Inpex Delays Ichthys LNG Project Start until 3Q of 2017

Reuters

TOKYO, Sept 11 (Reuters) - Inpex Corp, Japan's biggest oil and gas developer, said on Friday it would delay the start of production from its Ichthys liquefied natural gas (LNG) project in Australia until July-September 2017, from the end of 2016.

The company also said it would raise the project's LNG production capacity to 8.9 million tonnes per year (tpy) from 8.4 million tpy.

Inpex also said the project's total costs are now likely to rise about 10 percent from its previous estimate of $34 billion.

(Reporting by Osamu Tsukimori; Editing by Chris Gallagher)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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