19 April 2024
INPEX to buy stake in Shell’s Prelude FLNG project
Publication date: 16 March 2012
Gas Strategies Group
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With the cost of Shell’s Prelude floating LNG (FLNG) facility still one of the industry’s best kept secrets, Japan’s INPEX has agreed to acquire a 17.5% stake in the project, through subsidiary INPEX Oil and Gas Australia. The deal could ease some project cost pressure, while INPEX will benefit by applying its experience from Prelude to the development of its proposed Abadi FLNG plant in Indonesia.