BP Strikes $12.1 Billion Tangguh LNG Expansion Deal With

BP Strikes $12.1 Billion Tangguh LNG Expansion Deal With Indonesian
Government, an Industrial Info News Alert 
JOHANNESBURG, SOUTH AFRICA -- (Marketwire) -- 11/09/12 --  Written by
Richard Finlayson, Senior International Editor for Industrial Info
Resources (Sugar Land, Texas) -- The United Kingdom and Indonesia
have agreed on a $12.1 billion deal that will allow the oil and gas
major BP plc (NYSE:BP) (London, England) to expand its operations in
Indonesia's liquefied natural gas (LNG) market. The deal was
announced after a meeting between U.K. Prime Minister David Cameron
and Indonesia's Susilo Bambang Yudhoyono. The announcement indicates
that Indonesia's Ministry of Energy and oil and gas executive agency
BPMigas have approved, in principle, the expansion plans drawn up for
the BP-operated Tangguh LNG project, which is in Papua Barat
province, in eastern Indonesia. 
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Joe Govreau