British oil giant BP has targeted the production of 176 liquefied natural gas (LNG) cargoes this year from the Tangguh LNG Plant in Bintuni Bay, West Papua, some 55 cargoes of which are expected to come from Train 3.
Hardi Hanafiah, BP's VP for Indonesia operation & Managing Counsel Asia Pacific, stated that they are currently ramping up production from Trains 1, 2, and 3 of Tangguh after undergoing significant maintenance last year. He told a hearing with Commission VII of the Indonesian House of Representatives (DPR) on Wednesday, March 13, 2024, that they are gradually ramping up production, currently operating at 76 percent, and is expected to reach the full rate of 100 percent soon.
Furthermore, Hardi highlighted that the production capacity for Train 3 has already reached 83 percent, with plans to operate it at full capacity this year to support the targeted LNG production of 176 cargoes. The process of reaching full production rate is being carried out gradually to avoid conflicting with Train 2's full rate.
As previously reported, President Joko “Jokowi” Widodo affirmed Indonesia's possession of the largest LNG development infrastructure located in the Tangguh gas field, Bintuni Bay, West Papua. This announcement was made during the inauguration of the Tangguh Train 3 National Strategic Project (PSN) last November.
The Tangguh Train 3 project, built with an investment of USD 4.83 billion or IDR 72.45 trillion, is set to increase the annual LNG production capacity to 11.4 million tons per year and significantly contribute to supporting the target of producing 12 standard cubic feet of gas per day by 2030.
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