(Energy Analytics Institute, 22.Nov.2024) — The joint venture (JV) partners of the Tangguh LNG Project led by bp, the project operator, have reached a Final Investment Decision (FID) on the Tangguh Ubadari, CCUS, Compression (UCC) Project, a $7bn initiative.
Tangguh LNG will have a LNG production capacity of 11.4 million tonnes per annum (mtpa), Mitsubishi Corporation said 22 Nov. 2024 in an official statement.
The LNG project is located in Bintuni Bay in Indonesia’s Papua Barat Province and is expected to begin operation and production in stages from 2028.
The LNG project features Indonesia’s first at-scale EGR through CCUS, which will contribute to the deployment of CCUS technology in the Asian country.
The LNG project is operated by a consortium under a production-sharing contract (PSC) with SKK Migas, Indonesia’s upstream oil and gas regulator. The JV partners in Tangguh LNG are as follows:
Unlocking the Ubadari Gas Field
Tangguh LNG aims to unlock an additional 3 trillion cubic feet (Tcf) of natural gas in production volume to play a vital role in the stable energy supply to Asian countries including Japan in the energy transition era, Mitsubishi said in the statement.
Key to this vision is development of the Ubadari Gas Field, enhanced gas recovery (EGR) through carbon capture, utilization, and storage (CCUS), and onshore compressors.
The technology will reduce greenhouse gas (GHG) emissions by capturing, utilizing and storing CO2 emissions. The captured CO2 will be used for EGR at the existing gas field, according to Mitsubishi.
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By Pietro D. Pitts, guest contributor. © Energy Analytics Institute (EAI). All Rights Reserved.
