BP bags approval for $2bn Tangguh LNG expansion project

Indonesian upstream regulator SKK Migas has approved BP’s $2.04 billion plan to develop new gas fields in West Papua that will supply its Tangguh liquefied natural gas (LNG) export project. However, the UK supermajor will likely need Indonesia to finalise regulations around carbon capture, utilisation and storage (CCUS) before any expansion can take place.

SKK Migas last week confirmed that it has approved the Enhanced Gas Recovery (EGR) Plan of Development (PoD) for the Ubadari and Vorwata fields within the BP-operated Barau, Muturi and Wiriagar production-sharing contracts (PSCs) in West Papua.