Tanzania LNG Outlook Brightens as Prices Soar

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Tanzania’s hopes of joining neighboring Mozambique as an LNG exporter brightened this month when the government signed a framework agreement with Shell and Equinor to push ahead with a 10 million ton per year export project at the Indian Ocean port of Lindi. The nonbinding pact sets a target date of 2025 for a final investment decision (FID) and 2029-30 for start-up. But even the most starry-eyed market-watcher believes this is optimistic, given the scale of the project and the need to find big-ticket lenders to finance most of the estimated $30 billion costs.

Topics:
Company/Financials, LNG Demand, LNG Supply, Floating LNG, LNG Projects
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