LNG

Inpex Corp., Japan’s largest oil and natural gas exploration and production company and an LNG plant operator and developer, reported a doubling of earnings because of higher prices as projects advanced, including an LNG project in Indonesia.

Inpex Corp., the Japanese energy company with stakes in two projects in Australia’s final phase of its 10-year LNG production build-out, reported steady earnings as the Ichthys and Prelude ventures prepared for production and it decided to move its Indonesian Abadi liquefaction development onshore.

Oct 24 (LNGJ) - Inpex Corp., the Japanese LNG project developer with France’s Total of the Ichthys export project near the port of Darwin in Australia’s Northern Territory, has named a second carrier that will transport cargoes to Japan. The 155,300 cubic metres capacity vessel was named “Oceanic Breeze” at the Mitsubishi Heavy Industries shipyard in Nagasaki. Guests at the ceremony included Inpex President and Chief Executive Toshiaki Kitamura. The first carrier that will help deliver cargoes to the Inpex Naoetsu import terminal at Joetsu in Niigata Prefecture was named “Pacific Breeze” at a naming event held in September.

Inpex Corp. of Japan said the Ichthys LNG export project it is developing in Australian is expecting the arrival in mid-August of the Floating Production Storage and Offloading (FPSO) facility to process resources for the venture.

Japanese energy company Inpex said its central processing facility for the Ichthys liquefied natural gas project had arrived in Australian waters off the Northern Territory after being towed for 34 days from a shipyard in South Korea.

Inpex Chief Executive Toshiaki Kitamura acknowledged that the Japanese company’s Ichthys liquefied natural gas project near Darwin in Australia’s Northern Territory was behind schedule by several months and the shipping of the first LNG cargo could take place by the end of 2017 or early 2018.