Aug 21 (LNGJ) - Japan's largest oil and gas explorer Inpex has agreed to sell a 1.2% stake in Australia's Ichthys LNG project to Japanese utility Kansai Electric Power Co.
The deal reduces Inpex shareholding to 62.25% and follows Kansai's commitment to buy 800,000 tonnes of LNG per year from the project over a period of 15 years starting from 2017.
The liquefaction terminal, which counts Total and others as shareholders, is slated to start-up before the end of 2016.
