Tangguh Train 3 $8 billion LNG plant Expansion

Overview:

The Tangguh natural gas liquefaction facility (Tangguh) has been operating in West Papua, Indonesia's least developed region, since 2009. The two existing trains (Train 1 and 2) were financed by Asian Development Bank, JBIC and International Commercial Bank in 2007.

Train 3 is now undergoing expansion and is expected to commence production in 2020, with 40% of the production being committed to PLN (the Indonesian national electric utility) under a long term sales and purchase agreement. 

The sponsors are led by BP. BP and its affiliates in Indonesia hold a 37.16% stake in the project, followed by MI (16.30%), CNOOC Muturi (13.90%), Nippon Oil Exploration(12.23%), KG Berau Petroleum and KG Wiriagar Petroleum (10.00%), Indonesia Natural Gas Resources Muturi (7.35%), and Talisman Wiriagar Overseas (3.06%). 

Wai Yee Tsang- Journalist Asia-Pacific