Ichthys Project secures critical licenses and government status

Posted 31 May 2011

INPEX CORPORATION President Director Australia Seiya Ito said the Ichthys LNG Project was gaining momentum after securing Major Project Facilitation (MPF) status and Pipeline Licences.

The project has received MPF status from the Federal Government based on plans to pipe gas from the offshore Ichthys Field to processing facilities in Darwin, the Northern Territory.

Mr Ito said that the awarding of MPF status provides a clear indication of the Australian Government’s continued support for the Ichthys Project.

“INPEX acknowledges the Australian Government’s strong support of the Ichthys Project which will represent Japan’s largest ever investment in Australia,” Mr Ito said.

Another significant milestone has been reached with the Commonwealth, Western Australian and Northern Territory governments granting the project Pipeline Licences.

Mr Ito said the award of Pipeline Licences was a crucial step forward for the Ichthys Project and supports a final investment decision (FID) at the end of this year.

“These two achievements represent significant milestones for the Ichthys Project and provide us with the confidence that we will be able to deliver this project on schedule,” Mr Ito said.