LOC secures Ichthys LNG gig

Marine and engineering consultancy LOC Group has won a five-year contract from Japan’s Inpex for the latter’s Ichthys LNG project in Australia.

The deal covers the provision of marine warranty services and marine assurance for the project and its associated drilling operations.

According to London-based LOC, the deal will include warranty review and approval for the loadout, transportation and installation activities of new field architecture.

LOC says it has supported Inpex on the Ichthys development for the past seven years.

The consultancy did not reveal financial details of the deal.

Speaking about finances, Inpex announced on Tuesday the completion of previously launched refinancing for its Ichthys project.

The new refinancing deal covers $8.3 billion out of the project’s total 15.6 billion finance loans.

The Ichthys project produces LNG at the 8.9 million tonnes per year plant at Bladin Point near Darwin.

Natural gas arrives in Darwin from the giant Ichthys field offshore Western Australia via an 890-kilometre export pipeline.

Ichthys LNG is a joint venture between operator Inpex and major partner Total of France.

Other partners in the project include CPC Corporation Taiwan, Tokyo Gas, Osaka Gas, Kansai Electric Power, JERA and Toho Gas.

Most Popular

Venture Global gets FERC OK to boost Plaquemines LNG capacity

US LNG exporter Venture Global LNG has received approval from the US FERC to boost the capacity of its Plaquemines LNG terminal in Louisiana to 27.2 mtpa.

Asyad Shipping sells LNG carrier

Oman's Asyad Shipping has sold a 2006-built steam liquefied natural gas (LNG) carrier, according to brokers.

First Rio Grande LNG tank taking shape

US LNG developer NextDecade continues to make progress on the first phase of its Rio Grande LNG export plant in Texas, including the first 180,000-cbm storage tank.

More News Like This

Inpex expects to start Abadi LNG FEED in mid-2025

Japan's Inpex expects to start the front-end engineering design (FEED) for the planned Abadi liquefied natural gas (LNG) project in Indonesia in mid-2025.

Inpex shipped 116 Ichthys LNG cargoes in 2024

Besides LNG shipments, the Ichthys project also sent 20 plant condensate cargoes, 28 offshore condensate cargoes, and 30 LPG...

Inpex to sell partial stake in Australian offshore block

Inpex Cash Maple has signed a sales and purchase agreement to transfer 2.625 percent, 1.20 percent, and 0.42 percent...

Inpex: first Ichthys LNG train resumes full operations

"I can elaborate that T1 is currently at more or less 100 percent," the spokesman said. On September 10, Inpex announced it...