Tanzania LNG Project Cost Increases to $42B

LNG

Developed by energy majors Shell and Equinor, the Tanzania LNG project comprises the development of a large-scale LNG terminal which will process gas from the Shell-operated Blocks 1 and 4 and the Equinor-operated Block 2, expected to hold up to 16 trillion cubic feet (tcf) and 20 tcf of gas, respectively.

The announcement follows the Government of Tanzania finalizing negotiations for the development of the project with Shell and Equinor in March 2023.

Currently, contracts are being drawn for the Host Government Agreement while the Tanzanian Government is preparing for the launch of a licensing round comprising 26 exploration blocks to expand energy production in the country.

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Onur Yilmaz

Onur Yilmaz

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