Ichthys LNG Project Halfway Through

Inpex operated Ichthys LNG project is 50 percent complete, the Japanese firm said Wednesday.

Ichthys includes an offshore project with subsea facilities and two large floating platforms (central processing facility and floating production storage and offloading facility); an onshore project featuring a 8.4 million tonne per annum LNG plant in Darwin; and an 889 km 42-inch gas transmission pipeline.

“Achieving 50 per cent means overall we have completed half of the project’s physical fabrication and construction work,” Inpex President Director Australia Seiya Ito said.

According to the company approx. AU$10 billion has been committed to be spent in Australia during the construction phase of the project, including more than AU$5 billion in the Northern Territory and approx. AU$3.5 billion in Western Australia.

The project is estimated to have a project life of at least 40 years.