Japan: Osaka Gas Buys Ichthys Stake

INPEX CORPORATION announced today that INPEX Ichthys Pty Ltd and other project group companies have reached an agreement with Osaka Gas Co., Ltd. to transfer its 1.2% of Ichthys project equity interest.

Based on the agreement, Ichthys project equity interest will be as follows:

• INPEX – 74.8%

• TOTAL – 24%

• Osaka Gas – 1.2%

Ichthys project equity interest includes the following elements:

1. Participating interest of WA-37-R (Ichthys gas-condensate field)

2. Participating interest of WA-285-P (exploration permit adjacent to WA-37-R)

3. Shares of Ichthys LNG Pty Ltd (natural gas liquefaction and LNG marketing company).

[mappress]

LNG World News Staff, December 6, 2011