Tag Archives: INPEX Corporation

South Azadegan is estimated to hold 25.6 billion barrels of oil in place.

The project will require significant funding to develop the fields and related infrastructure.

Inpex Corp. has announced that through its subsidiary Inpex Masela. Ltd. it has submitted to Indonesian government authorities (the authorities) a revised Plan of Development (POD) for the Abadi LNG Project.

Japan’s Inpex Corp. agreed on a framework with Indonesia for the $20-billion Abadi liquefied natural gas project. a key step toward reaching final investment for one of the world’s biggest export ventures.

Prelude is expected to have an annual LNG production capacity of 3.6 million tonnes.

Spot Asian LNG spiked last month in anticipation of winter demand after a hot summer depleted stockpiles.

The UAE is the second largest exporter of crude oil to Japan after Saudi Arabia.

Pertamina pushed for the takeover despite questions about its financial capacity following last year’s profit slump.

Shipments of LNG and liquefied petroleum gas from the project are expected to begin by the end of September.

The risk that current trade tensions escalate further is the greatest near-term threat to global growth.