LNG (LIQUIFIED NATURAL GAS)

Tangguh LNG on track for late 2008

THE BP-operated Tangguh liquefied natural gas project, drawing on a 14 trillion cubic feet gas fi...

Tangguh LNG on track for late 2008

At the end of the first quarter of this year, construction was more than 70% complete and all major equipment to build the train one and train two LNG procession facilities had been delivered, BP told the newspaper.

BP Indonesia president director John C. Minge said also said the company was in discussions with a group of investors to build the third and final train in the complex.

Earlier this month, the world’s largest LNG importer, Korea Gas (Kogas), told the Post it was interested in taking part in the development of Tangguh’s third train.

The Tangguh partners include BP, CNOOC, Mitsubishi, Inpex, Nippon Oil, LNG Japan (owned by Sumitomo and Sojitz Holdings), and a consortium of smaller Japanese investors.

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