• Kyodo

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The Indonesian government has reached a deal with Japan’s biggest oil and gas developer, Inpex Corp., on the framework for a $20 billion development plan for an onshore liquefied natural gas facility. An agreement is expected to be signed on the sidelines of the Group of 20 summit in Osaka in June.

In a statement Monday, Indonesia’s Ministry of Energy and Mineral Resources said that after over 20 years of negotiations, both sides achieved a win-win solution in which Indonesia will get a 50 percent share in production from the Masela gas block in its eastern province of Maluku.

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