INPEX Australia discovered the giant Ichthys gas and condensate field in the Browse Basin in 2000. Located about 220 kilometres offshore Western Australia, Ichthys represents the largest discovery of hydrocarbon liquids in Australia in 50 years.
The Ichthys LNG Project is more than 90 per cent complete and is ranked among the most significant oil and gas projects in the world. The Ichthys LNG Project is a Joint Venture between INPEX group companies (the Operator), major partner Total, CPC Corporation Taiwan and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Kansai Electric Power, JERA and Toho Gas.
A Final Investment Decision for the Ichthys LNG Project was reached in 2012 and first production is scheduled to commence towards the end of March 2018.
The Project is expected to produce 8.9 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with more than 100,000 barrels of condensate per day at peak.
Gas and condensate from the Ichthys Field will be exported to onshore facilities for processing near Darwin via an 890 kilometre pipeline. Most condensate will be directly shipped to global markets from a floating production, storage and offloading facility permanently moored near the Ichthys Field in the Browse Basin.