Tanzania Says $42 Billion LNG Deal Delayed On Local Content Use

Tanzania’s Deputy Prime Minister Doto Biteko said the government wants to agree the terms of a long-delayed $42 billion liquefied natural gas facility with international oil companies by October.

Negotiators for a consortium comprising Shell Plc, Equinor ASA and Exxon Mobil Corp. and the government were haggling over “a few outstanding issues” such as the authority’s demand that at least 3% of the gas from the LNG project be reserved for domestic utilization, Biteko told lawmakers late on Tuesday.