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MarketScreener Homepage  >  Equities  >  Tokyo  >  Inpex Corp    1605   JP3294460005

INPEX CORP

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Inpex : Indonesia approves Inpex's plan for $20 billion Masela LNG project

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07/12/2019 | 04:34am EDT
Inpex Corp's logo is pictured at its headquarters in Tokyo

JAKARTA (Reuters) - Indonesia's energy ministry has approved a revision by Japan's Inpex Corp of its development plan for the $20 billion Masela natural gas project, upstream oil and gas regulator SKK Migas said on Friday.

Regulator Chairman Dwi Soetjipto said the details of the approved plan were the same as agreed in a deal signed last month, including the timeline, estimated costs and fiscal conditions.

Inpex had to revise the gas block development plan, causing years of delay, after a government order in 2016 to move the project inland, versus the earlier plan for development offshore.

The Japanese oil and gas company, which controls 65% of the project, is expected to proceed with their final investment decision for the project, Soetjipto said.

The liquefied natural gas (LNG) plant, which will have a capacity of 9.5 million tonnes per year, is expected to start operations in 2027, he said.

In a heads of agreement signed in June, Indonesia gave Inpex initial approval for a 27-year contract extension to 2055.

An Inpex spokesman in Jakarta said the company has not yet received an official notification from the government regarding the approval of the revised plan.

(Reporting by Wilda Asmarini; Writing by Fransiska Nangoy; Editing by Clarence Fernandez and Christian Schmollinger)

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Financials (JPY)
Sales 2020 1 344 B
EBIT 2020 650 B
Net income 2020 175 B
Debt 2020 755 B
Yield 2020 3,91%
P/E ratio 2020 7,92x
P/E ratio 2021 6,73x
EV / Sales2020 1,59x
EV / Sales2021 1,37x
Capitalization 1 386 B
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Number of Analysts 10
Average target price 1 467,10  JPY
Last Close Price 949,50  JPY
Spread / Highest target 100%
Spread / Average Target 54,5%
Spread / Lowest Target 16,4%
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Managers
NameTitle
Takayuki Ueda President & Representative Director
Toshiaki Kitamura Chairman
Masahiro Murayama Director, General Manager-Finance & Accounting
Takahiko Ikeda Director, GM-Technology & Head-Compliance
Takashi Kubo Managing Executive Officer & GM-Information System
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