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JERA is a 50-50 joint venture between TEPCO Fuel & Power, a wholly owned subsidiary of Tokyo Electric Power Company, and Chubu Electric Power, founded in April 2015. The company assumed ownership and operation of all of Tokyo Electric and Chubu Electric thermal power stations, giving it a total output of approximately 67 GW, which made it Japan's largest power generation company.

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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 ↗