Inpex to Buy JERA Stake in Ichthys LNG
Inpex has exercised its pre-emptive rights to acquire a 0.735 percent stake in the Ichthys LNG project from JERA, blocking a previous deal with MidOcean Energy. The acquisition increases Inpex's interest to 68.555 percent and supports Japan's energy security.
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INPEX CORP exercised pre-emptive rights on Friday morning to acquire a 0.735% stake in the Ichthys LNG project in Australia from TOKYO ELECTRIC POWER COMPANY and CHUBU ELECTRIC POWER CO INC joint venture JERA, blocking a planned sale to MidOcean Energy. The transaction increases Inpex's interest in the project to 68.555%. The move aligns with Inpex's long-term strategy to expand upstream gas assets and secure energy supplies for Japan.
