Inpex exercises pre-emptive rights to buy JERA's stake in Ichthys LNG project

Inpex exercised pre-emptive rights to acquire JERA's 0.735% stake in the Ichthys LNG project in Australia, preventing JERA's proposed sale of the interest to MidOcean Energy. The transaction modestly increases Inpex's ownership of the major LNG asset and blocks MidOcean's entry into the project.