31 May 2007

Papua's Tangguh LNG plant on track for 2008 opening

10:06 am on 31 May 2007

Papua's Tangguh liquefied natural gas plant that has reserves of more than 14 trillion cubic feet of LNG, is entering the final phase of construction and is on track for operations to commence in late 2008.

The Jakarta Post reports construction of the plant, to be operated by a consortium led by BP Indonesia, was over 70-percent complete already.

It also said drilling operations were scheduled to commence in late May.

BP Indonesia president director, John Minge, said the company would start drilling the first of 15 planned wells, to be completed within the next 18 months in early June.

He also said the company was in discussions with a group of investors to complete the building of the complex.