The Tangguh LNG plant is located at Berau Bintuni Bay, which contains 14.4 trillion cubic feet of proven gas reserves. BP has 50 percent of the reserves.
Chinese state-owned firm CNOOC, which acts as the buyer in the Fujian LNG supply contract, will take a 12.5 percent stake in the gas fields.
The Fujian contract will generate a total of $8.5 billion in sales revenue to the government throughout the contract period of 25 years, while the two trains will generate $21 billion in revenue.
China's Fujian province will buy 2.6 million tons per year from the plant. Philippine energy firm GNPower intends to buy another 1.5 million tons per year.
BP is seeking buyers for the excess capacity in India, Korea, Japan, the West Coast of the U.S and Java.
BP is giving consideration to building a floating LNG deliquefaction (the process of converting LNG to gas) terminal to supply gas to customers in West Java.
PGN has even planned to build a pipeline worth $1.7 billion to supply gas from East Kalimantan to East Java.
After the incident with the shootdown of the Ilyushin Il-20 reconnaissance aircraft over the Mediterranean Sea, Russia will supply an S-300 anti-aircraft missile system to Syria
Indeed, how dare they run US-independent policy? They should have followed the example of the European Union that turned independent states of the Old World into US-ditto entities