Four years sees 750th cargo depart from Darwin’s INPEX-operated Ichthys LNG

October saw the 750th cargo produced by INPEX-operated Ichthys LNG safely depart Darwin on the Pacific Breeze, the same vessel which carried the first LNG cargo, nearly four years ago.

The Ichthys LNG project is notably ranked as one of the most significant oil and gas projects in the world, currently Australia’s leading producer of LPG and fourth largest producer of LNG.

The project is estimated to deliver $87.1 billion in gross territory product impact across 2020–2030, an average $7.9 billion per annum, according to ACIL Allen’s social and economic impact assessment 2020–2030.

The Northern Territory Government and INPEX Corporation signed a significant commitment statement in July to strengthen strategic collaboration with our largest export trading partner.

The commitment focuses on accelerating our complementary net zero transition targets and initiatives including realisation of carbon capture, utilisation and storage technologies and generating new economic and social opportunities within a competitive net zero emissions future.

The agreement incorporates five pillars for strategic alignment, collaboration and synergy to:

  1. increase liquefied natural gas (LNG) production capacity and expand the onshore production facilities at Bladin Point
  2. increase stable and clean energy supply and security for the Asia/Oceania region
  3. create a multi-user carbon capture and storage hub at the Middle Arm Sustainable Development Precinct
  4. strengthen and increase local skills development, and services and supply capability by supporting Territory businesses and people as a platform for the future
  5. establishing renewable energy targets and technology, electrification, as well as nature-based solutions to support a net-zero society by 2050.

The INPEX Vision@2022 outlines INPEX’s long-term strategy towards realisation of a net zero carbon society by 2050.

Harnessing the Territory’s abundant natural gas resources to support expanded LNG export markets presents more than just increased revenue prospects, it will play a leading role in our journey to a net zero future with sustainable economic growth.

Territory gas will support critical global demands for cleaner, affordable transition fuel sources and is set to propel sustainable new industries in the Territory.

The Middle Arm Sustainable Development Precinct will catalyse advanced manufacturing, gas-based processing, hydrogen production and critical minerals processing supported by diverse clean energy solutions.

Preserving Darwin’s environmental values, including Darwin Harbour, is critical to meeting the precinct’s sustainable objectives as master planning and strategic environmental assessments progress.

Precinct realisation will deliver significant, sustainable and diverse economic growth for Territorians for decades to come.

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