Mitsui & Co., said today that Mitsui Oil Exploration (MOECO), a subsidiary of Mitsui in which the company has 70.45% equity interest, has sold 12,000 shares (0.3% of issued shares) of INPEX.
Through this transaction MOECO’s interest in INPEX will decrease from 4.8% to 4.5%.
Japan’s INPEX last month made the Final Investment Decision on the US$34 billion Ichthys LNG Project in Australia.
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LNG World News Staff, February 9, 2012; Image: INPEX