Tangguh LNG

Tangguh LNG Project

Borrower (s)
Tangguh LNG
Industry
Oil & gas/Gas - Upstream (Exploration and production)
Area of finance
Project & Infrastructure Finance
Region
Asia Pacific
Countries
Indonesia

Deal Overview

The project is carried out by Mitsubishi Corporation, INPEX CORPORATION, JX Nippon Oil & Gas Exploration Corporation, LNG JAPAN CORPORATION (a joint-subsidiary of Sojitz Corporation and Sumitomo Corporation), MITSUI & CO., LTD., and Japan Oil, Gas and Metals National Corporation (JOGMEC)...

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The project is carried out by Mitsubishi Corporation, INPEX CORPORATION, JX Nippon Oil & Gas Exploration Corporation, LNG JAPAN CORPORATION (a joint-subsidiary of Sojitz Corporation and Sumitomo Corporation), MITSUI & CO., LTD., and Japan Oil, Gas and Metals National Corporation (JOGMEC) (hereafter referred to as the “Japanese sponsors”), as well as overseas sponsors, such as BP p.l.c. The project will conduct additional development and production of  gas fields located in the Berau Bay, West Papua Province, Indonesia, while expanding the existing gas liquefaction facilities (including construction of a third train). The Japanese sponsors have a combined total of about 46% interest in the gas fields, and the Kansai Electric Power Company, Incorporated will offtake 1 million tons per year of the liquefied natural gas (LNG) produced by the project (total production capacity : 3.8 million tons/year).

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Deal Volume
$3.75bn
Financial Close
05 June 2016

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Projects

Tangguh LNG

Greenfield
Oil - Upstream (Exploration and production)
Asia Pacific
Indonesia
$3.75bn