Tanzania Wraps Up $40 Billion LNG Project Talks; Key Deals Soon
- Main agreement subject to Cabinet, Parliament Approval
- Tanzania to deploy army to guard $40 billion project
Samia Suluhu Hassan
Photographer: Neema Irene Ngileme/BloombergThis article is for subscribers only.
Tanzania has wrapped up negotiations with an international energy consortium for a long-delayed $40 billion liquefied natural gas export project, paving the way for final agreements to be signed in the coming weeks.
The consortium, led by Equinor, Shell and Exxon Mobil, wants to develop an onshore LNG plant south of Tanzania, close to huge offshore gas fields, but project talks had stalled for more than a year before resuming in 2021, when President Samia Suluhu Hassan took office.