UPDATE 1-Indonesia to extend Inpex`s Masela LNG contract by 27 years from 2028 -statement
(WorldNews Indonesia)

Indonesia has agreed with Japan`s Inpex to extend the company`s contract to operate the Masela natural gas field in the country`s east by up to 27 years once it expires in 2028, the energy ministry said in a statement on Thursday. `This decision ... will give a 20-year extension to Inpex because their contract is almost over, with an additional seven years as compensation for changing the refinery development scheme from floating to land-based,` Energy and Mineral Resources Minister Ignasius Jonan said in the statement. ......