for Maret Islands Work with Top Environmental Award  (Apr 17, 2008)

 Recent  Gas & Oil News   
Marubeni to Create Minera Centinela, New Mining Company in Chile (July 24, 2014)
Marubeni, Mitsui Miike to Build Coal Handling Facility with Russia's JSC Vostochny Port (July 24, 2014)
TOYO Awarded Large-scale Photovoltaic Power Plant Project in Japan (June 9, 2014)
Marubeni Starts Commercial Operation Mega-Solar Power Plant in Oita City (Apr 23, 2014)
World's Largest Semi-submersible Platform Takes Steps Towards Completion (Apr 4, 2014)
Yokogawa Wins Orders for Chinese Coal/Oil Co-processing Pilot Plant and Coal Tar Hydrogenation Plant Projects (Mar 26, 2014)
INPEX to Construct a Second Photovoltaic Power Generation System (Mar 15, 2014)
Idemitsu Kosan Launches Operations at Himeji Mega-solar Power Plant (Mar 12, 2014)
Mitsubishi to Build Coal Fired Power Plant in the Philippines (Feb 3, 2014)
Sumitomo Corp in the Az-Zour North IWPP Project in Kuwait (Dec 13, 2013)

More Gas & Oil news...

 Recent  Shipping & Transportation News   
Marubeni, Mitsui Miike to Build Coal Handling Facility with Russia's JSC Vostochny Port (July 24, 2014)
ANA Introduces New Uniform Designs by Prabal Gurung (May 11, 2014)
Suzuki Sets Up Outboard Motor Distributor in China (Apr 11, 2014)
JAL and S7 Airlines Expand Codeshare Cooperation (Mar 12, 2014)
Ichthys LNG Project Secures New Shipping Vessels (June 4, 2013)
JAL, ANA World's Best in Separate FlightStats Awards Categories (Feb 19, 2013)
MOL Cape Inks Long-term Iron Ore Transport Deal with Rio Tinto (Feb 18, 2013)
ANA Wins ATW's 'Airline of the Year' Award (Feb 14, 2013)
Mitsui O.S.K. Lines to Install Ballast Water Treatment System on VLCC (Jan 10, 2013)
CKYH Alliance to Cancel 7 Voyage Plans During Winter (Nov 29, 2012)

More Shipping & Transportation news...
CSR Report Download
Annual Reports

  More >>    
Most Popular

About JCN | Privacy Policy | Terms of Use | JCN Network (日本語)