BP’s LNG Expansion in Tangguh to Target Japanese, Korean Buyers

BP Plc is targeting buyers in Japan and South Korea for planned supplies of liquefied natural gas from its Tangguh plant in Indonesia to benefit from a shortage of regional Asian supplies.

BP may export as much as 60 percent of the LNG from its third production line at Tangguh, according to William Lin, the company’s Asia-Pacific president. It will build on existing contracts that Asian buyers have with Indonesian providers and their strategy of using multiple suppliers, he said.