Inpex Transfers Ichthys LNG Equity Interest to CPC Corporation (Australia)

Inpex Transfers Ichthys LNG Equity Interest to CPC Corporation

INPEX CORPORATION announced it has reached an agreement for INPEX Ichthys Pty Ltd and other project group companies to transfer a 2.625% of the Ichthys LNG Project equity interest to CPC Corporation, Taiwan (CPC).

Ichthys LNG Project equity interest includes the following elements:

  1. Participating interest in production licenses WA-50-L (Ichthys gas-condensate field) and WA-51-L
  2. Participating interest in exploration permit WA-285-P (adjacent to WA-50-L)
  3. Shares of Ichthys LNG Pty Ltd (a downstream company which owns LNG facilities, liquefies natural gas and does marketing LNG and liquids)

After the completion of the transfer of the 2.625% of the Ichthys LNG Project equity interest to CPC, the joint venture partners for the Ichthys LNG Project will be as follows:

  • INPEX 63.445%
  • TOTAL 30.000%
  • CPC 2.625% (subject to the satisfaction of certain conditions precedent including the approval by the Australian government)
  • Tokyo Gas 1.575%
  • Osaka Gas 1.200%
  • Chubu Electric 0.735%
  •  Toho Gas 0.420%.

[mappress]

LNG World News Staff, June 27, 2013; Image: Inpex