Japan's Inpex sees minimal cost overrun on Ichthys LNG project
5/12/2017
TOKYO (Reuters) -- Japan's biggest oil and gas explorer Inpex Corp sees minimal cost overruns on its Ichthys LNG export plant in Australia because of a start-up delay, a senior executive said on Friday.
The cost overrun could be up to a few percent if any, and there would be no material impact to the project, Inpex's Senior Managing Executive Officer Masahiro Murayama told Reuters on the sidelines of the company's full-year earnings results.
Inpex two weeks ago delayed the Ichthys start by up to six months from its original target of the third quarter this year, citing delays in the installation of offshore production facilities.
Reporting by Osamu Tsukimori; Editing by Christian Schmollinger
Sign up to Receive Our Newsletter
- Cheniere signs deal with Bechtel to expand U.S. LNG export capacity
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- Baker Hughes’ fuel flexible NovaLT™ 16 gas turbine certified by RINA for marine propulsion
- Commonwealth LNG FID attracts global syndicate of leading banks
- Dozens injured, 18 missing after blast during restart at giant Qatar LNG site
Comments