🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Ichthys LNG to export 30 field condensate cargoes in 2019 - Inpex

Published 08/11/2018, 04:58 pm
Updated 08/11/2018, 05:00 pm
Ichthys LNG to export 30 field condensate cargoes in 2019 - Inpex
1605
-

SINGAPORE, Nov 8 (Reuters) -

* Japanese explorer Inpex Corp 1605.T plans to export 30 650,000-barrel cargoes of field condensate from Australia's Ichthys LNG project in 2019, a senior company official said on Thursday

* This would be equivalent to 53,425 barrels per day (bpd), according to Reuters calculation

* Ichthys field condensate peak production could reach 85,000 bpd while its plant condensate output could peak at 15,000 bpd, Senior Vice President of Global Energy Marketing Shigeru Yajima told the Condensate & Naphtha Forum organised by Conference Connection

* Inpex will market 70 percent of the entire field condensate production while Total will market the remaining volume, he said

* Plant condensate exports are set to reach 10 cargoes per year in 2019, Yajima said, adding that each cargo is 320,000 barrels

* The first plant condensate cargo will load in December, he said

* Ichthys LNG has an LNG production of 8.9 million tonnes per year and it will also produce 1.6 million tonnes per year of liquefied petroleum gas (LPG)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.