BP Plans to Award FEED Contract for Tangguh LNG Project Soon
BP plc intends to award an onshore front-end engineering and design (FEED) contract for a third liquefaction train for the Tangguh liquefied natural gas (LNG) project in Bintuni Bay, West Papua, Indonesia in the coming months, a company official told local daily Jakarta Globe Friday.
"We hope to do that by the end of this quarter," William Lin, the regional president for BP’s Asia-Pacific operation, said.
The final investment decision for the project, estimated to cost approximately $12 billion, is expected to be made in 2015 and first LNG shipment is scheduled for 2019.
Under the project proposal, BP plans to build a third train with a capacity of 3.8 million tons per year at the site. The two trains currently in operations produce around 7.6 million tons per year of LNG.
BP is the operator of the Tangguh LNG project, with a 37.16 percent interest.
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