Samsung Heavy Wins Ichthys Gas Plant Contract

Samsung Heavy Industries has won a US$2.71 billion contract to build the Ichthys gas processing plant off the shore of Western Australia.

The natural gas processing facility will be built approximately 890 kilometers in the Timor Sea. The gas will pumped to Blaydin Point in Darwin to be converted into liquefied natural gas. It will be transferred to a floating storage area and shipped for export t. The Ichthys project is a partnership between Japan's Inpex and France's Total.

A contract to build the $US15 billion onshore plant was recently awarded to a partnership between two Japanese engineering firms: JGC Corporation and Chiyoda, along with Houston-based Kellogg Brown and Root. The cost of the project will total US$34 billion.

First gas exports are expected to begin in late 2016.