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.
What's included
This report contains
Table of contents
- Executive summary
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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?
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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