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Equinor, Shell To Sign Tanzania LNG Project Next Month

LNG

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.
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