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Jakarta Post

BP to sell 40% of third LNG train’s output to PLN

  • The Jakarta Post

Jakarta   /   Fri, September 7 2012   /  09:55 am

Global oil and gas giant BP will provide a long-term supply of liquefied natural gas (LNG) to state electricity company PT PLN from a planned third LNG train at its Tangguh LNG plant in Teluk Bintuni, West Papua.

BP Asia-Pacific regional president William Lin told The Jakarta Post on Thursday that the UK-based energy company had executed a memorandum of understanding on the deal with PLN in May.

BP, the Energy and Mineral Resources Ministry’s oil and gas directorate and upstream oil and
gas regulator BPMigas agreed that up to 40 percent of the LNG from the third train would be allocated for the domestic market, Lin said in an email on Thursday.

The agreement also stipulates that BP and its partners will sell 4 megawatts (MW) of electricity from the Tangguh plant to PLN to be distributed to local communities starting in January, which will be increased to 8 MW i...