• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days The United States produced more crude oil than any nation, at any time.
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 2 days Bad news for e-cars keeps coming
  • 3 days China deletes leaked stats showing plunging birth rate for 2023
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
Demand Pessimism on Oil Market Dissipates

Demand Pessimism on Oil Market Dissipates

The pessimism that has gripped…

China's Oil Demand Threatened by LNG Trucks

China's Oil Demand Threatened by LNG Trucks

The boom in LNG trucking…

$40 Billion Ichthys LNG Project Begins Gas Exports

France’s oil and gas major Total said on Tuesday that the first cargo of liquefied natural gas (LNG) from the Ichthys LNG project offshore Western Australia had left the port of Darwin for the first export of the US$40-billion project that began producing gas in July this year.

The planned production volumes at Ichthys will be 8.9 million tons of LNG annually, 1.65 million tons of liquefied petroleum gas (LPG) a year, and around 100,000 bpd of condensate at peak production and full capacity, according to the French energy supermajor.

Total is a partner in the Ichthys LNG venture with a 30-percent stake, while the operator is Japan’s largest exploration and production company, Inpex.

Inpex also confirmed on Tuesday that the first LNG cargo departed from Australia en route to INPEX-operated Naoetsu LNG terminal in Niigata Prefecture in Japan.

Some 70 percent of LNG from the Ichthys project will be bound for Japan—the largest LNG importer in the world.

Production at the Ichthys LNG began in July this year, when Inpex expected first shipment of products from the project toward the end of the first half of its current fiscal year—April to September.

At the beginning of October, the first condensate cargo departed from the Ichthys LNG project for the Asian market, while the project is also scheduled to start the shipment of liquefied petroleum gas (LPG) later this year, Inpex said today.

The start of LNG exports from Ichthys marks the commercial operation of the most recent LNG project off Australia’s coasts over the past decade. LNG projects that began operations in Australia in recent years include Chevron-operated Gorgon and Wheatstone.

ADVERTISEMENT

The last of the major projects is Shell’s Prelude, a floating liquefied natural gas (FLNG) facility in Browse Basin off the northwest coast of Western Australia. Shell’s CEO Ben van Beurden said on an earnings conference call in July that based on Shell’s current commissioning schedule, “we are on track to start production this year.”

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News