INPEX consolidates position in Ichthys LNG

Jan. 12, 2024
INPEX has provisionally agreed to acquire 1.575% interests held by Tokyo Gas Co. in the Ichthys LNG project offshore/onshore northwest Australia.

Offshore staff

TOKYO, JAPANINPEX has provisionally agreed to acquire 1.575% interests held by Tokyo Gas Co. in the Ichthys LNG project offshore/onshore northwest Australia.

If ratified by the other partners and Australian regulatory authorities, INPEX subsidiaries would increase their stakes in the project to 67.82%.

The interests relate to offshore blocks WA-50-L and A-51-L including the Ichthys gas-condensate field and exploration permit WA-285-P, adjacent to WA-50-L.

In October 2022, Tokyo Gas announced its plan to sell the shares in its Australian project subsidiary holding theses interests to MidOcean Energy Holdings. INPEX subsequently exercised its pre-emptive rights under the various agreements to acquire the interests itself.

01.11.2024