Tanzania playing catch up on LNG project
The NOC wants to get a stalled LNG project moving, but doubts remain over the operating environment
Tanzania's announcement that it is seeking to hire consultants to reinvigorate stalled negotiations on a proposed liquefied natural gas development will likely be welcomed by the industry. But problems elsewhere in the oil and gas sector suggest that relations between government and producers remain strained. State-controlled Tanzania Petroleum Development Corporation (TPDC) said in April that it had invited bids from consultants to help it devise a commercial, legal and technical framework for the LNG project, which could require around $30bn of investment. Since 2016, Shell—through its acquisition of BG—in partnership with Exxon Mobil, Ophir Energy and Statoil, have been seeking governme
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields