INPEX Holdings Inc. has announced that the Ichthys Joint Venture has decided that the designated industrial site on Blaydin Point on Middle Arm Peninsula of Darwin, has been selected as the location for its proposed LNG processing facility.
The joint venture is a deal between INPEX Browse Ltd. which holds a 76% stake, and Total E&P Australia which controls a 24% share.
INPEX Holdings President, Naoki Kuroda, indicated Darwin provides INPEX with the certainty required for the project’s tight schedule, to enable the first LNG shipment to be made in late 2014 or early 2015.
“We are pleased with the support we have received from the Northern Territory people, the Government and key stakeholders and we are impressed by the business and infrastructure capabilities in the area,” Kuroda said.
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