Total, Inpex $34B LNG Project Clears Final Hurdle

Law360, New York (March 14, 2012, 3:56 PM EDT) -- The Australian government has granted production licenses for the Ichthys subsea liquefied natural gas project, a $34 billion joint venture between Japan's Inpex Corp. and French oil giant Total SA, Inpex said Wednesday.

The project, which will tap a deepwater gas field off Australia's northern coast, now has all the government approvals it needs to move forward, Inpex said. The project already had environmental approval and pipeline licenses.

Inpex and Total made a final investment decision in January on the project, expected to produce 8.4 million...
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