Economic benefits to Australia
Decades of substantial economic benefits are expected to flow from the 40 years of operations of Ichthys LNG and INPEX’s other interests in Australia.
in exports for Australia
in additional GDP for Australia
increase in Australian real income
in taxation revenue generated for Governments in Australia
working on site in Darwin daily during peak construction
Aboriginal and Torres Strait Islander peoples engaged in Northern Australia through business contracts and employment
Committed to Australian communities
> $33 million *
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Development of training and education institutions in the Northern Territory
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Improvement to local community road infrastructure and safety around Project work sites
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Investment in community engagement initiatives (since 2012)
Boosting the Northern Territory economy
Ichthys LNG's onshore processing facilites are located at Bladin Point, Darwin, Northern Territory. This includes two LNG processing trains to produce Liquid Natural Gas (LNG), Liquid Petroleum Gas (LPG) and condensate, storage tanks, a combined cycle power plant, administrative facilities, utilities and a product load out jetty.
The offshore logistics hub, also based in Darwin, supplies critical materials (some 24,000 individual parts) needed to support the central processing facility and floating production storage and offloading facility.
Overall Ichthys LNG commitments have to date resulted in more than $10 billion flowing through the NT economy.
boost in economic output in the NT over the study period
increase in real incomes for Territorians
created on average per annum for 40 years (FTE)
in taxation revenue for the NT Government
The Project will generate $2.6 billion in taxation payments to the Northern Territory Government over the study period. Once operational, around $56 million on average per annum will flow to the Northern Territory – enough to build and operate one new school each and every year.
Some 600 full time equivalent jobs on average per annum will be created in the NT on average per annum over the study period. This is equivalent to 100 small businesses being established in the NT.
Hundreds of people are employed during Ichthys LNG operations and we are using local goods and services to support local businesses and community.
Total economic output in the NT will increase by $118 billion. Once operational, economic output will increase on average by $3.4 billion per annum. At peak production, Ichthys LNG will boost the size of the NT economy by 15 per cent.
Western Australian economy winner
In Western Australia, the majority of the Ichthys LNG's employees, contractors and consultants are located in Perth and Broome. Around 1200 personnel work in INPEX's office in Perth, which is more than Tokyo and any other INPEX office globally.
Broome is the closest mainland town to the Ichthys Field. It has a deep water port and airport that serves as a vital logistics hub for the Ichthys LNG's offshore activities.
Broome supports the Ichthys LNG's drilling program and acts as a transfer point for workers travelling to the Ichthys LNG's offshore facilities. The town also supplies construction and support vessels creating jobs and business opportunities for locally based businesses.
The Ichthys LNG is the largest user of the Port of Broome and Broome International Airport heliport.
boost in economic output
increase in real incomes
created on average per annum for 40 years (FTE)
in taxation revenue for the WA Government
The total average job creation per annum once operational is 1100 FTEs. This is equivalent to the employment that would be generated by 20 new supermarkets.
Once operational, the Project will generate $241.4 million per annum on average to the WA Government. This is enough to fund the education of 15,600 primary school students each year until 2050.
The Project will generate $8.9 billion in taxation payments to the WA Government over the study period.