Deals this week: Total, Energean, Honeywell
Deals this week: Total, Energean, Honeywell
Total has signed a $1.6bn agreement with Inpex to divest its 4% stake in the Ichthys liquefied natural gas (LNG) project.
Inpex will hold a 66.24% stake in the project, while Total will hold 26%, following the transaction. CPC, Tokyo Gas, Osaka Gas, Kansai Electric, JERA, and Toho Gas are the other shareholders in the project.
The divestment is a result of cost overruns and delays in the construction of the project, which is designed...