BP to Submit Tangguh LNG Plan in August
BP later this month will most likely submit a plan to the Indonesian government to build a third liquefied natural gas (LNG) train at its Tangguh plant. The plant is estimated to cost $12 billion.
Reuters has reported that BP and its partners in the project may take a final investment decision by the middle of 2013 for the new train to start operations in 2019. The third LNG train will have capacity of 3.8 million tonnes per year (tpa), which would bring total output at the Tangguh plant in Papua Barat province to 11.4 million tpa, BP Asia Pacific Regional President William Lin said.
As part of the expansion, BP signed in May an initial agreement to provide long-term LNG supply to Indonesia's state utility company Perusahaan Listrik Negara (PLN) and to support PLN in providing electricity for Teluk Bintuni Regency in Papua Barat province, Reuters said.
BP holds a 37.16 percent stake in the Tangguh LNG plant which it operates, and which began working in mid-2009.