Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Tanzania: President Magufuli urges speed on $30bn LNG plant

    Tanzania: President Magufuli urges speed on $30bn LNG plant

    August 27, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp
    *President John Magufuli.
    *President John Magufuli of Tanzania.

    27 August 2016, Dar es Salaam — President John Magufuli has directed the Ministry of Energy and Minerals to fast-track the construction of a Liquefied Natural Gas (LNG) plant in Lindi Region to cost 30 billion US dollars (65 trillion/-).

    “I want to see this project taking off, there have been a lot of unnecessary delays… just accomplish whatever is creating any bureaucracy so that our investors can begin the work with immediate effect,” he said.

    The president was speaking at the State House in Dar es Salaam yesterday after receiving a progress report on the multi-trillion grand project for construction of Liquefied Natural Gas (LNG) plant at Likong’o area in Lindi Region.

    The report was presented by an official of the Norwegian Company, Statoil Country Representative, Mr. Oystein Michelsen, who insisted that after completion of the construction of the envisaged gas plant, production would continue for a period of not less than 40 years.

    “The Norwegian government is fully committed to ensuring that implementation of the project is done for the benefits of our two countries and I request that the Tanzanian government continue giving us its full support so that we achieve in putting up the plant,” said Mr. Michelsen.

    Lately, the country discovered an additional 2.17 trillion cubic feet (tcf) of possible natural gas deposits, raising the east African nation’s total estimated natural gas reserves to more than 57 tcf.

    Most of the gas discoveries in Tanzania were made in deep-sea offshore blocks south of the country near the site of a planned liquefied natural gas (LNG) plant.

    Earlier this month, the Minister for Energy and Minerals, Professor Sospeter Muhongo, revealed that the government had already embarked on the grand plan, adding that Lindi residents and all Tanzanians should expect an economic revolution in few years to come.

    Upgrade your credit card with one of these great offers for 2016. Get a $625 intro bonus, 0% APR for 21 months, 6% cash back and more
    Prof Muhongo was speaking during the official launch of the Nanenane exhibitions at Ngongo Grounds in Lindi Municipality.

    “I would like to ensure Lindi residents and Tanzanians in general that our economy is going to grow at a high speed; we are going to invest at least 30bn/- US dollars in the construction of a gas processing plant,” he said.

    However, the minister asked the public to remain calm as the government continues to set plans for the grand project. He observed that the project was likely to take many years because it needs huge amount of money, high skilled and experienced personnel as well as good supervision.

    Prof Muhongo said the government would be required to construct about 200 kilometres of gas pipes from the sea to the plant. He remarked: “This is not an easy job; it will take some years.

    We are supposed to bring the gas from the sea. It is between 100 and 200 kilometres.” At the State House yesterday, Dr. Magufuli assured the Statoil country representative that the Tanzanian government was committed to making sure that the project was successful.

    He said the project would create many employment opportunities to Tanzanians as well as enabling the government to collect revenue through various forms of taxes that will help in strengthening the provision of social services including education, health, water, and infrastructure, among others.

    Apart from Statoil, other companies that will invest in this project include Shell, Exxon, Mobil, Pavillion and Ophir, according to a statement from the Presidential Communications Unit.

    *Tanzania Daily News

    Related News

    ADNOC Gas takes FID and awards $5b contracts for RGD project

    ‘Shell’s decision on Phase 2 of LNG Canada will depend on other opportunities’

    Nigeria loses N710bn to gas flaring in four months

    E-book
    Resilience Exhibition

    Latest News

    Tanker drivers suspend loading at Dangote Refinery over dispute

    June 14, 2025

    FG reiterates commitment to port automation

    June 14, 2025

    Seplat Energy earns CIPS Procurement Excellence Standard Certificate 

    June 14, 2025

    Meta signs deal for advanced geothermal power in New Mexico

    June 14, 2025

    IEA says it stands ready to tap emergency oil stocks, OPEC sees no need

    June 14, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.