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tangguh

Asia

BP cheers Indonesia first at Tangguh LNG

BP (LON: BP) today signed a memorandum of understanding (MoU) with upstream regulator SKK Migas for Indonesia’s first enhanced gas recovery (EGR) and carbon capture utilisation and storage (CCUS) development. The EGR and CCUS scheme will be implemented at BP’s Tangguh liquefied natural gas (LNG) project.

Asia

Carbon capture and the future of LNG in Asia

Carbon capture and storage (CCS) will play an important role in decarbonising liquefied natural gas (LNG), but the pace of progress remains too slow, writes Gavin Thompson, Asia Pacific vice chair, Wood Mackenzie.

Asia

Indonesia approves BP’s CCS scheme for Tangguh LNG

BP and its Tangguh LNG partners today confirmed that Indonesian oil and gas regulator SKK Migas has approved the plan of development (POD) for a key carbon capture utilisation and storage (CCUS) project at the Tangguh LNG export complex. Significantly, BP claims this will make Tangguh "one of the lowest greenhouse gas (GHG) intensity liquefied natural gas (LNG) plants in the world."

Asia

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.

Asia

CCS is crucial for BP and Repsol investments in Indonesia

Proposed new regulations signal that the Indonesian government appears to have recognised the importance of supporting carbon capture and storage (CCS) schemes. Such regulations will be crucial to encourage major companies, such as BP and Repsol, to invest in significant new upstream production in Indonesia.