Cheniere Energy Inc (LNG)

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BP eyes 119 LNG cargoes a year from Tangguh, Indonesia to 2020
REUTERS 5:50 AM ET 4/4/2018

JAKARTA, April 4 (Reuters) -
* Oil major BP is targeting shipping 119 cargoes of
liquefied natural gas (LNG) from its Tangguh project in
Indonesia'sWest Papua province this year, including 22 for the
domestic market, a company official said on Wednesday.
* BP expects to keep the same balance of shipments for
export and
the domestic market unchanged up to 2020, BP Indonesia country
head Dharmawan Samsu told a parliament hearing.
* After 2020 BP will dedicate roughly one-third of the LNG
output
from Tangguh to the domestic market, or around 60 cargoes, Samsu
said.
* Tangguh's annual output capacity is currently 7.6 million
tonnes
of the super-cooled fuel from two LNG trains.
* An LNG train liquefies natural gas by cooling it to about
minus
160 degrees Celsius, which condenses the gas to about 1/600th of
its volume for transportation by ship.
* The Tangguh project currently has two LNG trains. A third
train
is currently under construction and is expected to be completed
around 2020, Samsu said.
* BP leads the Tangguh project with a 37.16 percent stake.
Its
partners include MI Berau, China National Offshore Oil Co
and a venture between Mitsubishi Corp(MSBHF) and
Inpex(IPXHF)

The table below shows buyers of LNG from BP's Tangguh
project this year.
Buyer (cargoes)
Domestic PLN 20
PGN 2
Export Fujian 42
SK Korea 8
Posco(PKX) 9
Tokoku 6
Sempra 3
Kansai 4
Itochu(ITOCF) 6
ISE 1
Marubeni(MARUF) 6
Origin^ 4
DGI 2
Engie 1
Cheniere 1
Shell 4

Total 119

^ spot sale


(Reporting by Wilda Asmarini; Writing by Fergus Jensen; Editing
by Christian Schmollinger and David Evans)

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