Ichthys LNG giant gears up for first production

Written on the 14 November 2017

The $US37 billion Ichthys LNG project is on track to start up next March as its two giant vessels moored about 200km off the Kimberley are readied for production.

Toshiaki Kitamura, chief executive of operator Inpex, told analysts in Tokyo this week that the first production of condensate, LNG and LPG would meet the target of March 2018 and shipments would follow after that.

The project had a difficult start to the year. Contractors building the power plant and the LNG tanks walked off the Darwin LNG site in January and March, respectively, and in April first production was pushed back six months

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Source: thewest.com.au


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We had a pretty good week all in all on the local market last week. This came on the back of a a good NAB Business Survey that saw confidence nudging feel good levels akin to pre-GFC numbers. The service industries were a stand out and high commodity prices gave a boost to the mining sector. In fact , iron ore prices were up a further 7% last we...

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