BP to build third LNG train at Indonesian gas field -BPMigas
JAKARTA Aug 5 (Reuters) - Energy major BP has discovered enough reserves to give the go-ahead for a third liquefied natural gas (LNG) train at its Tangguh gas field, Indonesia's oil and gas watchdog BPMigas said on Friday.
"The result of reserve certification shows that BP can build a third LNG train with a capacity of 3.8 million tonnes per annum," said R. Priyono, chairman of BPMigas said.
BP has a 37.16 percent stake in the Tangguh project in Papua in the east of the sprawling archipelago, which has capacity to produce 7.6 million tonnes per year (tpy) through two trains.
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Pope Francis named Time's Person of the Year |
- Uruguay becomes first country to legalize marijuana trade
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls