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Ichthys LNG Project Arranging Insurance for Facilities During Construction Period (Australia)

Posted on Feb 28th, 2013 with tags , , , , , , , , , .

Ichthys LNG Project Arranging Insurance for Facilities During Construction Period (Australia)

INPEX CORPORATION (INPEX) announces that the INPEX-led Ichthys LNG Project has completed insurance arrangements for project facilities related to the Ichthys LNG project during the construction period prior to the production start-up scheduled by the end of 2016.

These insurance policies provide covers against risks such as property damage and third-party liabilities for Subsea Production System (SPS), Umbilicals / Risers / Flow lines (URF), Central Processing Facility (CPF), Floating Production, Storage and Offloading (FPSO), Gas Export Pipeline (GEP), Onshore LNG Plant in Darwin and other facilities constructed.

The Ichthys LNG Project is a world-scale LNG project, and completion of insurance arrangement for the project facilities achieves a significant milestone for the progress of the promising Ichthys LNG Project.

The participants in the Ichthys LNG Project appreciate the continued support from the local communities, the governments of Australia, Western Australia and Northern Territory, as well as support from other stakeholders for timely delivery of the Ichthys LNG Project.

List of insured Facilities under construction phase:

- Subsea Production System (SPS)

- Umbilicals / Risers / Flow lines (URF)

- Central Processing Facility (CPF)

- Floating Production, Storage and Offloading (FPSO)

- Gas Export Pipeline (GEP)

- Onshore LNG Plant in Darwin


Press Release, February 28, 2013

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