StocksMedium•25 September 2026•
1 min read
Inpex Exercises Pre-emptive Rights for JERA's Ichthys LNG Stake
Key Facts
1Japan's Inpex exercised pre-emptive rights to buy a 0.735% stake in the Ichthys LNG project from JERA.
2The move blocks a previously agreed deal between JERA and MidOcean Energy for the same stake.
Japan's Inpex exercised pre-emptive rights to buy a 0.735% stake in the Ichthys LNG project from JERA. Reuters reported that the move blocks a previously agreed deal between JERA and MidOcean Energy for the same stake, as Inpex utilized its position as the project operator and largest shareholder to match the offer.
IPXHY closed at $24.47 on September 24, 2026, with the stock reaching a day high of $24.67 and a low of $24.18. The acquisition reflects the company's strategy to consolidate ownership in its flagship Australian LNG asset and maintain control over core energy operations.