Tanzania's LNG plans remain stalled
A decision to split the energy and minerals ministry in two may be intended to dispel uncertainty over future liquefied natural gas export plans, but more than that will be needed
Since a draft agreement with international oil companies designed to kickstart Tanzania's LNG export industry with some $30bn of investment was drawn up earlier this year, little has happened. A number of government declarations and measures that had already unsettled foreign investors culminated in the submission of three bills to parliament in June. They gave the government power to force natural resources companies to renegotiate their contracts. The move was part of a clampdown by President John Magufuli on foreign companies in the mining sector, which he said were taking too much money out of the country. He had previously sacked Sospeter Muhongo, the minister in charge of minerals and
Also in this section
5 May 2025
The country is seeing a notable increase in petroleum product retail outlets, with private operators gaining market share
2 May 2025
Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
2 May 2025
Peru’s state-owned hydrocarbons agency has launched the search for new investors for Offshore Block Z-69, a high-potential asset in the prolific Talara Basin.
2 May 2025
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
