Mwiba
JF-Expert Member
- Oct 23, 2007
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Giant $30bn gas project now hangs in the balance
Plans to build Tanzania's giant liquefied natural gas plant are now hanging in the ,,,!
MOZAMBIQUE’s commissioning of an Italian company to start building a planned liquefied natural gas (LNG) plant in that country has put neighbors Tanzania at a considerable disadvantage in the race to construct the first gas exporting facility in this part of Africa.
The Mozambican government this week granted its approval to the Italian energy firm Eni to go ahead with the project, with Eni - which aims to sell the gas produced by the plant to British oil company BP - expected to make its final investment decision (FID) later this year.
In contrast, Tanzania was initially expected to make a final investment decision regarding its own planned LNG plant this year, but this has been delayed for at least another four years due to red tape and regulatory uncertainties.
MOZAMBIQUE’s commissioning of an Italian company to start building a planned liquefied natural gas (LNG) plant in that country has put neighbors Tanzania at a considerable disadvantage in the race to construct the first gas exporting facility in this part of Africa.
The Mozambican government this week granted its approval to the Italian energy firm Eni to go ahead with the project, with Eni - which aims to sell the gas produced by the plant to British oil company BP - expected to make its final investment decision (FID) later this year.
In contrast, Tanzania was initially expected to make a final investment decision regarding its own planned LNG plant this year, but this has been delayed for at least another four years due to red tape and regulatory uncertainties.