BP to Submit Plan to Build Third Tangguh Train This Month, Indonesia

BP will submit a plan to the Indonesian government to construct a third LNG train at the Tangguh terminal this month, Reuters reported, citing BP’s Asia Pacific Regional President William Lin.

The company and its partners in the project may take a final investment decision by the middle of 2013, he added.

Tangguh is operated by BP Indonesia as contractor to BPMIGAS. BP holds a 37.16% interest in the project.

Other Tangguh contract partners are MI Berau B.V. (16.30%), CNOOC Ltd. (13.90%), Nippon Oil Exploration (Berau), Ltd. (12.23%), KG Berau/KG Wiriagar (10.00%), LNG Japan Corporation (7.35%), and Talisman (3.06%).

[mappress]
LNG World News Staff, August 16, 2012