Shell and Equinor will begin engineering work on their $42 billion Tanzania LNG project after signing key agreements.
Following the deals, the two European manors will kick off engineering work on a project that will produce about 10 million-15 million tonne per annum LNG plant on the coast at Lindi.
“Equinor, Shell, their partners, together with the Tanzanian government have now concluded negotiations on important agreements that will help progress the Tanzania LNG project towards an investable and globally competitive opportunity,” Equinor said in a statement.
First production from the Lindi LNG plant is expected around 2030.