BP to go ahead with $8 billion Indonesia LNG project expansion

By Osamu Tsukimori and Wilda Asmarini TOKYO/JAKARTA (Reuters) - BP gained final investment approval to an $8 billion (6.01 billion pound) expansion of the Tangguh liquefied natural gas (LNG) project in Indonesia on Friday, clearing the way for a third train to start operations in 2020. BP is going forward with expansion of Tangguh despite announcing it would rein back on spending this year due to weak oil prices. The investment will boost annual LNG production capacity at the Tangguh project in