JKC Australia LNG (JKC), a joint venture between Japan-based JGC Corp, Houston-based KBR and Japan-based Chiyoda Corp, signed a contract with INPEX in February this year for the procurement, engineering and construction of onshore LNG facilities that will be built near Darwin, Australia.
The LNG facilities’ development, known as the Ichthys LNG project, is valued at $34 billion. The Ichthys project is a joint venture between operator INPEX, which owns 76 percent, and TOTAL, which owns the remaining 24 percent. Gas from the Ichthys field will undergo processing offshore to remove water and extract condensate. Then the gas will be exported to onshore processing facilities in Darwin via a sub-sea pipeline that is 889 kilometres long.
The Ichthys project is expected to produce 8.4 million tonnes of LNG and 1.6 million tonnes of LPG each year, in addition to 100,000 barrels of condensate per day at peak times.
A global Hogan Lovells team has been working with JKC in relation to the Ichthys project. Led by London-based infrastructure and project finance partner Scott Tindall, the core team also includes Hong Kong-based partner Tim Hill and Singapore Of Counsel Julien Reidy. Other firms involved in this landmark project are Latham & Watkins, Ashurst, Allens Arthur Robinson and Clayton Utz.
Commenting on his team’s involvement, Tindall said through a firm statement: “The Ichthys LNG Project is one of the largest projects the world has ever seen, with a value of $34 billion. The sheer size and importance of the deal has made it a uniquely challenging, but uniquely rewarding experience, since the very beginning. The fact that so much progress has been made in such a short period of time is testament to the huge experience and expertise of those involved, especially our clients – JGC Corp, KBR and Chiyoda Corp.” ALB
Candice Mak is North Asia Editor at ALB. Follow her on Twitter: @ALB_Magazine.
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