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Wednesday, June 15, 2022
Equinor and Shell have signed a deal with Tanzanian authorities that provides a framework to move toward a final investment decision and the start of construction of a $30 billion liquefied natural gas (LNG) export terminal.
Minister of Energy January Makamba said a final investment decision could come in 2025 as a result of the agreement.
Equinor operates Tanzania’s Block 2, in which Exxon Mobil also holds a stake and which is estimated to hold more than 20 trillion cubic feet (0.6 trillion cubic meters) of gas. Shell operates nearby Block 1 and Block 4, with an estimated 16 trillion cubic feet in recoverable gas.
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