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BP sanctions Tangguh LNG expansion in Indonesia


BP sanctions Tangguh LNG expansion in Indonesia

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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This report includes 2 file(s)

  • BP sanctions Tangguh LNG expansion in Indonesia PDF - 283.05 KB 4 Pages, 0 Tables, 3 Figures
  • Insight data.xls XLS - 156.00 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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  • Executive summary
  • Tangguh LNG Train 3: one of the lowest cost LNG projects in the last decade
    • LNG projects average capex/tonne by year of FID
  • Domestic demand to the rescue
  • Future trains at even cheaper prices?

In this report there are 3 tables or charts, including:

  • Executive summary
  • Tangguh LNG Train 3: one of the lowest cost LNG projects in the last decade
    • BP sanctions Tangguh LNG expansion in Indonesia: Image 1
  • Domestic demand to the rescue
    • Indonesia LNG demand and purchase cost
    • Reserves at Tangguh and Genting's Kasuri PSCs
  • Future trains at even cheaper prices?
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