Tangguh LNG Project on Schedule

BP’s Tangguh LNG project is moving as per schedule, Jakarta Globe quoted William Lin, the regional president for BP’s Asia-Pacific operation, as saying.

The project will cost $12 billion, final investment decision will be made in 2015 and first shipment is expected in 2019, the newspaper said.

Currently, there are two trains in operation producing around 7.6 million tons of LNG a year and a proposal is to build a third train, with a capacity of 3.8 million tons.

BP owns a 37.16 percent interest in the project and is the operator.

The Tangguh LNG project is located in Bintuni Bay in Papua, in the eastern-most part of Indonesia.

Sign-up for our free weekly newsletter update via email here