Shell and Equinor back Tanzania’s LNG ambitions
Pre-agreement signals hope for the country’s stalled liquefaction plans
Shell and Norway’s Equinor have signed a framework agreement with the Tanzanian government for an LNG export project. But other stakeholders have yet to sign, and some significant hurdles remain. The signing of the letter of understanding was “an early milestone towards progressing the LNG opportunity in Tanzania”, Equinor and Shell tell Petroleum Economist. The letter establishes some of the “foundational elements and principles” for the host government agreement (HGA), Equinor confirms. The HGA is an essential part of progressing the Tanzanian LNG project, as will establish the fiscal, legal and commercial terms for the onshore parts of the development, just as the production-sharing agree

Also in this section
6 December 2023
The threat of a big disruption to energy trade in the Middle East appears to be receding, but the fog of war is casting doubt on projects in the region
5 December 2023
Scepticism, confusion and disdain over OPEC+’s extended and deeper supply cuts should give way to an appreciation of the new multi-speed producer alliance
5 December 2023
Low debts levels and the advantages of larger companies among the reasons for the rise in activity