Construction of an LNG export terminal near huge offshore natural gas discoveries in Tanzania’s deepwater arena have been delayed by regulatory issues for a few years.
“The government has officially decided to begin talks in early April for construction of the LNG project,” Tanzania’s energy ministry said in a statement. “We are keen to implement this key project for the economy and we plan to … conclude the talks in September this year.”
The talks are aimed at negotiating a host government agreement, which is seen as a crucial step towards reaching a FID for the project.
The decision to push talks forward was reached following a meeting on March 22 between the African country’s energy minister, Medard Kalemani, and Mette Ottøy, a senior VP at Equinor.
Equinor, alongside Royal Dutch Shell, Exxon Mobil and Ophir Energy, plan to build a $30 billion onshore LNG plant.