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Sunday, April 23, 2017
Tanzania is moving a step forward in its bid to become an LNG exporter. According to reports, the draft agreement between the government of Tanzania and companies involved in the development of the massive natural gas resources discovered off its coast, the Shell (BG)/Ophir Energy and ExxonMobil/Statoil partnerships, is ready.
Ministry of Energy and Minerals Acting Permanent Secretary, Prof James Mdole told the Tanzania Daily News that the document has been submitted to the energy minister, Prof Sospeter Muhongo, for review and additional input.
Muhongo said the government will involve private experts in the oil and gas industry, before meeting international oil companies planning to invest in the construction of the plant. “We must beat Mozambique to secure markets in Japan and South Korea,” Prof Muhongo said at a workers meeting held through teleconference in Dodoma, Mwanza and Dar es Salaam, last week.
According to the Minister, the export terminal planned for Lindi region will be worthless should Mozambique’s LNG come first as export contracts take between 15 to 20 years. Tanzania will need to get to work lining up buyers as Anadarko Petroleum, one of the companies involved in developing Mozambique’s LNG export scheme has been busy securing commitments from buyers.
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