BP raises its stake in Tangguh LNG (Indonesia) to 40.2%

BP raises its stake in Tangguh LNG (Indonesia) to 40.2%

Spanish energy group Repsol has sold its 3.06% stake in Tangguh LNG in
Indonesia to its partner BP for US$313m. BP, the operator of the
liquefaction plant, will now own 40.22% in Tangguh LNG, in partnership with
Mitsubishi-Inpex (MI Berau, 16.3%), CNOOC (13.9%), Nippon Oil (12.23%), KG
(10%) and LNG Japan (7.35%).

The Tangguh LNG plant was commissioned in 2009 and consists of two
liquefaction trains of 3.8 Mt/year each. In June 2016, BP made a final
investment decision on an US$8bn expansion, adding a third 3.8 Mt/year train
on the site by 2020.

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Link to Original Article:
http://www.enerdata.net/enerdatauk/press-and-publication/energy-news-001/bp-
raises-its-stake-tangguh-lng-indonesia-402_39200.html

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com