Kansai Electric Power (Kepco) of Japan signed a 22-year deal to buy 1 million tonnes of LNG per annum, starting next year, from the Tangguh project in Indonesia, Kepco said in a statement.
Tangguh started up in 2009 and current LNG production from the project comes from two trains each with a capacity of 3.8 mtpa/700 mmscfd.
BP, the operator of the project, plans to boost Tangguh LNG’s capacity by 3.8 million tons per annum and expects to approve the expansion next year.
BP holds a 37.16 percent stake in the LNG project, along with MI Berau BV with 16.3 percent, CNOOC Muturi Ltd. with 13.9 percent, Nippon Oil Exploration (Berau) Ltd. with 12.23 percent, KG Berau/KG Wiriagar with 10 percent, Indonesia Natural Gas Resources Muturi Inc. with 7.35 percent and Talisman Wiriagar Overseas Ltd. with a 3.06 percent stake.
[mappress] LNG World News Staff, December 18, 2013; Image: BP