• 2018 October 23 10:35

    INPEX-operated Ichthys LNG Project commences LNG shipment

    INPEX CORPORATION (INPEX) announced today that the INPEX-operated Ichthys LNG Project (the Project) recently commenced shipment of liquefied natural gas (LNG) as the first shipment of LNG departed the onshore gas liquefaction plant in Darwin in the Northern Territory of Australia en route to the INPEX-operated Naoetsu LNG Terminal in Niigata Prefecture, Japan. The shipment follows the Project’s shipment of condensate (ultra-light crude oil), which commenced on October 1, 2018, as announced on the same day.

    The Project is scheduled to gradually increase its production volume of LNG, and produce approximately 8.9 million tons of LNG per year, equivalent to more than 10% of Japan’s annual LNG import volume, when it reaches its production plateau. As approximately 70% of the LNG produced by the Project is scheduled to be supplied to Japanese customers, INPEX will further contribute to the stable supply of energy to Japan through the Project and continue to respond to the energy demand in Asia and the rest of the world. The Project is also scheduled to commence the shipment of liquefied petroleum gas (LPG) following shipment of LNG.

    INPEX will continue to work toward achieving stable production and an early ramp-up at the Ichthys LNG Project with the understanding and cooperation of all its stakeholders, including the project’s joint venture partners, the local communities, the Australian federal government and the governments of Western Australia and the Northern Territory.

    The Project’s expected revenue contribution remains unchanged from the outlook announced in the company’s forecasted consolidated financial results for the year ending March 2019 announced on August 9, 2018.

    In terms of dividend forecasts, as announced at the beginning of the current fiscal year, INPEX plans to issue a commemorative dividend of ¥6 per share following the Ichthys LNG Project’s start-up and shipment of cargo.

    INPEX CORPORATION is Japan’s largest exploration and production (E&P) company, and a mid-tier E&P player just behind the world’s oil majors. INPEX is currently involved in approximately 70 projects across more than 20 countries, including the Ichthys LNG Project in Australia as Operator. Through sustainably growing its oil and gas development business, INPEX aims to become a top class international oil and gas E&P Company and continue providing a stable and efficient supply of energy to its customers.

    The Ichthys LNG Project is a project led by INPEX (Operator, participating interest: 62.245%) alongside major partner TOTAL (participating interest: 30%) and the Australian subsidiaries of CPC Corporation, Taiwan (participating interest: 2.625%), Tokyo Gas (participating interest: 1.575%), Osaka Gas (participating interest: 1.2%), Kansai Electric Power (participating interest: 1.2%), JERA (participating interest: 0.735%) and Toho Gas (participating interest: 0.42%) that involves liquefying natural gas lifted from the Ichthys Gas-condensate Field offshore Western Australia at an onshore gas liquefaction plant constructed in Darwin, Northern Territory, and producing and shipping approximately 8.9 million tons of liquefied natural gas (LNG) and approximately 1.65 million tons of liquefied petroleum gas (LPG) per year, along with approximately 100,000 barrels of condensate per day at peak. The Ichthys LNG Project is a large-scale LNG project by global standards, and is expected to be operational over a period of 40 years. In 1998, INPEX acquired an exploration permit in the block where the project is located, and following development studies including exploration, evaluation and FEED work, the company announced its final investment decision (FID) in January 2012. Thereafter, following the construction of the required facilities, the Project commenced production of gas from the wellhead in July 2018 and commenced shipment of condensate in October 2018.




2019 April 26

18:03 Maersk Supply Service awarded major FPSO mooring project
17:42 Bronka Port rolls out new bulk handling capabilities of KOTTA container for bulk cargo owners
17:32 DFDS invests in biofuel start-up
17:06 Concerns remain for global marine underwriting, says IUMI
16:04 Lloyd’s Register announces new range of online training courses for ISO 45001
16:01 New research into glycol freezing enables further savings with the Alfa Laval DuroShell heat exchanger in LNG fuel systems
15:47 Damen’s InvaSave mobile ballast water treatment system goes on tour ahead of IMO deadline
15:04 Port of Antwerp cargo turnover down by 3% in Q1 2019
14:36 Keppel delivers fourth enhanced KFELS Super A Class unit to EnscoRowan
14:11 Yakutia, Russia officials host groundbreaking ceremony at the site of future Zhatai Shipyard
13:38 Zvezda Shipyard hosts keel-laying ceremony for second Aframax tanker for Rosnefteflot
12:03 DEME Offshore and Equinor join hands to study floating concrete substructures for Hywind Tampen floating wind farm
11:54 Marine Façade Port to become a base for a single St. Petersburg public cruise / ferry operator
10:24 Russia’s MARINET OKs the autonomous concept of IQBoat
10:11 Brent Crude, WTI futures close lower at $ 74,19 and $ 64,89, repectively
10:08 Grimaldi starts construction of GG5G Class hybrid freighter
09:41 Baltic Dry Index rises 2.24% pts to 869 points
09:27 Bunker Market this morning, April 26
09:00 IMO launches website for Marine Environment Protection of the South-East Asian Seas project
08:13 MOL recorded ¥6.1 billion in extraordinary loss for FY2018 on its Non-consolidated Financial Statements

2019 April 25

18:06 St. Petersburg port Marine Façade revamped Pier 7 to accommodate two longer cruise ships from 2021
18:05 Bodrum Cruise Port welcomes the First call of the Year
17:05 MOL announces naming ceremony for two newbuilding LNG carriers
16:08 Bumi Armada refinances corporate debt
15:37 Volga Shipping Company starts 2019 cargo shipping season on the Upper Volga
15:08 Bibby HydroMap hold DriX demonstration day at Catapult in Blyth
15:08 NUTEP takes delivery of handling equipment from ZPMC for new Berth No. 38
14:30 Jan De Nul Group extends its fleet with three water injection dredgers
14:08 KCA Deutag awarded a four-year drilling contract extension on North Sea platform
13:52 CMA CGM unveils its vision for a digital customer journey and launches CMA CGM eSolutions
13:52 Bunker prices at Far Eastern ports end week nearly flat
13:08 CNOOC China Limited signs a petroleum contract with PetroChina
12:08 HullWiper signs hull cleaning frame agreement with Equinor ASA
11:08 ONE announces delivery of 14,000-TEU containership “ONE APUS”
10:49 MABUX: Bunker market this morning, Apr.25.
10:24 Brent Crude futures price edges up to $ 74,6, WTI - down to $ 65,79
10:08 Seagull Maritime acquires software company Tero Marine
10:08 Zelenodolsk Shipyard hosts keel-laying ceremony for 10th Grachonok-class special purpose boat
09:49 NCSP and VTB close the Novorossiysk Grain Terminal shares sale deal
09:07 UK’s leading port operator, ABP, appoints new Chief Commercial Officer
09:05 Baltic Dry Index continues to gain, settles at 850 points
08:07 Delta Mariner first to use deepened Nieuwe Waterweg at the Port of Rotterdam
07:23 LNG vessel completes 6,000th Neopanamax transit at the Panama Canal
07:12 MOL announces delivery of VLCC "PHOENIX JAMNAGAR"

2019 April 24

18:15 Cryogas-Vysotsk kicks off full-scale LNG production
18:11 Jiangsu Zhenjiang Shipyard holds steel-cutting for four ASD tugs ordered for Liaoning Longyun Shunze Tug Ltd.
18:07 COSCO SHIPPING Heavy Industry in Yangzhou holds naming ceremony for 400K DWT VLOC
17:30 Final caisson installed for Tuas Terminal Phase 1
17:07 Klaveness Combination Carriers ASA concludes the first contract of affreightment for its CLEANBU fleet
17:05 Oceaneering takes delivery of the advanced subsea construction support vessel
16:37 COSCO SHIPPING signs a strategic cooperation agreement with Yangzhou
16:34 MOL co-own world 6 largest Liquified Ethan Carrier with Reliance
16:26 Port of Vysotsk three-month cargo throughput rose 12% to 5 million tonnes
16:05 Tanjung Bruas Port expands its services to container ships
15:46 HMM to expand cooperation with FESCO
14:41 Primorsk oil port’s throughput rose 5% in Jan-Mar to 14 million tonnes
14:29 Rosmorport picks Oil Terminal Lavna to provide berths for its ships docking in Murmansk
13:42 Ust-Luga Port’s three-month volume up 8% to more than 26 million tonnes
13:35 Port of St.-Petersburg Q1 cargo volumes rise 3% to 14.26 million tonnes
13:22 FPU Akademik Lomonosov completed trials of nuclear power plant