INPEX: Ichthys FID on Track (Australia)

INPEX today said all approvals, including Production Licences, for the Ichthys LNG Project, which is 76% owned by INPEX and 24% owned by Total, are on track for the Project to make a Final Investment Decision (FID) targeted by the end of the year 2011.

The Ichthys Project will have an initial capacity to produce 8.4 million tonnes of LNG per annum and approximately 1.6 million tonnes of liquefied petroleum gas (LPG) per annum, as well as 100,000 barrels of condensate per day at peak.

The Project is currently in FEED – Front End Engineering Design – the project development phase in which plans for the onshore and offshore facilities are defined, designed and evaluated in more detail.

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Source: INPEX, November 11, 2011