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The Tanzanian Ministry of Energy said on Tuesday that it has made a major breakthrough with shell (New York Stock Exchange: SHEL) and Equinor (New York Stock Exchange: EQNR) on negotiations for the construction of a $30 billion liquefied natural gas terminal.
Energy Minister Jan Makamba said the talks with shell (SHELL), Equine (EQNR) and its partners, which include Exxon Mobil (New York Stock Exchange:XOM), have been completed under the contractual terms of a critical agreement from the host government that will support the project.
The massive project aims to pipe 40T cf of gas contained in deepwater blocks 1, 2 and 4 to a 10m metric ton/year LNG plant in the Lindi region of Tanzania.
Shell (SHEL) operates Tanzanian Block 1 and Block 4, which contain an estimated 16Tcf of recoverable gas, while Equinor (EQNR) operates Block 2, in which Exxon (XOM) has an interest and is estimated to own more. of 20Tcf of recoverable gas. gas.
Shell (SHEL) and its partner QatarEnergy said on Monday they have made an oil discovery in a deepwater exploration well off the coast of Namibia.
