Inpex, Astomos agree LPG sales deal from Ichthys LNG project

Inpex, Astomos agree LPG sales deal from Ichthys LNG project
Image courtesy of Inpex

Ichthys LNG project operator Inpex reached an agreement in principle with Astomos Energy Corporation for the sale of liquid petroleum gas to be produced from the project. 

Inpex and Astomos, a Japanese LPG shipping, trading and import company, will negotiate detailed terms and conditions including the sales of Ichthys LPG handled by Inpex Trading, an Inpex unit, to Astomos on a free-on-board basis with the aim of signing legally binding sales and purchase agreement.

Ichthys LNG project is expected to start production by the third quarter of 2017, and is set to have an annual LNG production capacity 8.9 mtpa and 1.6 million tons of LPG per year.

The project is a joint venture between Inpex, major partner Total, Taiwan’s CPC Corporation and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Kansai Electric, Chubu Electric Power and Toho Gas.

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >