Negotiations with investors for Tanzania’s $42 billion liquefied natural gas (LNG) project have been successfully concluded, a senior government minister has revealed. The agreements, aimed at tapping into the country’s vast offshore gas resources, are now awaiting review and approval next month, according to media reports. Energy Minister January Makamba said that the finalised agreements […]
Tanzania
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Tanzania says LNG megaproject to cost $42 billion
Tanzania says the cost of developing its liquefied natural gas (LNG) project is $42 billion after the recent technical analysis, the East African reported. The country isn planning to sign the host government agreement next month and embark on the front-end engineering design of what will become the largest energy project in eastern and southern […]
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Tanzania to award contracts for $30 billion LNG project
Shell, Equinor and the government of Tanzania have finalised negotiations for the construction of a $30 billion LNG terminal and contract preparation is underway, Tanzania’s energy ministry said. “Minister January Makamba said negotiations on the construction of the LNG project were complete, and now experts are at work drafting contracts,” the energy ministry said on […]
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ENOC to develop storage facility for oil and gas products
ENOC Group and Tanzania’s Ministry of Energy signed today a Memorandum of Understanding (MoU) to develop a national import gateway and world-class storage facility for oil and gas products to serve the country as well as the Eastern and Central Africa region, ENOC announced in a press release. The partnership is in line with the […]
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Tanzania to open 4th deep offshore round in April
Bidding round includes 13 blocks between 1,200-3,000 metres in depth