OREANDA-NEWS. Repsol sells its 3.06% stake in the integrated LNG Project called Tangguh LNG located in West Papua (Indonesia), for a consideration of 305.4 million dollars plus usual adjustments for these types of transactions of 7.4 million dollars. The transaction will generate an estimated pre-tax capital gain of 26 million dollars.

The Tangguh LNG project, operated by BP, produces and markets the gas resources in the Berau, Muturi and Wiriagar licence areas under PSC agreements. The LNG plant has two liquefaction trains with a capacity of 3.8 Mtpa each.