Indonesia OKs BP's Plans For $12B LNG Project Expansion

Law360, New York (November 2, 2012, 2:12 PM EDT) -- Indonesian energy regulators on Thursday signed off on energy giant BP PLC’s plans to expand a $12 billion liquefied natural gas plant it operates in the country, a key development as the company pushes toward a final investment decision expected in 2014.

The approvals came from Indonesia’s Ministry of Energy and Mineral Resources as well as BPMIGAS, the country’s upstream oil and gas, which awarded operation rights of the Tangguh facility to BP.

Under the plans, BP will add a third train that will liquefy and...
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