Japanese energy developer Inpex signs clean LNG agreement with gas utility in historic city north of Tokyo
Inpex Corp., the Japanese operator of the Ichthys LNG plant in Australia and developer of the Abadi LNG project in Indonesia, has signed a natural gas and decarbonisation deal with Ashikaga City north of Tokyo known for its historic trees, flower beds and pristine water to supply gas from the next phase of cleaner LNG projects.
Inpex earnings
Feb 13 (LNGJ) - Inpex Corp., the Japanese oil and gas company with LNG assets in Australia and Indonesia, reported a 6.8 percent decline in annual consolidated net sales to 2.16 trillion yen ($14.5 billion) from 2.32 trillion yen ($15.57Bln) in 2022 due to a fall in the price of crude oil. Inpex reported a 19.4 percent drop in annual net profits to 371.53 billion yen ($2.49Bln) from 461.06Bln yen ($3.09Bln) in 2022.
Net sales of crude oil fell by 9.5 percent to 1.61 trillion yen ($10.78Bln) from the previous year while net sales of natural gas increased by 2 percent to 535.7 billion yen ($3.59Bln). “The average sales price of overseas natural gas decreased by $1.27, or 18.4 percent, to $5.62 per thousand feet. The average sales price of domestic natural gas in Japan increased by 9.9 percent to 90.08 yen ($0.605) per cubic metre,” said Inpex.
Indonesia clears plans for more feed-gas supplies for Bontang liquefaction plant amid other LNG developments
Indonesia has approved a revised plan of development costing $3.35 billion for the Merakes and Merakes East natural gas fields to serve the nation’s main LNG export plant through to at least 2032.
The project fields are operated by Italian energy company Eni and one is already a supplier since April 2021 for the onshore Indonesian Bontang LNG plant in East Kalimantan province.
The Bontang plant has a nameplate capacity of 11.5 million tonnes per annum.
“The development of this field will provide additional reserves to ensure supply to the East Kalimantan system so that the Bontang LNG facility can operate at an optimal level,” said Dwi Soetjipto, the Chairman of the nation’s Upstream Regulator SKK Migas.
Investment for the Merakes fields was initially set at $1.3 billion with peak production at 368 million standard cubic feet per day.
Indonesia has two other onshore LNG facilities, the Tangguh plant with 7.6 MTPA and the Donggi-Senoro plant with 2.0 MTPA of output.
The Tangguh plant is operated by UK major BP and is currently undergoing an expansion with the construction of a third Train.
Tangguh began operations in West Papua province in 2009 and has delivered about 1,500 LNG cargoes to global markets.
Another Indonesian LNG project is expected to move forward soon with Japanese energy company Inpex Corp. finalizing its revised development plan for the Abadi project.
Inpex is planning to build an Asia-focused LNG export plant on Yamdena Island in the Tanimbar chain in a joint venture with Shell Plc using feed-gas from the Abadi gas field in the Masela Block of Indonesia's Arafura Sea.
The liquefaction and export plant could be expected to be operational by around 2028.
Inpex has already completed preliminary front-end engineering and design for a facility with projected annual initial capacity of 10.5 MTPA.
Inpex of Japan hit by Prelude FLNG shutdowns but more than offset by 60 percent rise in annual sales
Inpex Corp., the Japanese energy company with operatorship of the Ichthys LNG export plant in the Australian Northern Territory and a shareholding in Shell’s Prelude FLNG plant, posted a jump in earnings as net sales of oil and gas soared by more than 60 percent year-on-year.
Indonesia approves plan for Sumatra gas field development to support LNG exports and domestic needs
Indonesia’s energy regulator has approved the development plan presented by Spanish energy company Repsol to develop one of the Asian nation’s largest onshore natural gas fields that would enable more LNG to be exported instead of being held back for domestic use.
Indonesia’s energy regulator says Shell is seeking to exit the Abadi LNG joint venture led by Inpex
Indonesia’s energy regulator said Royal Dutch Shell was considering selling its 35 percent stake in the offshore Abadi natural gas field in the Masela block that will underpin an onshore LNG export joint venture proposed for Yamdena Island with Inpex Corp of Japan.
Japanese LNG operator Inpex to take out state-backed loans to offset forecast income drops
The Japanese oil, gas and LNG company Inpex, operator of the Ichthys LNG plant in northern Australia and developer of the Abadi LNG project in Indonesia, expects consolidated six-month operating income to June 2020 to drop by over 48 percent and plans to take out government loans.
