Prelude FLNG Project

In June 2012, INPEX acquired a 17.5 percent interest in the Prelude FLNG (floating LNG) Project from Shell during the project's development stage. The project involves the production of approximately 3.6 million tons per year of LNG, 400 thousand tons per year of LPG at peak and approximately 1.3 million tons of condensate per year at peak from the Prelude Gas Field located in Block WA-44-L, approximately 475 kilometers north-northeast of Broome, off the coast of Western Australia. Shell as the operator of the Prelude FLNG Project announced its final investment decision (FID) in May 2011. Following the completion and commissioning of production facilities, gas production from the wellhead commenced in December 2018. The first condensate cargo was shipped in March 2019 followed by the first LNG cargo in June 2019.