INPEX Corp says it has approval from the WA Department of Mines and Petroleum for the $30 billion Ichthys project off Australia's north, paving the way for Japan's first LNG development to proceed early next year.
Confirmation that production licences had been granted coincided with Inpex announcing the final round of offtake agreements, under which five Japanese utilities will buy a combined 4 million tonnes of LNG a year from 2017.
Osaka Gas, one of the utilities, has also acquired a 1.2 per cent stake in the Ichthys project as part of its LNG offtake deal. It leaves Inpex with 74.8 per cent of Ichthys and French partner Total with 24 per cent.
Sydney Morning Herald
No comments:
Post a Comment