Indonesian Abadi LNG solves final problem with project site now chosen in Tanimbar Islands
Inpex Corp. of Japan and Royal Dutch Shell now have a firm decision from the Indonesian government on the location for their onshore liquefied natural gas plant using feed-gas from the Abadi gas field in the Masela Block in the Arafura Sea offshore Indonesia.
Inpex signs framework deal with Indonesia for $20 billion Abadi onshore LNG joint venture
Inpex Corp., the Japanese company with a majority stake in the Ichthys LNG plant and a minority share in the Prelude FLNG venture in Australia, has agreed to a framework deal with Indonesia for the US$20 billion Abadi onshore LNG production facility.
Inpex of Japan signs Abu Dhabi exploration deal and makes progress with LNG bunkering plan
Abu Dhabi National Oil Company (Adnoc) in the United Arab Emirates has awarded LNG producer Inpex Corp. of Japan an exploration licence for the onshore Block 4 area as the Japanese company also advanced with LNG bunkering plans for the UAE.
The onshore Block 4 is located in a coastal area in the central part of the emirate of Abu Dhabi that includes Abu Dhabi City, and covers a surface area of around 6,116 square kilometres.
“Inpex looks forward to working in close cooperation with Adnoc to help it unlock value from Abu Dhabi’s substantial hydrocarbon resources while further expanding and strengthening our own business portfolio,” said Takayuki Ueda, President and Chief Executive Inpex.
The Japanese company recently became an LNG producer from the Ichthys liquefaction and export venture in the North Territory of Australia.
Inpex also has a stake in the Royal Dutch Shell Prelude floating LNG venture offshore northwest Australia.
The UAE is the oldest LNG producer in the Middle East from its Das Island plant offshore Abu Dhabi consisting of three Trains with nominal capacity of 5.5 million tonnes of LNG per annum.
The Japanese company added that it was working to finalize a joint venture with Adnoc on LNG bunkering in the UAE and Southeast Asia.
The logistics and services unit of Adnoc has signed the framework agreement with Inpex on developing the bunkering activities.
“We had already signed a memorandum of understanding with Adnoc about LNG bunkering, so I think there might be a lot of potential,” said Ueda.
“We would like to quickly establish a joint venture with Adnoc in this area where there is demand,” added the Inpex CEO.
The UAE is strategically located to become a major bunkering hub in the Gulf and the Arabian Peninsula.
Inpex is a long-term investor in Abu Dhabi's hydrocarbons industry, which accounts for 4.2 percent of the world's crude production.
Inpex’s subsidiary Jodco Exploration will hold and manage its interest in the onshore Block 4 as part of a 35-year concession deal.
The Japanese company will hold a 100 per cent stake during the exploration phase for the concession, which straddles Abu Dhabi’s border with Dubai.
There are two existing undeveloped oil and gas fields in the new concession area, Ramhan and Hudairiat, which both will be appraised by Inpex.
“The block’s proximity to the onshore oil producing fields of Al Dabb’iya and Rumaitha as well as the offshore field of Umm Al Dalkh, suggests it has very promising potential,” said the companies.
Inpex now sees first Australian LNG project cargo by October and delays to hit earnings
Japanese energy company Inpex Corp. has acknowledged another delay in the export of the first cargo from the Australian Ichthys LNG export plant near Darwin, now envisaged for October after delays caused by electrical faults on an offshore platform.
Last-minute delays in the Ichthys LNG project start-up revealed to be offshore electrical faults
An Australian regulatory body said some safety problems had been found on the offshore natural gas platform deployed offshore northwest Australia as part of the Ichthys LNG project of Japanese energy company Inpex Corp. and French energy major Total.
Japanese-operated Australian Ichthys LNG plant is on track for first cargo by September
Japanese energy company Inpex said it was still scheduled to ship its first LNG cargo from the Australian Ichthys liquefaction plant near Darwin by the end of September, even as the joint venture has had some last-minute delays.
Inpex of Japan set to start LNG production at US$37Bln Ichthys export project in Australia
Inpex Corp, the Japanese energy company, said its Ichthys LNG export project in Australia’s Northern Territory completed the commissioning of the offshore Central Processing Facility, opening the way for the start of production at the US$37 billion joint venture, now more than 18 months behind scheduled.
Inpex changes CEO
May 21 (LNGJ) - Inpex Corp., the lead developer of the Ichthys LNG project in Australia, has named Takayuki Ueda as its new Chief Executive and President from June 26 and also made changes in other senior management posts. Ueda replaces incumbent CEO Toshiaki Kitamurato who takes the post of Chairman. Ueda, aged 62, had joined Inpex in April 2017 as an Executive Vice President after various roles at the Ministry of the Economy, Trade and Industry. The new CEO has law degrees from the University of Tokyo and the University of Washington in the US. Inpex added that among other changes Yoichi Iwata, general manager of planning at Ichthys LNG becomes Vice President of the Ichthys Project, while Hitoshi Okawa, deputy general manager of the Perth office in Western Australia, becomes a Vice President and Director of Corporate Coordination in Perth.
