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Friday, January 10, 2014
Aminex plc reported some good news in conjunction with its discussions with Tanzanian authorities in regards to a Gas Sales Agreement (GSA) for the Kiliwani North Gas Field.
According to Aminex the GSA with TPDC is largely completed and should be ready for signature shortly, with first commercial gas due to be delivered into a new fully financed 36” regional pipeline system in early-2015.
TPDC has requested a final meeting, expected to take place shortly, prior to completing this agreement.
Aminex Chief Executive Officer, Jay Bhattacherjee commented: “Following the management’s successful trip to Tanzania in December 2013, the Gas Sales Agreement is largely completed and will be executed once TPDC gives its final approval. With this process nearing its close, first production on the horizon and high impact nature of the Company’s appraisal portfolio in Tanzania, the management team is excited about the prospects for Aminex in 2014 as it seeks to drive forward value for shareholders.”
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