Commodities
Inpex Blocks MidOcean Deal, Boosts Stake in Ichthys LNG Project
Inpex has blocked MidOcean Energy's deal to acquire a stake in its Ichthys liquefied natural gas project in Australia by exercising its pre-emptive rights.
The move will increase Inpex's interest in the project to 68.555 percent, with JERA selling its entire project stake of 0.735 percent to Inpex instead.
Ichthys is a flagship project for Inpex, producing LNG, condensate, and liquefied petroleum gas from offshore western Australia.