Tanzania LNG project finally sees progress

Export terminal agreement brings offshore gas production a step closer

The Tanzanian government reached agreement in late May with Norway’s Equinor, Shell and several other partner companies to press ahead with an offshore gas development that could cost more than $40bn. A host government agreement will be officially signed in the coming weeks, pending final reviews and approvals. The deal will cover key elements of the regulatory framework for an LNG export terminal, as well as provisions around land use and security. Equinor will be joined by Shell in operating the facility, which will receive gas from blocks 1, 2 and 4 off the country’s southern coast. The blocks hold combined total recoverable reserves of 36tn ft³ (1.02tn m³). “It should be smooth sai