Inpex Midway Through Developing the Ichthys LNG Project in Australia

Inpex Corporation (Inpex) reported Wednesday that the Inpex-operated Ichthys LNG (liquefied natural gas) Project has today celebrated its most significant construction milestone to date after officially marking 50 percent completion.

Likened to 3 mega-projects in one, 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 ton per annum LNG plant in Darwin; and an 552 mile (889 kilometer 42-inch gas transmission pipeline.

Today’s milestone means that half of the overall Project scope has been completed.

Inpex President Director Australia Seiya Ito said millions of man-hours by thousands of people across the globe had contributed to the Project reaching its half way mark, which comes less than two-and-a-half years after the final investment decision was made in January 2012.

“Achieving 50 percent means overall we have completed half of the Project’s physical fabrication and construction work,” Ito said.

“For Inpex, this is a major step towards the successful start-up of our flagship Ichthys LNG Project, which with an operational life of at least 40 years, is integral to realizing our medium to long-term vision for growth.”

Managing Director Ichthys LNG Project Louis Bon said reaching the milestone was a testament to the enormous effort and dedication of everyone involved.


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