Total Grabs Bigger Slice Of $34B Inpex LNG Venture

Law360, New York (July 12, 2012, 4:26 PM EDT) -- Joint venture partners Inpex Corp. and Total SA have traded a small slice of their $34 billion Ichthys project, upping Total's stake in the offshore Australian liquefied natural gas operation to 30 percent, the parties announced Wednesday.

The transfer of a 6 percent stake reduces Inpex's equity interest in the mammoth LNG project to just over 66 percent, giving French oil and gas giant Total a slightly higher level of participation in production licenses for two of Ichthys' gas condensate fields, as well as an exploration...
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