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.
Key facts
- 01Inpex increases its stake in Ichthys LNG project to 68.555%.
- 02The stake purchased from JERA amounts to 0.735%.
- 03Ichthys LNG project began production in 2018 and has annual LNG capacity of 9.3 million metric tons.
- 04Completion of the deal is subject to regulatory approvals; JERA previously said it would sell to MidOcean Energy.
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