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
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
