BP to Supply LNG to Indonesia Long Term

Press Release
Monday, May 28, 2012

BP signs MoU with PLN (Indonesia's State Electricity Company)to provide long-term gas supply for domestic needs

On behalf of the Tangguh PSC partners, BP yesterday signed a Memorandum of Understanding (MoU) to provide long-term LNG supply to Indonesia’s state electricity company, PT. PLN (Persero), for domestic Indonesian needs and also to support PLN in providing electricity for Teluk Bintuni Regency, Papua Barat province. The MoU was signed as part of an expansion plan for the Tangguh LNG project in Papua Barat province, Indonesia.

The MoU outlines BP’s commitment to work in partnership with PLN to reach an agreement for the supply of LNG for domestic power plant usage, as well as the supply of electricity to meet the demand of local communities and small and medium-sized enterprises in Teluk Bintuni Regency and surrounding areas.

Group Chief Executive Bob Dudley.
"We are pleased that the Government of Indonesia is working closely with us as we progress plans for the further development of Tangguh and, together with the partners in the Tangguh project, recognises the importance of providing LNG to both domestic and international markets," Bob Dudley said at the signing ceremony. "Tangguh is a significant asset for BP that helps underpin our significant gas value chain business across the Asia Pacific region."

 BP has over 35 years experience in Indonesia and is one of the largest foreign investors in the country. Activities are dominated by its exploration and production business, notably the Tangguh LNG operations in Papua Barat province, which began operations in mid-2009.

 



Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

US Issues Potential Setback to Shell's Arctic Drilling

The Obama administration issued a potential setback to Royal Dutch Shell's  Arctic oil exploration plans on Tuesday, telling the company that established wildlife

Ex-BP Engineer Deserves New Gulf Spill Trial -US Appeals Court

A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday.

Teekay Sells FPSO, Announces Dividend Boost

Teekay Corporation to complete sale of the Knarr FPSO and announces dividend increase of 75 percent   Teekay Corporation announced today that its board of directors

Energy

Ex-BP Engineer Deserves New Gulf Spill Trial -US Appeals Court

A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday.

Teekay Sells FPSO, Announces Dividend Boost

Teekay Corporation to complete sale of the Knarr FPSO and announces dividend increase of 75 percent   Teekay Corporation announced today that its board of directors

Pirates and Hold-ups: Crime Strikes Venezuela's Oil Industry

When night falls over western Venezuela, armed gangs known as "pirates" sometimes ride boats into muggy Lake Maracaibo to steal equipment from oil wells.   In the country's Paraguana peninsula,

LNG

Tanker Converted to LNG-electric Propulsion

Bergen Tankers’ 95-meter-long chemical and product tanker Bergen Viking has returned to service following its conversion from diesel-electric to liquefied natural gas (LNG)-electric propulsion.

Cheniere’s Maiden LNG Spot Deal At $7.20/MMBtu

Cheniere concluded its maiden LNG spot trade earlier this week at for late-July delivery to an Asian buyer, reports Platts quoting a source with direct knowledge of the deal.

Panama Canal Plans LNG Terminal

The Panama Canal Authority (ACP), which administers the canal, is looking at building a Liquefied Natural Gas (LNG) import terminal near the Canal.   The ACP

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Port Authority Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1370 sec (7 req/sec)