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Fuelling Tanzania's Future: Equinor and Shell Seal Mega LNG Project Deal
Fuelling Tanzania's Future: Equinor and Shell Seal Mega LNG Project Deal

Fuelling Tanzania's Future: Equinor and Shell Seal Mega LNG Project Deal

  • 22-May-2023 6:50 PM
  • Journalist: Timothy Greene

Tanzania: Equinor, Shell and Exxon Mobil reach agreement with Tanzania for mega LNG export facility. The move is a major milestone in exploiting the country's abundant offshore gas resources.

Multi-billion-dollar investment expected for Tanzania’s mega LNG export facility as energy companies conclude talks. Equinor highlights production-sharing agreement and regulatory framework as key components of the agreement, subject to legal reviews and quality assurance.

Parties to sign final deal in coming weeks for Tanzania’s mega LNG export facility. Equinor expresses optimism and looks forward to working with Tanzania to achieve future milestones and move project towards final investment decision.

Agreement signing to mark a momentous milestone for Tanzania’s mega LNG export facility, credits Tanzanian government for hard work and dedication throughout the process.

Crucial negotiations with Tanzanian government conclude, paving the way for signing of HGA and PSA in the coming weeks, pending successful assurance process.

Equinor and shell strike gold with over 20 trillion cubic feet of gas discovered in Tanzania’s offshore block 2; Shell also manages total estimated recoverable gas reserves of 16 trillion cubic feet in blocks 1 and 4. Mega LNG export facility planned for the country's southeast Lindi region expected to have a capacity of at least.

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