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2023-03-21

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@StickyRice：
Shell, Equinor in breakthrough to unlock $30B Tanzania LNG project Tanzania's energy ministry said it has made a major breakthrough with Shell $SHELL PLC SPON ADS EACH REPR 2 ORD SHS(SHEL)$ and Equinor $Equinor ASA(EQNR)$ on negotiations for the construction of a $30B liquefied natural gas terminal. Minister of Energy January Makamba said talks with Shell (SHEL), Equinor (EQNR) and their partners, which include Exxon Mobil (NYSE:XOM), have been completed on the contractual terms of a critical host government agreement that will underpin the project. The massive project aims to pipe 40T cf of gas held in deepwater blocks 1, 2 and 4 to a 10M metric tons/year LNG plant in Tanzania's Lindi region. Shell (SHEL) operates Tanzania's Block 1 and Block 4, which hold 16T cf in estimated recoverable gas, while Equinor (EQNR) operates Block 2, in which Exxon (XOM) holds a stake and which is estimated to hold more than 20T cf of gas.
Shell, Equinor in breakthrough to unlock $30B Tanzania LNG project Tanzania's energy ministry said it has made a major breakthrough with Shell $SHELL PLC SPON ADS EACH REPR 2 ORD SHS(SHEL)$ and Equinor $Equinor ASA(EQNR)$ on negotiations for the construction of a $30B liquefied natural gas terminal. Minister of Energy January Makamba said talks with Shell (SHEL), Equinor (EQNR) and their partners, which include Exxon Mobil (NYSE:XOM), have been completed on the contractual terms of a critical host government agreement that will underpin the project. The massive project aims to pipe 40T cf of gas held in deepwater blocks 1, 2 and 4 to a 10M metric tons/year LNG plant in Tanzania's Lindi region. Shell (SHEL) operates Tanzania's Block 1 and Block 4, which hold 16T cf in estimated recoverable gas, while Equinor (EQNR) operates Block 2, in which Exxon (XOM) holds a stake and which is estimated to hold more than 20T cf of gas.

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