BP and Tangguh partners seal China LNG deal

摘要

BP and its partners in Indonesia's Tangguh natural gas project have signed an agreeemnt to supply liquefied natural gas (LNG) to China's Fujian LNG terminal. The 25-year contract to supply up to 2.6 million tonnes of LNG a year to Fujian was signed in Jakarta by the China National Offshore Oil Corporation (CNOOC) and Tangguh, of which BP is a 50% production sharing contractor. Construction of the Fujian terminal is to start in 2004 and operations are scheduled to begin by 2007.