UK supermajor BP has ambitious plans to invest up to $4 billion to further expand its Tangguh liquefied natural gas project in Indonesia with the development of its Ubadari gas field and the implementation of a carbon capture, utilisation and storage (CCUS) scheme.
The move would not only help both the operator and Indonesia reduce their greenhouse gas emissions but could also make Tangguh's LNG more attractive to customers that are seeking so-called "green" cargoes.
