Mitsui Acquires Additional Stake in Tangguh LNG Project


Location of the Tangguh LNG Project
(Click to Enlarge)
Mitsui & Co. has deceided to acquire additional shares in two companies owned by Kanematsu Corporation, KG Berau Petroleum, and KG Wiriagar Petroleum, together with INPEX Holdings, Mitsubishi Corp and Nippon Oil.

OPC will acquire 6,997 shares in KGB (9.9% of issued shares) and 10,200 shares in KGW (32.1% of issued shares) for 5 billion yen, excluding development costs already incurred.

October 1, 2007: Signing of share transfer agreement

October 22, 2007: Scheduled date for share transfer

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