Tangguh LNG project
LNG business Tangguh LNG project
Liquefaction and export of natural gas produced in Indonesia
Tangguh LNG is an LNG production and sales project that has been realized with close cooperation of Tangguh joint venture partners, headed by bp as the operator, the Indonesian government, the contractors, and, in particular, the local communities of West Papua.
The project produces LNG by developing each of the Wiriagar, the Berau, and the Muturi gas field, which are located in the Bintuni Bay of West Papua.
The LNG production began in June 2009, and the first LNG cargo was shipped in July 2009. Since then, the existing two LNG trains have been producing 7.6 million tons of LNG annually. A third LNG train with a production capacity 3.8 million tons per annum is currently under construction. The final investment decision for the third train was approved in June 2016, and the start of production is scheduled for 2023.
|Shareholder composition||bp (40.2%), MI Berau [Mitsubishi Corporation/Inpex Corporation 56:44] (16.3%), KG Berau Petroleum [MIBJ (Mitsubishi Corporation/Inpex Corporation 56:44) 16.5%, Mitsui & Co. 20.1%, JX Nippon Oil & Gas Exploration Corporation 14.2%, Japan Oil, Gas and Metals National Corporation 49.2%] (8.6%), Others|
|Location||West Papua, Indonesia|
|Equity share of production capacity||
Existing (trains 1 & 2): 753,900 tons/year
Expansion (train 3): 377,000 tons/year