LNG

Indonesia has approved the extension of the Tangguh production sharing contract for 20 years to underpin the Tangguh LNG export project involving state companies, UK major BP, Japan’s Inpex and a Chinese stake, including in the Train 3 expansion currently under construction.

The leading Asian LNG exporting nations, Malaysia and Indonesia, are set to see their state-backed energy companies Petronas and Pertamina, removed from US investment bank JPMorgan’s self-appointed policing of what are called Environmental, Social and Governance (ESG) issues.