12 °c
London
Friday, June 9, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Tanzania’s natural gas plant construction to start in 2022

FurtherAfrica by FurtherAfrica
June 27, 2018
in Africa, Commodities, FDI, Gas, Natural Resources, Tanzania
Reading Time: 2 mins read
1.2k 12
0
Tanzania’s natural gas plant construction to start in 2022
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Actual construction of a Liquefied Natural Gas (LNG) plant in Tanzania will start in 2022, the Energy minister said on Monday.

Dr Medard Kalemani told the Parliament that the government was doing well with its negotiations with multinational firms that are interested in the project and that actual construction would start in 2022.

He said currently, the firms were competing with each other regarding who should be the leader in the project execution.

“We met the investors recently and everything is progressing well…What is happening now is that the multinational firms are competing among themselves regarding which one should lead the project execution. By 2022, actual construction will start,” he told the Parliament.

Dr Kalemani was one of the ministers who took turns to respond to views and queries, raised by Members of Parliament (MPs) during the six days of debating the government’s Sh32.5 trillion budget proposal for the financial year 2018/19.

His updates on the LNG project was in apparent response to views raised by the Parliamentary Budget Committee which asked the government on Monday, June 18, 2018 to conduct a thorough analysis of the reasons behind a fall in natural gas exploration activities in Tanzania amid reports that some investors were contemplating to sell their stakes in the country.

Presenting the committee views on the 2018/19 budget, the body’s chairperson, Ms Hawa Ghasia said reports that an American multinational, Exxon Mobile, was contemplating to sell its stake in Tanzania’s natural gas industry was bad for the goal of setting up a Liquefied Natural Gas (LNG) plant in the country.

Earlier this month (June 2018), Exxon Mobile announced that it was seeking buyers for its stake in a large undeveloped gas field off Tanzania so it could focus on the development of an even bigger project in neighboring Mozambique.

Exxon Mobil holds a 35 per cent stake in Tanzania’s deep water Block 2 field. The company holds an estimated 23 trillion cubic feet (Tcf) of gas out of Tanzania’s proven reserves of 55.08 Tcf.

Last year, the company also bought a 25 per cent stake in Mozambique’s offshore gas-rich Area 4 development from Eni. Area 4 hold an estimated 85 Tcf and is one of the world’s largest gas discoveries in recent years.

But Dr Kalemani said though it was true that Mozambique was making strides in the execution of its LNG project, it was also worth noting that Tanzania was not very far from realising the same dream.

“It is true that Mozambique is doing well but Tanzanians should also understand that we are not very far from that stage,” he said.

The planned LNG plant will be put up at Ling’oko village in Lindi.

Apart from Exxon Mobile, others partners in the planned LNG project include: the government – through the Tanzania Petroleum Development Corporation (TPDC) – and BG/Shell, Statoil, Ophir as well as Pavilion.

Read the original article on Citizen.

 

Related

Tags: Area 4BGBlock 2ENIExxon MobilFeatureGas PlantHawa GhasiaLindiLing’oko villageliquefied natural gasLNGOphirPavilionShellStatoilTanzaniaTanzania Petroleum Development CorporationTPDCтанзанияتنزانياタンザニア坦桑尼亚
ScanSendShare466Tweet292Share82Pin105Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Fintech

Blockchain-based technology takes root in African governments

by Web3Africa
June 9, 2023
Angola Capital Markets Commission analyses privatisations through stock exchange
Finance

Ecobank launches single market trade hub

by Africa Global Funds
June 9, 2023
Fintech

Unlimint-CBK partnership expands presence in Africa’s fintech industry

by The Exchange
June 9, 2023
Climate

AfDB launches study on urban infrastructure and climate adaptation in Djibouti

by Fabio Scala
June 9, 2023
Economy

Mozambique to join African Trade Insurance Agency

by Club of Mozambique
June 9, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Fintech

Blockchain-based technology takes root in African governments

by Web3Africa
June 9, 2023
0

African governments take a positive turn towards a decentralized Continent by embracing decentralize applications In 2022, Africa’s fintech sector secured...

Read more
Angola Capital Markets Commission analyses privatisations through stock exchange

Ecobank launches single market trade hub

June 9, 2023

Unlimint-CBK partnership expands presence in Africa’s fintech industry

June 9, 2023

AfDB launches study on urban infrastructure and climate adaptation in Djibouti

June 9, 2023

Mozambique to join African Trade Insurance Agency

June 9, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107,194 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?