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Inpex's posts huge losses over Prelude FLNG

JAPAN's Inpex has booked a painful "extraordinary loss" of ¥186.9 billion (A$2.5 billion) in its latest results, due to an impairment of ¥192.4 billion (A$2.53 billion) resulting from "deteriorating business environments".

paul hunt
Shell-Prelude.jpeg

Shell-Prelude.jpeg

Over the first half the company posted more than $1.8 billion of charges on its Australian LNG interests.  Roughly $1.72 billion of this was from the Prelude FLNG project operated by Shell. It holds...

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