INPEX: 1st Condensate Cargo Sent from Ichthys FPSO
- Business & Finance
The first shipment of condensate from the INPEX-operated Ichthys LNG Project in Australia has departed, the company said.
The cargo departed from the project’s massive offshore floating production, storage and offloading facility (FPSO) — the Ichthys Venturer — moored in the Browse Basin, some 220 kilometers off the northwest coast of Western Australia.
“This shipment of condensate is destined for the Asian market and signifies an important step forward as we begin to generate revenue from a project we expect will operate for 40 years to come,” Seiya Ito, INPEX President Director Australia, commented.
Later this year, the Ichthys LNG Project will commence shipment of cargoes from Bladin Point near Darwin in Australia, with liquefied natural gas (LNG) and liquefied petroleum gas (LPG) exports expected to follow in sequence.
The Ichthys LNG Project is a project led by Japanese INPEX alongside major partner TOTAL, and the Australian subsidiaries of CPC Corporation Taiwan, Tokyo Gas, Osaka Gas, Kansai Electric, JERA and Toho Gas.
At peak, the project is expected to produce up to 8.9 million tons of LNG per annum, up to 1.65 million tons of LPG per annum and up to 100,000 barrels of condensate per day.