Tanzania LNG Project Could Add $7 Billion to GDP, Study Says
- Final investment decision on $40 billion plant expected 2025
- Standard Bank study also sees domestic gas expansion
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A Tanzanian liquefied natural gas project planned by companies including Equinor ASA and Shell Plc will add at least $7 billion a year to the nation’s GDP, according to a study by Standard Bank Group Ltd.
The East African country expects a final investment decision in 2025 on the $40 billion project, intended chiefly to export its natural gas discoveries, but delayed by years of prolonged negotiations. Its development would take place in a time of increased scrutiny over the use of fossil fuels amid global efforts to mitigate climate change.