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Japan's Inpex delays Ichthys LNG project; posts loss on Canada gas project

Published 2018-03-26, 03:26 a/m
© Reuters.  Japan's Inpex delays Ichthys LNG project; posts loss on Canada gas project
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TOKYO, March 26 (Reuters) -

* Japan's Inpex Corp 1605.T says to delay start-up of Ichthys LNG project in Australia to April-May from by the end of March due to bad weather such as cyclones

* Inpex says the project's Central Processing Facility would complete trial operations in April-May, start gas production from the well; production of condensate, LNG and liquefied petroleum gas (LPG) would follow after that in that order

* Inpex says to book a 76 billion yen ($723 million) special loss on impairment charges this business year ending March 31 related to its Canada shale gas project

* Inpex revised its profit estimates for this business year downwards due in part to the charge ($1 = 105.1100 yen)

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