TOKYO, July 12 Japan's Inpex Corp said
on Thursday it has agreed to sell a 6-percent equity stake in
the Ichthys liquefied natural gas project in Australia to its
The sale, pending approval by the Australian government and
other administrative processes, would raise the share of French
oil giant Total to about 30 percent and cut Inpex's to 66.07
percent, Inpex said in a statement.
Inpex had been in talks to sell an additional stake in the
$34 billion project to Total, which had expressed interest in
lifting its stake to 30 percent.