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Japan’s Inpex to raise Ichthys LNG project stake
Japanese upstream company Inpex plans to acquire a 1.575pc share in the Ichthys LNG project in Australia from Japan's gas utility Tokyo Gas at the end of February. This will raise project operator Inpex's stake in the project to 67.82pc from its current 66.245pc share. The Ichthys LNG project can generate 8.9mn t/yr of LNG and 1.65mn t/yr of LPG. The sale came as Tokyo Gas decided to optimise its portfolio by selling its entire stake to Inpex at an undisclosed value. Tokyo Gas said this will not impact its LNG procurement and supplies. Tokyo Gas agreed to sell its five subsidiaries in Australia at $2.15bn to US ... (full story)