INPEX Corporation has announced a Sales Purchase Agreement that will see an estimated 70 per cent of all LNG produced at the $20 billion Ichthys Project delivered to Japan.


Ichthys LNG Pty Ltd, a company jointly owned by INPEX and TOTAL and the seller of Ichthys LNG, signed the legally binding SPA with a consortium of major Japanese utility companies, totaling 4.0 mtpa.


Under the SPA, Ichthys LNG Pty Ltd will sell LNG for 15 years commencing in 2017 from the Ichthys Project to:


  • Tokyo Electric Power Company, Inc (1.05 mtpa)
  • Tokyo Gas Co.,Ltd. (1.05 mtpa)
  • The Kansai Electric Power Co., Inc. (0.80 mtpa)
  • Osaka Gas Co.,Ltd. (0.80 mtpa)
  • Kyushu Electric Power Company Inc. (0.30 mtpa)