Analysts flag delays for Ichthys

The Prelude FLNG hull being launched in Geoje.

The Prelude FLNG hull being launched in Geoje.

Energy analysts at Wood Mackenzie have flagged potential delays for the INPEX-operated Ichthys LNG Project on the back of problems at the South Korean shipyard building the project’s offshore module.

The Australian Financial Review reports that Wood Mackenzie has highlighted bottlenecks at the Samsung Heavy Industries shipyard in Geoje, in light of work on Shell’s Prelude floating LNG (FLNG) facility at the site.

Woodside’s Browse FLNG Project is also listed to be built at the shipyard.

Woodside Chief Executive Peter Coleman told the Australian Petroleum Production and Exploration Association (APPEA) 2015 Conference last week that the current workload at the site makes it difficult to determine when the facilities could actually be deployed.

Participants in the Browse joint venture include Woodside as operator, Shell Development Australia, BP Developments Australia, Japan Australia LNG (MIMI Browse) Pty Ltd and BHP Billiton Petroleum (North West Shelf) Pty Ltd.

The Ichthys LNG Project is more than 70 per cent complete and scheduled to enter commissioning in 2016.

The project is a joint venture between INPEX, major partner Total and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Chubu Electric Power and Toho Gas.

Enter your details to subscribe to the free fortnightly Gas Today e-newsletter

Thank you for signing up for the Gas Today Online Update.