INPEX Looking to Bring to Fruition Indonesia's Abadi LNG Project

Japanese energy firm INPEX in its annual report said it is taking steps to quickly bring to fruition the Abadi LNG project in Indonesia.

In light of an increase in natural gas reserves, INPEX submitted a revised development plan for the Abadi LNG project in September 2015 envisioning the adoption of a FLNG plant with an annual LNG processing capacity of 7.5 million metric tons. In April this year, the Japanese firm received a notification from Indonesian government authorities instructing to re-propose a plan of development based on onshore LNG for the project.

“Moving forward, we will negotiate with government authorities for the optimal development of the project with the goal of early start-up of development,” INPEX said in its annual report which was released on Friday. “Under a policy that seeks the project’s early start-up, the company operates on the basis of selecting the most technologically and economically rational choices and moving the project forward. In line with this basic policy, we are now reviewing how optimal development, including the onshore LNG development system, can be achieved. We will discuss this with our partner, Royal Dutch Shell, and Indonesian government authorities.”

Ichthys LNG Project

Ichthys LNG project in Australia is steadily moving forward, the company said. Development work on the project has steadily progressed in preparation for the start of production in Q3 2017.

“As of June 2016, the installation of 90% of the more than 200 modules had been completed,” INPEX said.

Inpex has a 62.2% stake in the 8.9 mn mt/yr project.