INPEX Reveals Ichthys LNG Deals

27 June 2011 (Last Updated June 27th, 2011 18:30)

INPEX has signed several deals to sell 8.4 million tonnes per year liquefied natural gas (LNG) from its Ichthys Project in Australia. The company signed agreements with Chubu Electric Power, Toho Gas and CPC to sell 8.49 million tonnes, 280,000t and 1.75 million tonnes of LNG per year,

INPEX has signed several deals to sell 8.4 million tonnes per year liquefied natural gas (LNG) from its Ichthys Project in Australia.

The company signed agreements with Chubu Electric Power, Toho Gas and CPC to sell 8.49 million tonnes, 280,000t and 1.75 million tonnes of LNG per year, respectively, for a period of 15 years, starting in 2017.

Along with an affiliate of Total, the company will also take 1.8 million tonnes per year of LNG from the project.

INPEX is also negotiating agreements with five Japanese companies to sell about 8.4 million tonnes of LNG per year.