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The agreement was accompanied by the launch of engineering studies on the project.
The plant will have a nameplate capacity of 750 000 tpy of LNG.
Oil storage and gas processing facilities among assets included in the deal.
With the milestone visit to Darwin Friday 16th November by Japanese Prime Minister, Shinzo Abe, for the official opening of the $US40 billion Ichthys LNG project, it is that Inpex-operated project that is set to drive Australia to the premier LNG export position.
A new report from Black & Veatch suggests that the natural gas industry is trending up despite the headwinds of trade dispute and a surge in renewables.
Asia is expected to be the major contributor to the growth of global LNG regasification capacity between 2018 and 2022, according to a GlobalData report.
Joint investments will see an increase in helium feedstock and addition of two new air separation plants.
ADNOC LNG signed the agreement in coordination with its JV partners, Mitsui, BP and Total.
The International Gas Union (IGU) has welcomed the findings in the IEA’s latest World Energy Outlook.
