Tangguh LNG Expansion Plan Gets Final Nod

The final approval for the expansion of Tangguh LNG project in West Papua province has be given, AFP reported citing a statement by BP Indonesia.

The deal, announced last month during President Susilo Bambang Yudhoyono's state visit to London, will allow BP to develop a third liquefied natural gas (LNG) liquefaction train at its Tangguh LNG project.

"The plan of development for a third LNG train at Tangguh has now been fully approved," BP's Asia-Pacific regional president William Lin said in a statement..

BP holds a 37.16 percent stake in the Tangguh plant, which began operations in mid-2009.