Inpex Executive Will Consult With Japanese Government And Other Partners On Investment In Russia's Sakhalin-1 Oil Project And Responses To U.S. Sanctions Against Rosneft

Nov 13 (Reuters) - Inpex Corp 1605.T:

• INPEX EXECUTIVE: INPEX SAYS ICHTHYS LNG PROJECT IN AUSTRALIA RESUMED PRODUCTION ON TRAIN 1 AT END-SEPTEMBER AFTER MAINTENANCE SHUTDOWN, AND ON TRAIN 2 IN EARLY NOVEMBER

• INPEX EXECUTIVE: NO DECISIONS HAVE BEEN MADE AT THIS TIME REGARDING INVOLVEMENT IN ALASKA LNG PROJECT

• INPEX EXECUTIVE: DUE TO U.S. SANCTIONS ON RUSSIA’S LUKOIL, WE PLAN TO BOOK AN IMPAIRMENT LOSS OF SEVERAL BILLION YEN ON THE BLOCK 10 OIL PROJECT UNDER DEVELOPMENT IN IRAQ IN 4Q

• INPEX EXECUTIVE SAYS ICHTHYS TRAIN 1 IS CURRENTLY OPERATING AT FULL CAPACITY, AND TRAIN 2 IS SCHEDULED TO RETURN TO FULL OPERATION THIS WEEK

• INPEX EXECUTIVE: DUE TO MAINTENANCE DELAYS, ICHTHYS CARGO SHIPMENTS THIS YEAR WILL LIKELY FALL BELOW INITIAL PLANS, POSSIBLY REQUIRING SUBSTITUTE CARGO PROCUREMENT

• INPEX EXECUTIVE: NO PLANS TO WITHDRAW FROM THE IRAQ BLOCK 10 DEVELOPMENT PROJECT AT THIS STAGE, AND DISCUSSIONS WITH LUKOIL ON FUTURE ACTIONS ARE ONGOING

• INPEX EXECUTIVE: WILL CONSULT WITH JAPANESE GOVERNMENT AND OTHER PARTNERS ON INVESTMENT IN RUSSIA'S SAKHALIN-1 OIL PROJECT AND RESPONSES TO U.S. SANCTIONS AGAINST ROSNEFT

Source text: [ID:]