Tangguh LNG first cargo

The first LNG cargo from Tangguh, Papua, has been shipped to Posco's LNG terminal in Gwangyang, South Korea. 

BP, operator of Tangguh LNG, said in a press release this morning that the first shipment marks the commercial operation of the first train of Tangguh LNG with installed capacity of 3.8 million tons per year. The second train is scheduled for commercial operation this quarter.

Tangguh LNG is built with US$5 billion investment, sourced its natural gas supply from six gas fields in three production sharing contracts (PSCs): Wiriagar, Berau, and Muturi. The gas is transported through 22-km pipeline to the LNG plants.

BP is the owner of 37.16% shares in the project. Other partners are MI Berau BV (16.3%), CNOOC Ltd (13.9%), Nppon Oil Exploration (Berau) Ltd (12.23%), KG Berau/KG Wiriagar (10%), LNG Japan Corporation (7.35%), and Talisman (3.06%). 

Tangguh has a long-term contract to supply 2.6 million tons of LNG to LNG Fujian, China, 1.15 million tons to K-Power and Posco, South Korea, plus a flexible contract to supply up to 3.7 million tons per year to Sempra LNG in Baja California, Mexico. 

KBR, JGC Corporation, and PT Pertafeniki are the main contractors for onshore LNG facilities, while Saipem for offshore and undersea construction.

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