INPEX CORPORATION announced that INPEX and TOTAL S.A. have completed the necessary procedures to transfer a 6% of the Ichthys LNG Project equity interest to TOTAL group companies.
The Ichthys LNG Project equity interest includes the following elements:
As a result of the transfer, the Ichthys LNG Project equity interest will be as follows:
Upon the completion of the transfer, INPEX’s ordinary income and income before income taxes in its consolidated financial results for the year ending March 31, 2013 are expected to increase by approximately 42.0 billion yen respectively. Since such increase has been already incorporated in INPEX’s forecasts for consolidated financial results for the year ending March 31, 2013 announced on February 6, 2013, the forecasts will not be revised.
[mappress] LNG World News Staff, March 01, 2013