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Australia's Ichthys to make condensate cargo shipment as scheduled despite approaching cyclone: Inpex

Tokyo — Australia's Ichthys project will make a condensate cargo shipment from a floating production, storage and offloading facility in the coming days as scheduled despite an approaching cyclone, an official with project operator Inpex said Friday.

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France's Total is scheduled to lift a condensate cargo on the Aframax vessel Sebarok Spirit over March 24-25 from the FPSO Ichthys Venturer, according to shipping fixtures.

S&P Global Platts trade flow software cFlow showed that the Sebarok Spirit is scheduled to arrive at the FPSO on Saturday.

Category 3 tropical cyclone Trevor is intensifying Friday and heading towards Australia's Northern Territory coast, while Category 4 tropical cyclone Veronica is sitting off northwest Western Australia, according to Australia's Bureau of Meteorology.

Crude oil loadings from Western Australian ports are already delayed as of Thursday as cyclone Veronica moves through the region, according to trade sources and Platts data.

Total holds a 30% stake in the Ichthys project, which is led by Japan's upstream company Inpex with a 62.24% operating stake.

-- Takeo Kumagai, takeo.kumagai@spglobal.com

-- Andrew Toh, andrew.toh@spglobal.com

-- Edited by Ikhhlaq Singh Aujla, newsdesk@spglobal.com