Case 29: Ichthys LNG Project

B Rajesh Kumar
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B Rajesh Kumar: Institute of Management Technology

Chapter 33 in Project Finance, 2022, pp 237-240 from Springer

Abstract: Abstract This project is one of the most significant oil and gas project in the world. It is unique in the sense that it covers the whole chain of development and production involving subsea, offshore, pipeline and onshore. The project is structured as a joint venture between INPEX group companies (the Operator), the major partner Total Energies and the Australian subsidiaries of CPC Corporation Taiwan, Tokyo Gas, Osaka Gas, Kansai Electric Power, JERA and Toho Gas. The Ichthys Field is estimated to have reserves of 12 trillion cubic feet of gas and 500 million barrels of condensate. The project is located about 220 km offshore Western Australia and 820 km south west of Darwin. The Ichthys field is spread over 800 square kilometers in water with average depth of 250 m. The gas and condensate from the Ichthys field are exported to onshore facilities in Darwin through an 890 km pipeline. The condensate is shipped to the global markets through a floating production, storage and offloading system which is permanently located near the Ichthys field in the browse basin. Ichthys project is one of the most complex liquefied natural gas projects in the world with the longest subsea pipeline in the Southern Hemisphere. It is the second largest global LNG player in the private sector. The project covers the entire LNG production chain with deep offshore production facilities, two floating production units, gas pipeline and liquefaction plant.

Date: 2022
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DOI: 10.1007/978-3-030-96725-3_33

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