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Tanzania to Sign Key $40 Billion LNG-Project Accords Next Month

  • Government, companies to sign accords on rules, fiscal split
  • Equinor, Shell, ExxonMobil, Pavilion Energy part of project
January Makamba

January Makamba

Photographer: F. Carter Smith/Bloomberg

Tanzania will sign key agreements with oil majors including Equinor ASA and Shell Plc next month to pave the way for a planned $40 billion liquefied natural gas export project, according to the nation’s Energy Minister January Makamba.

“It’s happening,” January Makamba said in an interview in Sharm el-Sheikh, Egypt, where he is attending the COP27 international climate summit. “In December, we will conclude the conversation. We are in the fiscal package discussions now.”