LNG

Indonesian state-owned oil and gas company Pertamina is preparing to acquire Shell’s stake in the Masela natural gas block that will underpin the Abadi LNG export project in Indonesia and boost future cargo availability in the Pacific Basin, while Shell is also selling all its assets in Pakistan in a pull-out from Asia's more difficult areas to do business.

Inpex Corp., the Japanese operator of the Ichthys LNG export plant in Australian and with a stake in a large Indonesian liquefaction project, has acquired an additional portion of ExxonMobil’s Lucius and Hadrian North field stakes in the US Gulf of Mexico producing oil and natural gas.