Equinor Reaffirms Commitment to $42 Billion Tanzania LNG Project
(Reuters) — Norway's Equinor remains committed to a $42 billion liquefied natural gas (LNG) project in Tanzania that has stalled after proposed government changes to a financial agreement reached last year, a senior company executive said on Tuesday.
Negotiations have been delayed for the East African country's mega gas project after changes to the agreement, a government spokesperson and two company sources told Reuters in May.
"Our focus now is to agree on the commercial agreements for Tanzania LNG," Equinor senior vice president Nina Koch said on the sidelines of an African oil and gas conference in Cape Town.
"We are very much committed to the project, and we will continue to work and have the dialogue with the partnership and government to get alignment," she said, adding that there were no timelines for a resolution.
The Tanzanian government did not respond immediately to a request for comment.
Related News
Related News
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
Comments