Inpex tips delay on Ichthys decision
You have no credits left. To view this article subscribe to Business News.
You have used {{points}} and have {{current_points}} remaining. Your credits will reset on {{reset_date}}.
This article is part of a special report and is available to paid Business News subscribers only.
You can purchase access to this special report or subscribe to Business News.
You can purchase access to this special report or subscribe to Business News.
This article is premium content and is available to paid Business News subscribers only.
Subscribe to Business News.
Subscribe to Business News.
Friday, 18 November, 2011 - 17:00
Japan's Inpex Corporation has announced that a final investment decision on its Ichthys liquefied natural gas (LNG) project may be delayed until January.
Inpex and its partner, France's Total, had been targeting FID by the end of 2011.
In a statement, Inpex said it "has been steadily progressing towards the FID to be made by the end of this year".
"While this remains our target, taking into account administrative constraints during the Christmas season and New Year holiday periods, the decision may slip into mid-January 2012."
The Ichthys project, tipped to cost about $30 billion, involves extracting gas from fields off the KImberley coast and piping it to a liquefaction plant at Darwin.