Tanzania nears deal for 42-billion-dollar gas project
By the AFREEQUE newsroom, based on Mercado
Tanzania is close to finalising a 42-billion-dollar deal to develop a liquefied natural gas project led by Equinor and Shell. Negotiations are in their final phase and the project is set to develop 47.13 trillion cubic feet of reserves, Reuters reported, according to Mercado.
Tanzania is close to concluding negotiations for a liquefied natural gas (LNG) project valued at 42 billion dollars, led by Equinor and Shell. Tanzanian Finance Minister Khamis Mussa Omar said discussions had entered their final phase, according to Reuters.
The project is intended to develop estimated reserves of 47.13 trillion cubic feet of natural gas. ExxonMobil, Pavilion Energy, Medco Energi and the Tanzania Petroleum Development Corporation, Tanzania’s state oil company, are also participating in the venture, according to Reuters.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
