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INPEX-LNG/
RTR4KPR6
January 09, 2015
apan's biggest oil and gas explorer Inpex Corp President and CEO Toshiaki Kitamura poses with a New Year...
Tokyo, Japan
Inpex Corp President and CEO Kitamura poses with a New Year rice cake before an interview with Reuters...
apan's biggest oil and gas explorer Inpex Corp President and CEO Toshiaki Kitamura poses with a New Year rice cake before an interview with Reuters at the company headquarters in Tokyo January 9, 2015. The $34 billion Ichthys liquefied natural gas (LNG) project in Australia is still above its break-even-point despite a six-month plunge in global oil prices to around $50 a barrel, said the top executive of project operator Inpex Corp. When Inpex made its final investment decision (FID) in 2012, Brent crude was hovering around $110 a barrel, but Inpex is not worried about the profitability of Ichthys even though global crude prices have lost more than 50 percent of their value since June last year, Kitamura said in an interview with Reuters on Friday. To match Interview INPEX-LNG/ REUTERS/Toru Hanai (JAPAN - Tags: BUSINESS ENERGY)
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