• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 9 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 8 hours How Far Have We Really Gotten With Alternative Energy
  • 9 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 3 days Bankruptcy in the Industry
  • 3 days The United States produced more crude oil than any nation, at any time.
Europe Moves Forward with Major Hydrogen Projects

Europe Moves Forward with Major Hydrogen Projects

Large-scale hydrogen production schemes are…

BP Indonesia LNG Plant Shuts Down

A 3.8-million-ton liquefaction train at BP’s Tangguh LNG plant in Indonesia has been shut down for a week now due to technical problems.

This is according to Upstream, which cited local media as saying the liquefaction train at the 11.4-million-ton facility had been shut down for a week now. This has not yet had an impact on global prices but if the shutdown extends, it will affect Indonesia’s exports.

The train, which is the newest one at the Tangguh facility, entered into operation last year and loaded its first cargo in October 2023. The start was delayed by several years because of the pandemic lockdowns. The original Tangguh lNG plant started operations in 2009.

The LNG produced at the facility is delivered to Indonesia’s state-owned power generation company PLN. Tangguh is the largest producing LNG project in the country.

Indonesia is one of the largest LNG producers in the world, with 2023 export volumes topping 16.2 million tons. It also has expansion plans for its LNG industry. Earlier this year, the Indonesian government approved a plan by Japan’s INPEX for the development of a long-delayed LNG project in eastern Indonesia.

Separately, a new offshore gas discovery in the country sparked hopes for a shelved project that could have 12.5 million tons annually in capacity if it gets the green light from its investors.

Shell recently said in its LNG Outlook that demand for liquefied gas could surge by over 50% by 2040c, citing an accelerating shift from coal to gas in Asia and increased use of gas for powering local economies.

China will lead the demand growth trend, the company said, but Asia as a whole will also be a major driver. This makes BP and others operating LNG capacity in Indonesia well-placed to take advantage of the forecast demand growth


By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News