- Tangguh gas field
The Tangguh gas field lies in
Bintuni Bay inside the province ofWest Papua ,Indonesia . Thenatural gas field contains over 500 billion m³ (17 Tcf) of provennatural gas reserves, with estimates of potential reserves reaching over 800 billion m³ (28 Tcf).The Tangguh field is developed by a consortium of international companies, led by
BP (37% stake),CNOOC (17%), andMitsubishi Corporation (16.3%). Smaller partners include the Japanese companiesNippon Energy ,Kanematsu ,Sumitomo , andNissho Iwai .Natural gas extracted from the field will be liquefied and the resulting
LNG transported to Asian customers, mostly inChina ,South Korea ,Japan . Production is estimated to commence in the second half of 2008. The project is expected to allow Indonesia to keep a significant share of world LNG market, compensating the progressive phase-out of the Arun terminal in Sumatra, whose reserves are largely depleted.External links
[http://www.bp.com/sectiongenericarticle.do?categoryId=9004779&contentId=7008759 BP Indonesia - Tangguh LNG Project website]
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