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Monday, May 11, 2015
The site for Tanzania’s planned LNG plant is expected to be finalized in the next fiscal year as the government plans to spend 12 billion shillings to secure the land for the project. “The government has set aside 12 billion shillings in 2015/16 for assessment and compensation of 450 people … where the (LNG) terminal will be built,” the government’s planning commission said in a report according to a Reuters report.
Tanzania’s fiscal year 2015/2016 begins July 1. The partners have been awaiting a decision by government for the site so they could move forward with planning; it is widely believed the government was dragging its feet so as not to arouse political discord by the local inhabitants before the upcoming elections.
The planned LNG plant will be located in the southern town of Lindi, onshore near where the BG/Ophir and Statoil/ExxonMobil partnerships have discovered significant natural gas reserves.
A FID is expected in 2016, with the plant operational in 2020.
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