
Tanzania finalized the definition of the resource potential for the first LNG project in the country
The Ministry of Energy of Tanzania announced the finish of negotiations with Equinor and Shell about building the first liquified natural gas (LNG) terminal in the country with USD 30 bn budget. The parties finalized the definition of the resource potential of the project: it will be based on blocks 1 and 4 of the continental shelf of Tanzania (with the overall gas reserves making 448 bcm), where the operator is Shell, as well as block 2 of 560 bcm currently developed by Equinor (operator) and ExxonMobil.