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INPEX Corporation is a Japanese oil company established in February 1966 as North Sumatra Offshore Petroleum Exploration Co., Ltd. INPEX is the largest oil and gas exploration and production company in Japan, with global exploration, development and production projects in 20 countries. In the 2020 Forbes Global 2000, INPEX was ranked as the 597th-largest public company in the world.

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economy2 d ago

Inpex exercises pre-emptive rights to buy a stake in the Ichthys LNG project from JERA

According to CNA Business, Inpex exercised its pre-emptive rights to buy a 0.735% stake in the Ichthys LNG project from JERA, increasing Inpex's stake to 68.555%. The terms were not disclosed, and completion is subject to regulatory approvals, with the move aligning with Inpex's strategy to expand upstream gas assets.

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Inpex exercises pre-emptive rights to buy a stake in the Ichthys LNG project from JERA

economy2 d ago

coda.news AI summary

Inpex increases its stake in Ichthys LNG project to 68.555%.
The stake purchased from JERA amounts to 0.735%.
Ichthys LNG project began production in 2018 and has annual LNG capacity of 9.3 million metric tons.
Completion of the deal is subject to regulatory approvals; JERA previously said it would sell to MidOcean Energy.

Inpex JERA MidOcean Energy

CNA BusinessRead original ↗