Insight

BP sanctions Tangguh LNG expansion in Indonesia

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Report summary

BP’s move is counter-cyclical, but its also economically compelling. We forecast that the US$8 billion project will generate a healthy return of 19.6% (under a US$70/bbl long term price assumption). Even under our low price case (long term US$50/bbl), the economics remain robust, with returns of 14%. BP’s decision illustrates that companies are still willing to commit material investment within the LNG sector – but only for the right project, at the right cost and for the right returns.

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  • Document

    Insight data.xls

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    BP sanctions Tangguh LNG expansion in Indonesia

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Table of contents

Tables and charts

This report includes 3 images and tables including:

Images

  • Indonesia LNG demand and purchase cost
  • Reserves at Tangguh and Genting's Kasuri PSCs
  • BP sanctions Tangguh LNG expansion in Indonesia: Image 1

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