Construction work for the Ichthys Liquified Natural Gas (LNG) project in Darwin, Australia, one of the biggest of it’s kind, will be commencing shortly according to news reports. The project would be built by a JV comprising of Japan based energy company Inpex and French based Total SA at estimated capex of a whopping US $34 billion. The project, scheduled to be completed in 2016, would have a production capacity of over 8 million tons of LNG & 1.6 million tons of LPG per annum and about 0.1 million barrels of condensate per day.
Engineering, Procurement and Construction ( EPC ) contract has been awarded to another JV named JKC. Few other major names involved in the project are GE, Samsung Heavy Industry, Mcdermott, Nippon etc. Some 4000 jobs are expected to be created at the peak of it’s construction.
Natural gas from Ichthys gas field would be transported to the processing plant in Darwin through an approx. 900 km long pipeline. Most of the LNG produced in the plant would be exported to Japan. Upon completion of this megaproject Australia is expected to become World’s topmost LNG exporter surpassing Qatar.
The country is already home to several LNG projects including the mammoth $43 billion Gorgon project (planned capacity 15 mtpa) of Chevron Corporation which also is the biggest LNG project in Australia.