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Tokyo-based Inpex Corp. announced Monday that its Ichthys liquefied natural gas project has begun production off the northwest coast of Australia.
Start-up of gas production is a major milestone for the project. Japan’s biggest overseas investment and the first major energy development to be operated by the country’s top oil and gas producer.
Shipments of LNG and liquefied petroleum gas from the project are expected to begin by the end of September.
The first overseas-operated LNG project abroad. Ichthys is expected to annually produce approximately 8.9 million tons of LNG — roughly 70 percent of which is intended to be shipped to Japan.
Domestic LNG customers include Kansai Electric Power Co.. Tokyo Gas Co. and Osaka Gas Co.
Under the project. gases extracted from the offshore field are transferred via an 890-km-long pipeline to an onshore plant in Darwin in northern Australia to be liquefied for shipment.
The Ichthys project is a joint venture between Japanese and Taiwanese partners. with Inpex holding a 62 percent stake in operations.
