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.


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