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Tanzania wraps up negotiations for $40 billion LNG project with group led by Shell, Equinor, ExxonMobil

The consortium, led by Equinor, Shell and ExxonMobil, 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.

Jared kuehlSamia suluhu hassanCharles sangweniVladimir putinPavilion energyPresident samia suluhu hassanVice presidentTanzania chairHost government agreementProduction sharing agreementRussian president vladimir putin

Tanzania wraps up negotiations for $40 billion LNG project with group lead by Shell, Equinor, ExxonMobil

The consortium, led by Equinor, Shell and ExxonMobil, 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.

Vladimir putinJared kuehlSamia suluhu hassanCharles sangweniPavilion energyPresident samia suluhu hassanVice presidentTanzania chairHost government agreementProduction sharing agreementRussian president vladimir putin

Tanzania Wraps Up $40B LNG Project Talks

Tanzania has wrapped up negotiations with an international energy consortium for a long-delayed $40 billion liquefied natural gas export project.

Vladimir putinJared kuehlSamia suluhu hassanCharles sangweniExxon mobilPavilion energyPresident samia suluhu hassanVice presidentTanzania chairHost government agreementProduction sharing agreementRussian president vladimir putinOil and gas petroleum news events stories articles analysis commentary headlines stocks finance commodities maps pictures

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