Tanzania is about to finalize one of the largest energy deals in African history.
Equinor, ExxonMobil, and Shell are meeting in Dar es Salaam this week for the final round of negotiations on a $42 billion LNG project.
The hard part is already done... Commercial terms agreed and Tax framework settled.
What's left is turning the handshake into legally binding contracts.
Tanzania sits on massive offshore natural gas reserves that have been waiting for development for over a decade.
This project would build the infrastructure to liquefy that gas and export it globally creating one of Africa's largest LNG export hubs.
Right now the world is desperately hunting for LNG supply outside the Gulf(Qatar mainly)
Tanzania is about to enter that market with $42 billion of committed infrastructure and 3 of the most credible operators on earth behind it.
Another node on the new energy map and one that bypasses Hormuz entirely.
No comments :
Post a Comment