M a r k e t N e w s

Tanzania LNG Project Cost Increases to $42B

Posted on : Wednesday , 28th June 2023

Tanzania has revised the cost of its Liquefied Natural Gas (LNG) project upwards, estimating the total cost of the large-scale project to be USD 42 billion.

 

Initially projected at USD 30 billion, Felchesmi Jossen Mramb, Permanent Secretary in Tanzania’s Ministry of Energy explained that, “The recent technical analysis shows that offshore drilling and piping will push the project to $42 billion,” making the development the largest energy project in Southern and Eastern Africa.

 

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.

 

Source : www.abafnz.com
Featured Companies
  • GULF WELL SOLUTIONS
  • SKYTRADE GLOBAL ENTERPRISES LTD
  • /
  • MAVI DENIZ CEVRE HIZ A.S
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • Save your power bill by instaling servo voltage stabilizer.
  • Industrial  machinery
  • We have been at the forefront of plate heat exchanger technology.
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • Manufacturer refrigerated-type air dryer, desiccant air dryer and compressed air in-line filter.
  • Manufacturer of heavy duty machinery
  • South African incinerator and cremator designer and manufacturer making significant inroads into overseas markets.
  • Global Air Freight Solutions for Oil & Gas Shipments.
  • FAS Fl�ssiggas-Anlagen GmbH, Salzgitter, is one of the leading manufacturers and suppliers of LPG fittings and components for complete stations for the storage
  • Pumping solutions, a technological potential.
  • VEGA Grieshaber KG is a world-leading supplier of level, switching and pressure instrumentation.
  • Leading manufactures and expoters of the electronic products
  • Automatic brick manufacturing machines
  • A world leading name in Heat Transfer Technology
  • Vrushabh is one of the leading manufacturer and distributor of Conveyor Belts, Transmission Belts, Elevator Belts, PVC Belts.
  • Air Conditioning Hire
  • Ducorr is engaged in the engineering, manufacture & deployment of cathodic protection systems and products.
  • Manufacturer & Trader of coil winding machines, toroidal coil winding machines, wire bunching machines, complete winding solution
  • All type conveyor belts for internal & external location tapis roulant de tout genre pous deplacement a l
  • Chemicals,Environmental & Sewage,Treatment Laborotory;Equipments Analytical Equipments & Instraments;etc.
  • Sonmez Makina Ltd. is a manufacturer and exporter company for filling systems of domestic use LPG cylinders.
  • Specialty and Custom Chemicals Exhibition
  • Pumps for dewatering, ground water control, sludge and slurry handling.
  • Fuel Metering System
  • Catering for the most varied industrial storage requirements.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade