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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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Ichthys will develop approximately 3 billion barrels oil equivalent of reserves, including around 500 million barrels of condensate. Onshore installations will consist of two LNG trains with a capacity of 4.2 First production is expected at the end of 2016. The CPF and the FPSO will both be one of the largest in the world.

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