INPEX Says Ichthys Decision May be Delayed to Mid-January Next Year (Australia)

INPEX announced today that Ichthys Project, which is undertaken by INPEX group of companies and Total group of companies, has been steadily progressing towards the Final Investment Decision (FID) to be made by the end of this year.

“While this remais our target, taking into account administrative constraints during the Christmas season and New Year holiday periods, the decision may slip into mid-January 2012.”, INPEX said in a statement today.

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.

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LNG World News Staff, November 18, 2011; Image: INPEX