Inpex has finalised the transfer of a nearly 1.6% equity stake in the Ichthys LNG export project to Tokyo Gas as it speeds towards a final investment decision.

The Japanese operator now holds a 72.805% share of Ichthys LNG, while France’s Total has 24%, Osaka Gas 1.2% and Toho Gas 0.42%.

The deal with Tokyo Gas is still subject to approval by the Australian government, as are equity stakes held by fellow Japanese utilities Osaka and Toho.

LNG