INPEX has announced that the INPEX-operated Ichthys LNG Projectrecently commenced shipment of liquefied natural gas (LNG) as the first shipment of LNG departed the onshore gas liquefaction plant in Darwin in the Northern Territory of Australia en route to the INPEX-operated Naoetsu LNG Terminal in Niigata Prefecture, Japan. The shipment follows the Projectís shipment of condensate (ultra-light crude oil), which commenced on October 1, 2018.
he Project is scheduled to gradually increase its production volume of LNG, and produce approx. 8.9 million tons of LNG per year, equivalent to more than 10% of Japanís annual LNG import volume, when it reaches its production plateau.
As approx. 70% of the LNG produced by the Project is scheduled to be supplied to Japanese customers, INPEX will further contribute to the stable supply of energy to Japan through the Project and continue to respond to the energy demand in Asia and the rest of the world. The Project is also scheduled to commence the shipment of liquefied petroleum gas (LPG) following shipment of LNG.
INPEX will continue to work toward achieving stable production and an early ramp-up at the Ichthys LNG Project with the understanding and cooperation of all its stakeholders, including the projectís joint venture partners, the local communities, the Australian federal government and the governments of Western Australia and the Northern Territory.
The Projectís expected revenue contribution remains unchanged from the outlook announced in the companyís forecasted consolidated financial results for the year ending March 2019 announced on August 9, 2018.
In terms of dividend forecasts, as announced at the beginning of the current fiscal year, INPEX plans to issue a commemorative dividend of •6 per share following the Ichthys LNG Projectís start-up and shipment of cargo.