Liquify

BP Indonesia, Sempra Ink LNG Supply Deal for North Baja Terminal

The future of a major Indonesia to Mexico export-import project to liquify, transport and regasify natural gas for the West Coast of North America seemed assured Tuesday with the signing by Sempra and BP affiliates of a 20-year agreement for gas from the proposed BP Tangguh LNG Project in Indonesia to supply about half of the 1 Bcf/d going into the jointly owned Sempra-Royal Dutch Shell receiving terminal at Costa Azul, Mexico. The project has the blessings of the governments of the United States, Mexico and Indonesia. Shell will be supplying the other half of the gas.

October 13, 2004