BP gets key approval for $12B Tangguh LNG expansion

|About: BP p.l.c. (BP)|By:, SA News Editor

Indonesia’s government has approved the environmental and social impact assessment for the BP-led Tangguh LNG expansion project, and an environmental permit has been issued, a key step toward the project's ultimate approval.

The expansion project, expected to cost $12B, would add a third train, boosting total project production capacity to 11.4M metric tons/year from current capacity of 7.6M.

BP and its partners have pledged to supply 40% of the LNG output from Train 3 (1.5M metric tons/year) to Indonesia’s state electricity company for the domestic market.