The Asian Development Bank (ADB) has signed a $400 million loan to finance the expansion of the 7.6 million tonnes per annum (mtpa) Tangguh liquefied natural gas (LNG) plant in Indonesia. The Tangguh LNG plant was commissioned in 2009 and consists of two liquefaction trains of 3.8 mtpa each. BP is the operator of the liquefaction plant with a 40.22 per cent stake, in partnership with various other partners. In June 2016, the partners made a final investment decision on an $8 billion expansion, adding a third 3.8 mtpa train on the site by 2020. The expansion project is expected to increase government revenues while helping Indonesia to meet its growing energy demand and energy security goals.
