The Ichthys project, a joint venture between Inpex (76%) and Total E&P (24%), is expected to initially produce more than 8 million tonnes of LNG per annum, as well as substantial amounts of LPG and condensate.

The successful contractor for the Onshore FEED contract is the JKC Joint Venture, comprising JGC Corporation, KBR and Chiyoda Corporation.

It will define, design and evaluate in more detail, the plans for the proposed plant.

INPEX President Naoki Kuroda said, “INPEX is proud to have selected the JKC Joint Venture to carry out the Onshore FEED work as the companies collectively comprise some of the most experienced and capable LNG plant engineering and design firms in the world.”

He added, “Despite the current global financial environment, INPEX remains firmly committed to advancing the Ichthys Project.”

It is believed development of the Ichthys Project will require capital expenditure of more than US$20 billion and will be a significant contributor to the Australian and regional economies.

JKC will begin work during 2009; a separate FEED contract for the project’s offshore facilities will be awarded in due course, and the first shipment of LNG is scheduled to be loaded in late 2014/early 2015.