November 11, 2022 14:04 GMT
Equinor, Shell To Sign Tanzania LNG Project Next Month
Tanzania, Shell and Equinor will sign key agreements for a planned LNG export project next month, according to the nation’s Energy Minister January Makamba.
- “In December, we will conclude the conversation. We are in the fiscal package discussions now”, January Makamba said in an interview during Cop 27 according to Bloomberg.
- Shell and Equinor previously said they are interested in the project because Tanzania is a strategic location for them to import LNG from.
- The project, delayed by years of prolonged negotiations, has gained urgency as European countries look for LNG projects that can be long-term replacements for energy supplies from Russia.
- The FID is expected could be reached by 2025, targeting exports to start before 2030.