BP and partners to invest $7bn in Indonesia carbon capture scheme

Project in West Papua will also involve a gas field development

20241122 Tangguh LNG

The Tangguh liquified natural gas facility in Indonesia's West Papua province (Photo from BP Indonesia website)

JAKARTA (Reuters) -- BP and partners said they would invest $7 billion in a carbon capture project and gas field development in Indonesia's easternmost Papua region that could unlock 3 trillion cubic feet of additional gas resources.

The British oil and gas producer announced the investment on Thursday in a meeting with President Prabowo Subianto who is visiting London.

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