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Tanzania hopes to conclude talks for LNG project by June
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Natural Gas World - Latest News
Tanzania hopes to conclude talks for LNG project by June- Tanzania is discussing tax incentives with investors in a stalled project to construct a $42 billion liquefied natural gas plant in the country, Energy Minister Doto Biteko said on Tuesday, adding the talks could be completed by June.
Equinor and Shell are joint operators of the country's mega gas project, while ExxonMobil, Pavilion Energy, Medco Energi and Tanzania's national oil company TPDC are partners.
The project would unlock 47.13 trillion cubic feet of natural gas deposits in the country.
Tanzania also plans to launch an exploration licensing round for 26 oil and gas blocks on March 5, Biteko said.
Together with France's TotalEnergies and China's CNOOC, Uganda and Tanzania are also developing a 1,445-kilometre-long pipeline to transport Ugandan crude oil to Tanzania's Indian Ocean coast.
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