bp: green light for gas project in Indonesia
(CercleFinance.com) - UK energy giant bp, on behalf of the Tangguh Production Sharing Contract partners, announces the final investment decision on the Tangguh UCC project in Indonesia's West Papua region.
This $7bn project has the potential to unlock around 3 trillion cubic feet of additional gas resources in Indonesia to help meet Asia's growing energy demand, it explains.
It includes Indonesia's first large-scale enhanced gas recovery through carbon capture, utilization and storage (CCUS), aiming to sequester around 15 million tonnes of CO2 in its initial phase and potentially more.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
This $7bn project has the potential to unlock around 3 trillion cubic feet of additional gas resources in Indonesia to help meet Asia's growing energy demand, it explains.
It includes Indonesia's first large-scale enhanced gas recovery through carbon capture, utilization and storage (CCUS), aiming to sequester around 15 million tonnes of CO2 in its initial phase and potentially more.
Copyright (c) 2024 CercleFinance.com. All rights reserved.